PulteGroup Reported Net New Orders For 7,031 Homes In Q3, Backlog Of 12,089 Homes Was Valued At $7.7B
Portfolio Pulse from Benzinga Newsdesk
PulteGroup reported net new orders for 7,031 homes in Q3, with a backlog of 12,089 homes valued at $7.7 billion. The value of net new orders increased by 3% over last year, and the average community count rose by 4%.
October 22, 2024 | 10:34 am
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PulteGroup's Q3 results show stable net new orders and a 3% increase in order value, with a strong backlog of 12,089 homes valued at $7.7 billion. The average community count increased by 4%.
The stable net new orders and increase in order value indicate strong demand and operational performance. The increase in community count suggests growth potential, which is positive for PulteGroup's stock price.
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