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 (PHM), a leading American homebuilder specializing in single-family residences, maintains this dedicated news hub for investors and industry observers. Our curated collection provides essential updates on corporate developments, market strategies, and operational milestones within the residential construction sector.
This resource centralizes PHM's financial disclosures, including quarterly earnings reports and annual performance summaries, alongside strategic announcements about community developments, partnership initiatives, and design innovations. Users gain immediate access to verified information about land acquisitions, sustainability efforts, and customer experience enhancements that shape the company's market position.
Regular updates ensure stakeholders can track PHM's responses to housing market trends, regulatory changes, and economic conditions affecting the homebuilding industry. Bookmark this page for efficient monitoring of leadership updates, operational expansions, and recognition of the company's award-winning home designs.
Centex Homes is launching its first affordable housing community, Gateway at Gladden Farms, in Marana, Arizona, aimed at meeting the rising demand for affordable homes. This community features energy-efficient single- and two-story designs equipped with smart technology. With floor plans ranging from 1,808 to 2,389 square feet, homes will come with various standard features, including stainless-steel appliances and granite countertops. The community will have 96 homesites and is located near employment and recreational amenities, set to open in September 2021.
PulteGroup, Inc. (NYSE: PHM) is set to release its Q1 2021 financial results on April 27, 2021, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results. Interested parties can access a live audio webcast on the company's website. PulteGroup operates in over 40 markets across the U.S., known for its versatile homebuilding brands including Centex, Pulte Homes, and Del Webb, catering to diverse buyer needs.
PulteGroup's Built to Honor program surprises U.S. Army Sergeant Bryan Edwards with a mortgage-free home in Laurel, Maryland. The new three-level townhome, over 1,500 square feet, features 3 bedrooms and 3.5 bathrooms and is expected to be completed this fall. The land was generously donated by Elm Street Communities. This initiative honors veterans who have been injured in service, reflecting PulteGroup's commitment to supporting military families. Edwards, a Purple Heart recipient, aims to establish roots with his wife, Annabel, in their new home.
PulteGroup (NYSE: PHM) has introduced new healthy in-home technology features in response to evolving consumer preferences during the pandemic. According to a recent survey, 60% of consumers prioritize health and wellness attributes in their homes. New offerings include a whole house water filtration system, hospital-grade air filtration, antimicrobial quartz countertops, and touchless faucets. Notably, 87% of consumers express interest in these features, with 44% willing to pay an additional $1,000 to $5,000.
PulteGroup (NYSE: PHM) announced the results of its cash tender offers to purchase up to $300 million of its outstanding senior notes. Approximately $300 million of the 5.500% senior notes due 2026 and 5.000% senior notes due 2027 were validly tendered by the early tender deadline. The 2026 Tender Cap is set at $200 million and the 2027 Tender Cap at $100 million. The company expects to accept notes based on the tender priorities and conditions.
PulteGroup (NYSE: PHM) will participate virtually at the Barclays Industrial Select Conference on February 16, 2021, at 8:50 a.m. (EDT). Investors can access the presentation via the company's website under the Events & Presentations section of Investor Relations. PulteGroup is one of America’s largest homebuilders, operating in over 40 markets and offering brands like Centex and Del Webb, designed to meet diverse consumer needs.
PulteGroup, Inc. (NYSE: PHM) has declared a quarterly cash dividend of $0.14 per common share. This dividend will be payable on April 1, 2021, to shareholders of record by the close of business on March 12, 2021. As a major player in the homebuilding industry, PulteGroup operates over 40 markets across the U.S., offering diverse brands like Centex and Pulte Homes. The company aims to create exceptional living spaces, reflecting its commitment to meet the evolving needs of homebuyers.
PulteGroup (NYSE: PHM) announced cash tender offers to purchase up to $300 million in senior notes, including 5.500% senior notes due 2026 and 5.000% senior notes due 2027. Validly tendered notes at or before the early tender time on February 10, 2021, will receive a total consideration that includes a $30 early tender premium. The offers will expire on February 25, 2021. The company plans to fund these purchases with existing cash. Conditions apply, including potential proration based on maximum tender amounts.
PulteGroup reported a net income of $438 million for Q4 2020, up from $336 million in Q4 2019, with EPS reaching $1.62, an increase from $1.22 per share. Adjusted net income was $404 million or $1.49 per share. Home sale revenues rose by 5% to $3.1 billion, driven by a 4% increase in average sales price. New orders surged 24% year-on-year to 7,056 homes, with a backlog up 44% to over 15,000 homes. The company ended the quarter with $2.6 billion in cash and a 29.5% debt ratio.
PulteGroup (NYSE: PHM), the third largest homebuilder in the U.S., is expanding into the Denver market and the Piedmont Triad region of North Carolina. The first community in Colorado, Sterling Ranch, will open later this year, showcasing innovative designs. In North Carolina, construction will begin this year in High Point, driven by the area's attractive living conditions. This strategic expansion aims to capture new markets and enhance PulteGroup’s operational growth, with potential future developments planned in both regions.
