PULTEGROUP INC/MI/ News

company, PHM

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2022, it controlled 211,112 lots, of which 108,848 were owned and 102,264 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. The company was founded in 1950 and is headquartered in Atlanta, Georgia.

see more

PULTEGROUP INC/MI/ Market News

3d

PulteGroup Q1 Miss Pressures PHM Stock—Margins

  • PulteGroup’s Q1 results revealed weaker revenue, shrinking margins and a strategic shift to build-to-order that pressured PHM shares and reverberated through S&P 500 homebuilder exposure. The company reports lower closings, elevated incentives and a near-term margin trough, while board changes and buybacks add nuance to the investment case.
CTA-image

1w 1m 6m 1Y Max