Goldman Sachs has projected that Hurricane Milton will deliver a $2.5 billion blow to Florida's homebuilding sector. This forecast indicates a significant financial impact on a critical market for homebuilders.
The potential damage and disruption from the hurricane could lead to increased construction costs, delays in building, and a temporary slowdown in new home sales within the affected region.
As Florida is a key state for many homebuilders, including PulteGroup, such an event poses a notable risk to their operational performance and financial outlook.
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