PulteGroup Stock News

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has voted to increase the Company's quarterly cash dividend by 10% to $0.22 per common share. The increase will be effective with the Company's next scheduled dividend, which is payable January 3, 2025, to shareholders of record at the close of business on December 17, 2024. “Today's action marks ...

ATLANTA--(BUSINESS WIRE)--Leading into Veterans Day, PulteGroup (NYSE: PHM) is announcing three home dedication ceremonies through its Built to Honor® program. These ceremonies bring the company closer to its milestone of awarding 100 mortgage-free homes to wounded veterans and their families over the past decade-plus. The three dedication ceremonies, taking place Nov. 11-14, will honor veteran...

The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. Housing stocks reacted in turn, with both the big public builders and building material companies falling sharply.

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has gained about 23% year-to-date. This is roughly in line with the S&P 500, which has gained about 22% over the same period.

The homebuilding sector is facing pressure today, after D.R.

GM defied expectations this earnings season by offsetting EV headwinds and labor costs with higher vehicle pricing, signaling strong profit potential despite broader industry challenges. Homebuilders like Pulte have thrived post-COVID by leveraging mortgage incentives and steady pricing, maintaining growth even as higher interest rates strain the housing market. Polaris, once buoyed by pandemic...

Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise.

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) has been selected by Great Place To Work® and Fortune magazine as one of the 2024 Fortune Best Workplaces for Women™ for the fifth consecutive year. The national homebuilder earned the #20 spot among companies nationwide. “We're incredibly proud that women continue to see PulteGroup as a place to thrive,” said PulteGroup President and CEO R...