Investing.com - PulteGroup (NYSE:PHM) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. PulteGroup...
PulteGroup (PHM): Q2 Non-GAAP EPS of $1.72 misses by $0.01; GAAP EPS of $1.90 beats by $0.17.Revenue of $3.36B (+29.7% Y/Y) misses by $140M.Backlog value increased 70% to $9.8B vs
US housing data on Building Permits, Housing Starts and Existing Home Sales typically get significant investor attention. According to the residential construction statistics...
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, 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, 2020, the company controlled 180,352 lots, of which 91,363 were owned and 88,989 were under land option agreements. It also 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. PulteGroup, Inc. has a strategic relationship with Invitation Homes Inc. The company was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.