Welcome to our dedicated page for Pultegroup news (Ticker: PHM), a resource for investors and traders seeking the latest updates and insights on Pultegroup stock.
PulteGroup, Inc. (NYSE: PHM) is an Atlanta, Georgia-based U.S. homebuilder with operations in more than 45 markets and a portfolio of brands that includes Pulte Homes, Centex, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods. This news page aggregates company announcements, community updates and financial disclosures relevant to PHM stock and the underlying homebuilding business.
Company news frequently highlights new community openings, amenity unveilings and market expansions. For example, Del Webb-branded active-adult and lifestyle communities are often featured with details on clubhouses, fitness centers, pools, walking trails and other resort-style amenities. PulteGroup also issues releases on design trends, showcasing the work of its in-house residential interior design team and its model home programs across many U.S. markets.
Investors and observers can expect coverage of PulteGroup’s quarterly earnings announcements, dividend decisions and share repurchase activity, as well as notices about investor presentations and conference participation. These items provide insight into the company’s operating performance, capital allocation and strategic focus within the homebuilding and construction sector.
Because PulteGroup serves multiple buyer groups, including first-time, move-up and active-adult buyers, its news flow spans a wide range of topics, from active-adult community milestones under the Del Webb brand to strategic entries into new metropolitan areas. This page offers a centralized view of those developments, helping readers follow how the company is positioning its brands, communities and financial profile over time.
PulteGroup reported a strong first quarter of 2023, with net income increasing 28% to $2.35 per share, compared to $1.83 in the prior year. Home sale revenues rose 15% to $3.5 billion, driven by a 6% increase in closings to 6,394 homes and a 9% surge in average sales price, reaching $545,000. Gross new orders rose 1% to 8,898 homes, although net new orders fell 8% to 7,354 homes. The company's backlog consisted of 13,129 homes valued at $8.0 billion. PulteGroup also increased its share repurchase authorization by $1.0 billion, reflecting confidence in financial performance. The company’s operating margin improved to 19.5%, and SG&A expenses decreased as a percentage of revenues, indicating operational efficiency.
PulteGroup, Inc. (NYSE: PHM) has announced a $1.0 billion increase to its share repurchase authorization, raising the total to $1.2 billion. This decision reflects the company's strong operating results and commitment to returning capital to shareholders. CEO Ryan Marshall emphasized that despite market volatility, PulteGroup remains focused on generating long-term shareholder value. Over the past decade, the company has returned over $6 billion to shareholders through dividends and share buybacks.
PulteGroup's Built to Honor® program celebrated its 10th anniversary by donating a mortgage-free home to U.S. Marine Corps Sergeant Matthew Perry in Jacksonville, Florida. This home, designed for accessibility, includes ADA modifications and is part of a partnership with Building Homes for Heroes. The program has provided 76 homes nationwide, valued at over $35 million. PulteGroup aims to honor and support veterans by building homes tailored to their needs, fostering community connections and providing essential services. The dedication ceremony emphasized gratitude for the sacrifices made by veterans like Sergeant Perry, who was medically retired after serving in Iraq and Afghanistan.
PulteGroup (NYSE: PHM) unveils spring interior design trends focusing on personalization and creativity. Key trends include freeform lines, natural essentials, and mixed era elements. Color palettes feature shades of blue, black and white, and vivid accents. The company's design team will create over 500 model homes in 2023, offering consumers access to designer furniture through a partnership with MINE, an online interior design service. This initiative aims to enhance the home buyer experience by providing trendy, curated interior options.
PulteGroup has celebrated the 10th anniversary of its Built to Honor program by breaking ground on a new mortgage-free home for U.S. Army Sergeant First Class Lucio Gaytan in Lakewood Ranch, Florida. The program has delivered 76 homes to veterans since its inception in 2013, contributing over $35 million in value. The Gaytan family will receive a single-story, 2,200+ square foot home, designed to meet Sergeant Gaytan's needs. The ceremony was attended by community members, highlighting local support for veterans.
Pulte Homes has launched a new community, The Trails at Belmond, in Louisville, Ky, featuring five unique two-story home designs. Ranging from 2,265 to 3,020 sq. ft., these homes include 3-5 bedrooms and 2.5-4 baths, priced from the mid $300s.
Located near Fern Creek Park and Quail Chase Golf Course, residents enjoy easy access to shopping and dining options. Key features include flexible floor plans and high-speed internet. Interested buyers can visit the sales center at 7716 Fair Lane for tours and appointments.
PulteGroup, Inc. (NYSE: PHM) will release its first quarter 2023 financial results on April 25, 2023, before market opening. A conference call to discuss these results is scheduled for 8:30 a.m. (ET) on the same day. Investors can access the live audio webcast by visiting the company's website five minutes prior to the call. The call will also be recorded and available for replay. PulteGroup is a leading homebuilding company with operations in over 40 markets across the U.S., and aims to build exceptional communities tailored to different buyer groups.
PulteGroup, Inc. (NYSE: PHM) has announced the launch of three new construction communities under its Pulte Homes brand in South Carolina's upstate region, specifically in Easley, Spartanburg, and Greenville. The first community, Indigo Park, will open this summer, followed by Briarwood Reserve in late 2023 and Alston Park in early 2024. PulteGroup aims to meet the increasing demand for new homes in Greenville, known for its thriving downtown and employment centers. Future plans include additional developments, enhancing both community offerings and homebuyer options.
PulteGroup, Inc. (NYSE: PHM) will present at the Raymond James & Associates’ 44th Annual Institutional Investors Conference on March 6, 2023, at 1:40 p.m. ET. Investors can access the live webcast via the company’s website. PulteGroup, based in Atlanta, Georgia, is one of the largest homebuilding companies in America, operating in over 40 markets. Its brand portfolio includes well-known names such as Pulte Homes, Centex, and Del Webb. The company focuses on building diverse homes to meet the needs of various buyer groups.
PulteGroup celebrates the 10th anniversary of its Built to Honor program, providing mortgage-free homes to veterans. Recently, U.S. Air Force Master Sergeant Francis Reilly and his wife were awarded a new home in Port St. Lucie, Florida, marking the program's first home in Southeast Florida. Since its launch in 2013, PulteGroup has delivered over 75 homes to veterans nationwide. The construction of the Reilly's home, exceeding 2,600 square feet, is set to begin this spring, symbolizing a significant commitment to supporting injured veterans and their families.