PulteGroup shares slid during the session, mirroring a broader downturn across the residential construction sector that saw peers like Meritage Homes, Owens Corning, and Toll Brothers also experience notable declines. The move follows a period of negative sentiment surrounding the homebuilding industry, which continues to grapple with persistent affordability constraints and elevated mortgage rates that have pressured the stock over the past month. While the company previously outperformed the broader market on October 6, investors remain cautious ahead of the October 22 earnings report, which is currently projected to show an 11.15% year-over-year decline in earnings per share.