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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.

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PulteGroup (NYSE: PHM) reported strong Q2 2024 financial results, with earnings increasing 19% to $3.83 per share. Home sale revenues rose 10% to $4.4 billion, driven by an 8% increase in closings to 8,097 homes and a 2% increase in average sales price to $549,000. The company's gross margin improved by 30 basis points to 29.9%. Net new orders totaled 7,649 homes with a value of $4.4 billion. PulteGroup's backlog stood at 12,982 homes valued at $8.1 billion. The company repurchased $314 million of common shares and $300 million of senior notes in the quarter, demonstrating strong cash flow management.

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PulteGroup (NYSE: PHM) has announced that Bob O'Shaughnessy, Executive Vice President and CFO, plans to retire at the end of 2025. As part of the company's succession plan, Jim Ossowski, currently Senior VP of Finance, will succeed O'Shaughnessy as CFO.

O'Shaughnessy will continue as CFO through early February 2025, then remain with PulteGroup as Executive VP until the end of 2025. Ossowski will be promoted to Executive VP and CFO effective February 2025, overseeing accounting, tax, audit, risk management, and treasury functions.

Ossowski brings 22 years of experience with PulteGroup, including managing the $16 billion homebuilding operations and the company's asset management committee. This transition highlights PulteGroup's focus on long-term succession planning and internal talent development.

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Pulte Homes announces the pre-sale launch of Deep Creek at Jordanelle Ridge, marking its return to Utah after two decades. This new community in Heber City combines mountain living with city conveniences. It is strategically located 15 minutes from Park City and 45 minutes from Salt Lake City International Airport.

The Canyon Series offers eight home designs starting in the mid-$700Ks, featuring single-family homes ranging from 2,448 to 2,920 sq. ft. with 2-4 bedrooms. Model homes will be available in August 2024. Later, the Peak Series townhomes will be available with model homes expected in early 2025.

Residents will have access to The Ridge Club, offering amenities like a fitness room, pickleball courts, and more. Potential buyers can join the VIP list at pulte.com/deepcreekcanyon for updates on community developments and promotions.

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PulteGroup has announced the groundbreaking of Ryehill and Del Webb Sugar Land at Ryehill in Sugar Land, Texas. These communities will feature around 2,500 homes with flexible floorplans by Pulte Homes, Taylor Morrison, and Del Webb, designed to cater to various lifestyles including homes for 55-plus buyers. The communities, located near Hwy 59 and Grand Parkway, will offer world-class amenities, parks, and 60 acres of retail, commercial, and office space. This project is developed in partnership with the City of Sugar Land and other key stakeholders, aiming to integrate seamlessly into the local landscape and enhance quality of life.

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PulteGroup, through its Built to Honor® program, has donated three mortgage-free homes to wounded veterans in 2024. The recipients include U.S. Army Staff Sergeant Christopher Liby in Tucson, Navy Petty Officer Second Class Robert Orr in Whitestown, and USAF Master Sergeant Francis “Frankie” Reilly in Southeast Florida. Each home is tailored to meet the specific needs of the veterans and their families. This initiative has been run since 2013 and has donated a total of 94 homes across 19 states. PulteGroup plans to gift an additional 10 homes this year, demonstrating its ongoing commitment to supporting veterans.

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Pulte Homes has announced the development of Overlook at Fairfax Boulevard, a new townhome and condominium community in Fairfax, Virginia, set to open later this summer.

Located on Fairfax Boulevard, the community will feature 60 residences, including four-level townhomes with rooftop terraces and two-level condos. Townhomes will start from the $900s, while condos will be priced from the $700s.

The development is designed for modern living with convenient access to local amenities, including dining, entertainment, and outdoor activities. The location also offers excellent commuter access, with proximity to I-66, Vienna Metro Station, and a MetroBus stop.

Potential buyers are encouraged to join the VIP list for updates and promotions.

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PulteGroup (NYSE: PHM) has announced the pricing for its tender offers to purchase up to $300 million of its 5.500% Senior Notes due 2026 and 5.000% Senior Notes due 2027.

The tender offers will expire on June 14, 2024. Due to the high volume of tenders received by the Early Tender Date, no additional tenders will be accepted beyond this date. Early tender payments include $50 per $1,000 principal amount of notes.

The settlement date for accepted notes is anticipated to be June 4, 2024. J.P. Morgan is managing the offers, and Global Bondholder Services is the tender and information agent.

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PulteGroup (NYSE: PHM) has announced the early results of its tender offers to purchase up to $300 million of its 5.500% Senior Notes due 2026 and 5.000% Senior Notes due 2027. As of May 30, 2024, the company accepted $193.4 million of the 2026 Notes and $106.6 million of the 2027 Notes, with a proration factor of 57.6% for the latter. The early settlement date for these accepted notes is June 4, 2024. The tender offers are no longer open for additional tenders since the total tendered amount has exceeded the aggregate tender cap. J.P. Morgan is the dealer manager for these offers, and more details can be found in the Offer to Purchase document.

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PulteGroup (NYSE: PHM) will release its Q2 2024 financial results before the market opens on July 23, 2024.

A conference call to discuss these results will be held at 8:30 a.m. (ET) on the same day. Investors can access a live audio webcast via PulteGroup’s website by logging in five minutes before the call. The dial-in number for participants is (888) 440-6928 with conference ID 6106699. An audio replay will be available within 24 hours and archived on the company’s website.

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PulteGroup, a key player in the construction industry, announced a tender offer for its debt securities up to $300 million. The tender includes 5.5% Senior Notes due 2026 and 5.0% Senior Notes due 2027. Investors who tender their securities by May 30, 2024, will receive early tender payments of $50 per $1,000 principal amount. The tender offer expires on June 14, 2024, with payment anticipated by June 18, 2024. J.P. Morgan is managing the offer, and Global Bondholder Services is the information agent. The offer is not contingent on any minimum tender amount or the completion of other offers.

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FAQ

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

26.43B
210.34M
0.74%
92.73%
2.53%
New Housing For-Sale Builders
Construction
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United States of America
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