PulteGroup

PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

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Earnings data Q4 2024

PulteGroup achieves record Q4 earnings, focuses on strategic pricing

PulteGroup's strong financial performance in Q4 2022 reflects its resilience in the face of market challenges. With a focus on steady production volume, strategic pricing, and operational adaptability, the company remains optimistic about its future prospects. Managing affordability, optimizing production efficiency, and addressing market dynamics will be key focus areas for PulteGroup moving forward.

PulteGroup excels in Q1, faces margin pressure in Q2

PulteGroup's strong Q1 performance reflects effective cost management and strategic focus on spec homes.
Challenges include potential margin contraction in Q2 and decline in net new orders.
Opportunities lie in improving market conditions, leveraging liquidity, and strong entry-level demand.

PulteGroup reports record Q2 earnings, eyes growth in land market

PulteGroup's strong financial performance in Q2 2023 underscores operational excellence and prudent financial management. Despite supply chain challenges and modest price increases, the company maintains a solid financial position with a focus on efficiency and disciplined underwriting. Opportunities in the land market and Florida market growth offer avenues for further expansion.

PulteGroup excels in Q3 with record earnings and strategic investments

PulteGroup's Q3 performance reflects strong growth, efficient operations, and strategic investments. While challenges in maintaining margins and addressing affordability persist, the company's adaptability and focus on market dynamics position it well for future opportunities.

PulteGroup reports record revenues and plans for growth in 2024

PulteGroup's strong financial performance in 2023 was driven by record revenues, increased earnings per share, and robust new order growth. Despite challenges like affordability issues and cost inflation, the company is strategically positioned to capitalize on growth opportunities and operational efficiencies in 2024. By addressing affordability concerns and focusing on cycle time improvements, PulteGroup aims to sustain its momentum.

PulteGroup achieves record Q1 results, eyes strategic growth opportunities

PulteGroup's strong performance in Q1 2024 was driven by record revenues, increased margins, and strategic decisions.
While facing challenges like affordability and cost pressures, the company is leveraging opportunities in investments and market strategies.
Maintaining a focus on efficiency and growth avenues positions PulteGroup well for the future amidst a dynamic market environment.

PulteGroup reports 19% earnings growth, focuses on efficiency and growth

PulteGroup delivered a strong Q2 performance with notable increases in earnings, gross margin, and closings, despite facing challenges in market demand and competitive conditions in certain regions.
Strategic initiatives like managing price, pace, and starts, along with increasing third-party land vendors, present opportunities for growth and efficiency improvements.
The company's financial services operations also showed robust growth, contributing to overall positive financial results.
CFO succession plans were announced, ensuring a smooth transition and continuity in financial leadership.

PulteGroup reports robust Q3 earnings amidst margin challenges and growth opportunities

PulteGroup's Q3 performance reflects strong earnings growth and strategic initiatives to address market demand and enhance operational efficiency.
While facing challenges such as margin pressures and buyer confidence fluctuations, the company remains focused on meeting closing targets and driving revenue growth.
Opportunities lie in achieving closing targets, improving margins, and optimizing operations to capitalize on market demand and drive profitability.

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PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment is composed of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

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Shares of home builders were broadly higher Friday, as the continued drop in longer-term Treasury yields helped soothe some fears about home affordability. The iShares U.S. Home Construction ETF ITB, +4.17% ran up 4.3% with all 47 equity components trading higher, while the S&P 500 SPX, +0.70% edged up 0.7%.

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Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF XHB, +3.04% rallied 2.9% in morning trading, with all 35 components trading higher.

Home builder, real estate services stocks surge on surprise jump in new home sales

Pulte is still expected to perform well compared with peers, but the outlook for the construction sector is bleak.

What a PulteGroup Downgrade Says About Where the Housing Market Is Headed

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Shares of home builders got a broad lift in morning trading Tuesday, as data on existing home sales assuaged some investor fears, for now, by meeting expectations. The iShares U.S. Home Construction ETF ETF, rallied 2.7% in morning trading, after being up about 1.4% just prior to the release of the data, while the Dow Jones Industrial Average DJIA, +1.74% rose 565 points, or 1.9%.

Home builder stocks enjoy a broad lift after housing data

NASHVILLE--(BUSINESS WIRE)--United States Army Specialist Christopher Lewis was presented with the keys to his new, mortgage-free Centex home during a special dedication ceremony last month. Located in the Rucker Landing community in Murfreesboro, Lewis was selected to receive the home through PulteGroup's Built to Honor® program. “It was a great honor for us to build this home for the Lewis family and welcome them to the Rucker Landing community,” said Melanie Hemingway, Vice President of Sale

PulteGroup Gifts New Mortgage-Free Home to Wounded Army Veteran in Tennessee

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its second quarter 2022 financial results before the market opens on Tuesday, July 26, 2022. The Company will hold a conference call to discuss its second quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentations

PulteGroup's Second Quarter 2022 Earnings Release and Webcast Conference Call Scheduled for July 26, 2022

On Thursday, June 16, home builders' stocks dropped markedly after data came in lower for May by 14.4%. Currently, the.

Home builder stock slump as U.S. housing starts falling faster than expected

TRI Pointe Group

Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell a lot more than expected in May. The iShares U.S. Home Construction ETF ITB, -0.26% sank 2.0% in premarket trading, putting it on track for a near two-year low, as futures ES00, -1.76% for the S&P 500 SPX, +1.46% shed 1.7%.

Home builder stocks hit hard after disappointing housing starts data

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today the release of its 2021 Environmental, Social and Governance (ESG) Report. PulteGroup's latest sustainability report provides a comprehensive review of the Company's environmental, diversity and inclusion, workplace culture, community engagement, and governance practices, all of which are critical to achieving PulteGroup's vision of being considered the most respected homebuilder in America. “As one of the nation's largest h

PulteGroup Releases 2021 Environmental, Social and Governance Report

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On the back of a stronger-than-expected jobs report for May and rising interest rates, U.S. market indexes declined on Friday.

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The home builder sector was suffering a unanimous selloff in morning trading Tuesday, after data showing new home sales surprisingly fell in April, and sharply, amid high prices, rising mortgage rates and low supply. The iShares U.S. Home Construction ETF ITB, -3.76% sank 3.4%, with all 47 equity components losing ground, while the SPDR S&P Homebuilders ETF XHB, -3.67% dove 3.4% with all 35 components falling, to underperform the S&P 500's SPX, -2.09% 2.1% slide.

Home builder stocks suffer unanimous selloff after disappointing new home sales data

PHOENIX--(BUSINESS WIRE)--In an emotional surprise reveal event, United States Army Sergeant William McCoy learned that he will be the recipient of a brand-new mortgage-free Centex home, awarded through PulteGroup's Built to Honor® program. Welcomed by more than 75 PulteGroup employees, first responders and local veteran organizations, the McCoy family broke ground on their future home in Maricopa's Santa Rosa Crossing community. “We are thrilled to make the dream of homeownership a reality for

Decorated U.S. Army Veteran Surprised with a New Mortgage-Free Centex Home in Arizona Through PulteGroup's Built to Honor® Program

BOCA RATON, Fla., May 9, 2022 /PRNewswire/ -- The Pulte Family would like to commend Richard Dreiling, Lead Independent Director of Lowe's Home Improvement (NYSE:LOW) and Executive Chairman of Dollar Tree (NYSE:DLTR), for his service on the independent Board of Directors for PulteGroup, Inc. (NYSE:PHM) where he served as chair of nominating and governance for a period of time.

The Pulte Family Commends Outgoing PulteGroup (NYSE:PHM) Director Richard Dreiling

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), will present at the J.P. Morgan Homebuilding & Building Products Conference on Monday, May 16, 2022, at 8:15 a.m. (ET). Interested investors can access the webcast of PulteGroup's presentation by logging onto the Company's website at pultegroup.com and selecting the Events & Presentations link under the Investor Relations tab. Participants are encouraged to log on at least five minutes prior to the start of the presentation. About

PulteGroup's Presentation at the J.P. Morgan Homebuilding & Building Products Conference to be Webcast Live

ATLANTA--(BUSINESS WIRE)--After nearly a decade of giving back to our nation's military heroes, national homebuilder PulteGroup's Built to Honor® program is proud to announce the construction of its milestone 75th mortgage-free home. Awarded to United States Army Sergeant David Speights, PulteGroup will break ground on the family's new home in Dallas, Texas this week, as the Company marks the start of Military Appreciation Month. “Our company's Built to Honor program, that began in 2011 with a

PulteGroup's Built to Honor® Program Celebrates Military Appreciation Month with Milestone 75th Mortgage-Free Home for Injured U.S. Army Veteran in Dallas

The sharp rise in home prices and new home sales over the past two years is due to a record housing shortage. There is little evidence that the housing boom was due to debt-driven excess demand.

PulteGroup: Buy. Housing Is In A Bullish Shortage, Not A Bearish Bubble

Why we're recommending Pulte again? Because the thesis behind Pulte has only grown stronger!

PulteGroup Is A Table Pounding Strong Buy

BOCA RATON, Fla. , April 29, 2022 /PRNewswire/ -- The Pulte Family, known in homebuilding and for Bill Pulte's experience inside of PulteGroup (NYSE: PHM), has made an exciting housing investment in OpenDoor worth $2.45 million.

The Pulte Family Discloses $2.4 Million Stake in OpenDoor (NASDAQ:OPEN)

PulteGroup Inc (NYSE: PHM) reported first-quarter FY22 total revenue growth of 16.8% year-over-year to $3.19 billion, beating the consensus of $3.07 billion. Home sale revenues $3.1 billion (+18%) and Financial Services revenue $84.14 million (-20.7% Y/Y).

PulteGroup Stock Gains On Q1 Beat, Registers 18% Home Sale Revenue Growth

PulteGroup, Inc. (NYSE:PHM ) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Jim Zeumer - Vice President, Investor Relations and Corporate Communications Ryan Marshall - President and CEO Bob O'Shaughnessy - Executive Vice President and CFO Jim Ossowski - Senior Vice President, Finance. Conference Call Participants Ashley Kim - Barclays Alan Ratner - Zelman & Associates Mike Dahl - RBC Capital Markets Mike Rehaut - JPMorgan Rafe Jadrosich - Bank of America Truman Patterson - Wolfe Research John Lovallo - UBS Stephen Kim - Evercore ISI Deepa Raghavan - Wells Fargo Securities Carl Reichardt - BTIG Operator Good morning.

PulteGroup, Inc.'s (PHM) CEO Ryan Marshall on Q1 2022 Results - Earnings Call Transcript

PulteGroup's (PHM) Q1 results benefit from higher demand and solid operating leverage.

PulteGroup (PHM) Q1 Earnings, Revenues Beat on Higher Pricing

PulteGroup (PHM) delivered earnings and revenue surprises of 7.65% and 4.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

PulteGroup (PHM) Q1 Earnings and Revenues Beat Estimates

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its first quarter ended March 31, 2022. For the quarter, the Company reported net income of $455 million, or $1.83 per share. In the prior year, the Company reported net income of $304 million, or $1.13 per share, and adjusted net income of $343 million, or $1.28 per share. Adjusted net income for the prior year period excludes a pre-tax charge of $61 million associated with a cash tender for $300 milli

PulteGroup, Inc. Reports First Quarter 2022 Financial Results

Higher operating leverage and average selling prices are likely aid PulteGroup's (PHM) Q1 results.

High Homebuilding Pricing to Aid PulteGroup (PHM) Q1 Earnings

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