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PulteGroup profit surges 52% on strong demand for homes

Oct 22 (Reuters) - U.S. homebuilder PulteGroup Inc on Thursday reported a 52% jump in quarterly profit, as record-low mortgage rates encouraged more Americans to buy homes.

The company said net income rose to $416.4 million, or $1.54 per share, in the third quarter ended Sept. 30, from $273.1 million, or 99 cents per share, a year earlier. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli)

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