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.
PulteGroup reported a strong Q3 2021 with a net income of $476 million, or $1.82 per share, a 36% increase from the previous year. The company saw a 18% rise in home sale revenues to $3.3 billion, driven by a 9% increase in closings to 7,007 homes. Gross margin improved by 200 basis points to 26.5%. However, net new orders decreased 17% to 6,796 homes. The unit backlog grew 33% to 19,845 homes, valued at $10.3 billion.
PulteGroup, Inc. (NYSE: PHM) will announce its third quarter 2021 financial results on October 26, 2021, before market opening. A conference call is scheduled for 8:30 a.m. ET that same day, where the results will be discussed. Investors can access a live audio webcast by visiting PulteGroup's website. The company, a major player in the homebuilding industry with operations across more than 40 markets, aims to fulfill the diverse housing needs of its customers through its various brands.
PulteGroup, Inc. (NYSE: PHM) has declared a quarterly cash dividend of $0.14 per common share, payable on October 5, 2021, to shareholders of record as of the close of business on September 20, 2021. This announcement highlights the company's commitment to returning value to its shareholders while maintaining strong operations across over 40 markets nationwide.
PulteGroup, Inc. (NYSE: PHM) has updated its closing guidance due to ongoing supply chain disruptions affecting homebuilding. The company anticipates a 8% increase in third quarter closings to 7,000 homes, and a 19% to 21% rise for the full year, totaling 29,250 to 29,750 homes. However, challenges persist with building product shortages impacting quality and timelines. Due to these factors, gross margin is now expected between 26.4% and 26.6%, with SG&A at 9.9% of home sale revenues. The full third quarter results will be reported on October 26, 2021.
PulteGroup (NYSE: PHM) enhances customer experience by introducing MINE x Pulte, an online interior design service allowing homebuyers to purchase furniture and décor featured in model homes. This initiative simplifies the shopping process for customers, enabling them to replicate the designer look at home without hiring an interior designer. Homebuyers can scan QR codes at model homes to access curated collections on MINE's website. PulteGroup's design team focuses on functionality and style, connecting buyers with products that suit their needs.
PulteGroup (NYSE: PHM) reported strong Q2 2021 results with a net income of $503 million, or $1.90 per share, compared to $349 million, or $1.29 per share, last year. Adjusted net income was $456 million, or $1.72 per share. Home sale revenues surged by 31% to $3.2 billion, driven by a 22% increase in closings to 7,232 homes. The gross margin improved to 26.6%, up 270 basis points year-over-year. The backlog exceeded 20,000 homes valued at $9.8 billion, signaling future growth.
Invitation Homes (NYSE: INVH) and PulteGroup (NYSE: PHM) have formed a strategic alliance to enhance single-family home leasing. Over the next five years, Invitation Homes anticipates purchasing around 7,500 newly constructed homes from PulteGroup, tailored for leasing purposes. Initial agreements include over 1,000 homes across seven communities, with first sales expected in 2022. The collaboration aims to meet the rising demand for rental homes, focusing on quality and location, benefiting both companies in their respective markets.
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