PulteGroup's Q4 Net New Orders Increased 57% to 6,214 Homes
Portfolio Pulse from Benzinga Newsdesk
PulteGroup reported a significant increase in Q4 net new orders, up 57% to 6,214 homes, with the dollar value rising 56% to $3.4 billion. The growth is attributed to an improved selling environment and a reduction in cancellations, which fell to 9% from 11% year-over-year.
January 30, 2024 | 11:34 am
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PulteGroup's Q4 performance indicates strong demand and operational efficiency, with a significant increase in net new orders and a decrease in cancellations.
The reported increase in net new orders and the value of these orders, along with reduced cancellations, suggest a positive market response and operational strength. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in PulteGroup's stock price.
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