trending Market Intelligence /marketintelligence/en/news-insights/trending/4HXIjmZ7xa92iUYbkz7QNw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

PulteGroup reports 21% YOY increase in Q4 home sale revenue

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


PulteGroup reports 21% YOY increase in Q4 home sale revenue

PulteGroup Inc. reported net income of $273.2 million, or 83 cents per share, for the fourth quarter of 2016, up from $228 million, or 64 cents per share in the year-ago period.

The S&P Capital IQ consensus estimate for EPS for the fourth quarter of 2016 was 59 cents.

The homebuilder noted that its results included 16 cents per share of insurance and income tax benefits, compared to the year-ago benefits of 7 cents per share associated with the reversal of certain mortgage and insurance reserves.

Home sale revenue for the quarter came in at $2.42 billion, marking a 21% increase from year-ago revenue of approximately $2 billion. The rise in home sale revenue was attributed to a 9% increase in closings to 6,197 homes, along with an 11% increase in average selling price to $391,000.

The company had a year-end backlog of 7,422 homes valued at $2.94 billion, up from the previous year-end backlog of 6,731 homes valued at $2.46 billion. The average selling price in backlog rose 9% from the previous year to $396,000.

Net new orders in the fourth quarter increased 15% year over year to 4,202 homes, and the dollar value of fourth-quarter orders jumped 22% on the year to $1.67 billion.

The company was active in 726 communities at 2016-end, marking a 17% increase from the corresponding year-ago period.