PulteGroup's Q4 Net New Orders Increased 57% to 6,214 Homes

PulteGroup +2.53% Post

PulteGroup

PHM

124.80

124.80

+2.53%

0.00% Post

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.

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