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PulteGroup to Build 7,500 Single-Family For-Rent Homes

Pro Builder

PulteGroup to Build 7,500 Single-Family For-Rent Homes. Builder PulteGroup has agreed to construct 7,500 single-family built-for-rent homes over the span of five years for single-family rental company Invitation Homes to purchase. cbroderick. Fri, 07/30/2021 - 09:49. This certainly will reduce risk.

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The Nation’s Largest Builders Are Speeding up Land Purchases, but What Happens if the Market Cools?

Pro Builder

Horton tallied 574,000 lots total—131,200 owned and 442,800 “controlled,” while Lennar and PulteGroup reported totals of 481,102 and 234,532, respectively. A surge in land purchases could benefit the housing market if demand remains high, but if the market cools, land/lot markets may not see the kind of growth they were expecting. .

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Builders, National Organizations Are Axing the Term 'Master Bedroom'

Pro Builder

But some home builders made the switch years ago, such as PulteGroup, according to MarketWatch. Several home builders and national organizations have recently switched their terminology from “master bedroom” to “owner’s suite” amid Black Lives Matter protests, which have heightened awareness for terms with underlying racism.

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Big Builders Pilot Online Home Design and Purchasing Programs

Pro Builder

Builders Taylor Morrison and PulteGroup recently rolled out pilot programs that allows buyers to choose, design, finance, and put their new home right into their shopping carts. Atlanta-based PulteGroup also just launched a similar 100% virtual homebuying program for its customers. . “It That’s 10 times what you would normally see.” .

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As Housing Market Cools, Builders Find Themselves in Hot Water

Pro Builder

PulteGroup, one of the nation’s largest homebuilders, reported its cancelation rate jumped from 15% in the second quarter of this year to 24% in the third. Housing starts for single-family homes dropped nearly 19% year over year in September, according to the U.S. Building permits, which are an indicator of future construction, fell 17%.

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Record Share of Homes on the Market Have Yet to be Constructed

Pro Builder

Horton DHI, -2.02%, Lennar LEN, -2.18% and PulteGroup PHM, -1.86% are selling homes like Boeing BA, -1.74% sells airplanes—with a long lead time. Nearly twice as many listings—81,000, or 26.4%—were were being offered before ground had been broken. What It Means: Builders such as D.R.

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Builders Struggle to Narrow on the Housing Deficit

Pro Builder

PulteGroup, one of the nation’s largest homebuilders, just lowered its Q3 and full-year guidance for home closings, citing supply chain disruptions. It is still not as high as it was just before the housing boom and is actually running at the slowest pace since 1995, according to the U.S.

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