PulteGroup Inc

Strong Financial Performance: PulteGroup reported record home sale revenues of $17.3 billion for 2024, a 9% increase year-over-year (YoY). Home closings also rose by 9%, totaling 31,219 homes. The company maintained industry-leading gross margins at 28.9%.

Guidance and Outlook: For 2025, PulteGroup anticipates approximately 31,000 closings, with first-quarter closings expected to be between 6,400 and 6,800. Gross margins for Q1 are projected to be around 27%, with subsequent quarters expected to remain consistent within a range of 26.5% to 27%.

Challenges and Market Dynamics: The company expressed concerns regarding affordability challenges facing homebuyers, particularly due to fluctuating mortgage rates and high living costs. This contributed to a slight decline in net new orders, which decreased 1% in Q4, alongside a higher cancellation rate.