PulteGroup's Q4 Net New Orders Increased 57% to 6,214 Homes
PulteGroup -3.21%
PulteGroup PHM | 144.26 | -3.21% |
Net new orders in the fourth quarter increased 57% over the prior year to 6,214 homes, while the dollar value of these orders increased 56% to $3.4 billion. The increase in net new orders reflects both an improved selling environment and a decrease in cancelations. Cancelations in the quarter were 9% of starting backlog, down from 11% in the comparable prior year period.