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Recent Updates — PHM

August 12, 2026View Source ↗

PulteGroup's wholly-owned subsidiary, Pulte Mortgage LLC, entered into a Master Repurchase Agreement with Truist Bank on August 11, 2026. This agreement establishes a financing facility to support the origination of mortgage loans by Pulte Mortgage. The arrangement provides for a maximum aggregate commitment of $625 million, subject to certain sublimits. The agreement expires on the earlier of August 10, 2027, or when buyer commitments are terminated. This transaction creates a direct financial obligation for the registrant. PulteGroup operates in the homebuilding industry, constructing and selling residential properties.

July 22, 2026View Source ↗

PulteGroup reported second quarter 2026 net income of $472 million, or $2.48 per share, compared to $608 million or $3.03 per share in the prior year. Home sale revenues decreased 11% to $3.8 billion, while net new orders increased 6% to 7,536 homes. The company repurchased 3.1 million shares for $373 million during the quarter and declared a quarterly dividend of $0.26 per share. PulteGroup is a large homebuilding company operating in more than 45 US markets.