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.
Summary not available.
PulteGroup, Inc. (NYSE: PHM) has announced a 7% increase in its quarterly cash dividend to $0.16 per common share, effective January 3, 2023. This decision marks the fifth consecutive year of dividend increases, reflecting the company's commitment to returning value to shareholders. The dividend will be payable to shareholders of record by December 14, 2022. PulteGroup operates in over 40 markets, showcasing its versatility in addressing diverse consumer needs.
Summary not available.
PulteGroup, Inc. (NYSE: PHM) has launched its second off-site solutions manufacturing facility in Florence, South Carolina. This facility, part of its Innovative Construction Group (ICG), focuses on single-family and multi-family wood framed construction, enhancing production and distribution capabilities in the Southeast. The new operation utilizes advanced technology to provide efficient framing solutions, including design services and installation. This expansion is expected to cater to the increasing demand for new homes in key South Carolina markets such as Myrtle Beach, Charleston, and Columbia.
Summary not available.
Del Webb has begun construction on its latest community, Kensington Ridge, located in southeast Michigan. This active adult community will feature 611 homes designed for residents aged 55 and older, with prices starting in the $400s. Amenities will include a 15,000 sq. ft. clubhouse, a 43-acre lake, and numerous recreational facilities. The grand opening is planned for Spring 2023. Del Webb is a renowned brand under PulteGroup (NYSE: PHM), focused on building innovative homes for an active lifestyle.
PulteGroup, Inc. (NYSE: PHM) reported a strong third quarter for 2022, with net income rising 48% to $628 million or $2.69 per share, compared to $476 million or $1.82 per share last year. Revenues increased 16% to $3.8 billion, driven by a 15% rise in average sales price to $545,000. Gross margins improved by 360 basis points to 30.1%. However, net new orders fell 28% to 4,924 homes, and the cancellation rate spiked to 24%. The company repurchased $180 million worth of shares and ended the quarter with a debt-to-capital ratio of 22.5%.
PulteGroup, Inc. (NYSE: PHM) announces the retirement of John Chadwick, COO, in 2023. Brandon Jones, currently Senior VP of Field Operations, will take over as COO on January 1, 2023. Chadwick will assist during the transition until April 2023. Jones brings 18 years of experience at PulteGroup, having held various leadership roles across the company. He is recognized for navigating supply chain challenges and enhancing customer experiences.
PulteGroup operates in over 40 markets, focusing on diverse buyer needs.
Summary not available.
Del Webb, a leading builder of active adult communities, is set to grand open its latest community, Del Webb Fulshear, on October 8. Located in Fulshear, Texas, this resort-style community spans over 230 acres and offers 725 single-family homes. Home prices start in the upper $200s, with three unique series: The Scenic, The Distinctive, and The Echelon, featuring multiple spacious layouts. Residents will enjoy numerous amenities, including a recreation center, pools, and sports courts, further promoting an active lifestyle.