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. is a U.S. homebuilder whose updates center on home sales, new orders, backlog, land acquisition and development, and market conditions across more than 45 markets. The company builds under brands including Pulte Homes, Centex, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, serving entry-level, move-up and active-adult buyers.
Recurring news also covers dividends, share repurchase authorizations, board nominations, investor presentations, builder relationships and community expansion. PulteGroup also reports on mortgage financing, title and insurance agency services through its financial services segment.
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PulteGroup, Inc. (NYSE: PHM) will release its third quarter 2022 financial results on October 25, 2022, before market opening. The company will hold a conference call at 8:30 a.m. ET the same day to discuss the results. Investors can listen to the call via a live audio webcast on PulteGroup's website. The dial-in number for participants is (888) 440-6928, conference ID 6106699. A replay will be available within 24 hours on the site.
PulteGroup, Inc. (NYSE: PHM) has declared a quarterly dividend of $0.15 per common share. This dividend is payable on October 4, 2022, to shareholders of record by the close of business on September 22, 2022. As one of America’s largest homebuilders, operating in over 40 markets, PulteGroup aims to meet diverse buyer needs through its various brands, including Pulte Homes and Del Webb. This dividend declaration reflects the company’s commitment to returning value to its shareholders.
PulteGroup (NYSE: PHM) has been recognized as one of the 2022 PEOPLE Companies that Care, ranking third for the second consecutive year. This accolade, awarded by Great Place to Work and PEOPLE magazine, highlights the company's commitment to employee welfare and community service, exemplified by initiatives like the Built to Honor program, which provides mortgage-free homes to veterans. Additionally, PulteGroup received accolades in various workplace rankings, including #43 on Fortune's 100 Best Companies to Work For.
Del Webb, a leading builder of active adult communities, announced the grand opening of The Carriage House clubhouse at Kimblewick in Westfield, Indiana, slated for Summer 2023. The 13,000 sq. ft. facility will feature extensive amenities, including a fitness center, indoor spa, and various social spaces. Residents will also benefit from an expansive outdoor area with walking trails, dog parks, and recreational facilities. Homes in the community start at $337,990, offering buyers customizable options through the GenYou™ collection.
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PulteGroup (NYSE: PHM) reported strong Q2 2022 earnings, with net income of $652 million, or $2.73 per share, a 59% increase from the previous year. Adjusted net income was $456 million, or $1.72 per share. Home sale revenues rose 18% to $3.8 billion, while average sales price climbed 19% to $531,000. However, net new orders fell 23% year-over-year to 6,418 homes, affected by rising mortgage rates and lower consumer confidence. The company maintained a backlog of 19,176 homes valued at $11.6 billion, and repurchased $294 million in stock during the quarter.
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PulteGroup's Built to Honor® program recently dedicated a mortgage-free Centex home for Specialist Christopher Lewis and his family in Murfreesboro, Tennessee. The event included a procession with local veterans and first responders, culminating in a heartfelt ceremony where the keys were handed over. The 2,700 square-foot home features five bedrooms and three bathrooms, fully furnished by Pulte’s design team. This marks the second home dedicated in Tennessee, with the program aiming to reach its 75th home later this year in Dallas, Texas.