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Pultegroup, Inc. - PHM STOCK NEWS

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. (symbol: PHM) is a leading homebuilder in the United States, renowned for its innovative home designs and commitment to customer satisfaction. The company specializes in building single-family detached homes, catering to a diverse range of buyers including entry-level, move-up, and active-adult segments.

PulteGroup operates through two primary segments: Homebuilding and Financial Services. The Homebuilding segment includes the acquisition and development of land for residential purposes, as well as the construction of homes. The Financial Services segment offers mortgage financing, title, and insurance services, adding a comprehensive benefit for homebuyers.

Recent achievements highlight PulteGroup’s dedication to excellence, winning more awards for customer satisfaction than any other homebuilder. The company’s current projects emphasize sustainability and modern living, integrating energy-efficient materials and smart home technologies.

With a stable financial condition, PulteGroup continues to invest in strategic land acquisitions and innovative home designs. The company maintains strong partnerships with suppliers and contractors, ensuring quality and reliability in every home they build.

For those seeking to stay updated with the latest news and developments related to PulteGroup, visiting our news section will provide comprehensive and timely updates.

Rhea-AI Summary
PulteGroup, Inc. (NYSE: PHM) reported a net income of $720 million, or $3.21 per share, for the second quarter of 2023. Home sale revenues increased by 8% to $4.1 billion, with closings up 5% to 7,518 homes and an average sales price up 3% to $540,000. The company also saw a 29.6% home sale gross margin, a 24% increase in net new orders to 7,947 homes valued at $4.3 billion, and a unit backlog of 13,558 homes valued at $8.2 billion. PulteGroup repurchased $250 million of shares in the quarter.
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Del Webb has opened its new Michigan community, Kensington Ridge, offering 611 single-family homes for buyers 55 and older. The grand opening exceeded sales expectations with 750 people visiting the community. Prices start in the mid $300s and the community offers world-class amenities and year-round activities.
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PulteGroup, Inc. will present at the 2023 UBS Global Industrials and Transportation Conference on June 7, 2023. Interested investors can access the webcast on the company's website.
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FAQ

What is the current stock price of Pultegroup (PHM)?

The current stock price of Pultegroup (PHM) is $110.52 as of December 20, 2024.

What is the market cap of Pultegroup (PHM)?

The market cap of Pultegroup (PHM) is approximately 22.5B.

What types of homes does PulteGroup build?

PulteGroup builds single-family detached homes, catering to entry-level, move-up, and active-adult buyers.

What services does PulteGroup offer besides homebuilding?

Besides homebuilding, PulteGroup offers mortgage financing, title, and insurance services through its Financial Services segment.

Has PulteGroup received any awards?

Yes, PulteGroup has won more awards for customer satisfaction than any other homebuilder.

What is PulteGroup's approach to home design?

PulteGroup focuses on innovative home designs using energy-efficient materials and smart home technologies.

How does PulteGroup ensure the quality of their homes?

PulteGroup maintains strong partnerships with suppliers and contractors to ensure quality and reliability in every home they build.

What is included in PulteGroup's Financial Services segment?

The Financial Services segment includes mortgage financing, title services, and insurance agency services.

What kind of buyers does PulteGroup cater to?

PulteGroup caters to entry-level, move-up, and active-adult buyers.

How can I stay updated on PulteGroup’s latest news?

You can stay updated by visiting the news section on their website for comprehensive and timely updates.

What are PulteGroup's recent projects focused on?

PulteGroup's recent projects are focused on sustainability and modern living.

What is PulteGroup’s ticker symbol?

PulteGroup's ticker symbol is PHM.

Pultegroup, Inc.

NYSE:PHM

PHM Rankings

PHM Stock Data

22.45B
203.63M
0.7%
94.48%
2.35%
Residential Construction
Operative Builders
Link
United States of America
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