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.
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.
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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.
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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.