Edition:
India

PulteGroup Says Getting Enough Building Permits During Pandemic Has Been A Problem - Conf Call


Thursday, 22 Oct 2020 

Oct 22 (Reuters) - PulteGroup Inc ::PULTEGROUP SAYS RAISING 2020 HOME DELIVERIES OUTLOOK - CONF CALL.PULTEGROUP SAYS Q4 DELIVERIES TO FEEL THE IMPACT OF HIGHER LUMBER COSTS - CONF CALL.PULTEGROUP SAYS HAS TAKEN THE OPPORTUNITY TO RAISE PRICES ACROSS MOST OF ITS COMMUNITIES GIVEN THE POSITIVE SUPPLY AND DEMAND ENVIRONMENT.PULTEGROUP SAYS NOW EXPECT 2020 HOMES DELIVERIES BETWEEN 24350-24650 HOMES.PULTEGROUP SAYS EXPECTS Q4 HOME DELIVERIES BETWEEN 6600 AND 6900 UNITS.PULTEGROUP SAYS HAS REINSTATED ITS SHARE REPURCHASE PROGRAM BEGINNING IN THE FOURTH QUARTER.PULTEGROUP CEO SAYS Q3 ORDER PACE CONTINUES TO BE STRONG IN EARLY WEEKS OF OCTOBER.PULTEGROUP SAYS EXPECTS Q4 AVERAGE CLOSING PRICE BETWEEN $440,000 AND $450,000 PER HOME.PULTEGROUP SAYS SEPTEMBER ORDERS WERE MODESTLY HURT DUE TO ACTIONS TAKEN TO MANAGE PROJECTED HOME PRODUCTION WITH A VIEW TOWARDS MEETING CUSTOMER EXPECTATIONS.PULTEGROUP SAYS EXPECT Q4 GROSS MARGIN TO BE CONSISTENT WITH THE 24.5% IN Q3.PULTEGROUP SAYS HAS REINSTATED NEARLY ALL THE EMPLOYEES CO FURLOUGHED.PULTEGROUP SAYS LABOR IS TIGHT HEADING INTO 2021.PULTEGROUP SAYS ONE OF THE PROBLEMS IN STARTING MORE SPECS HAS BEEN GETTING BUILDING PERMITS FROM MUNICIPALITIES DURING CORONAVIRUS CRISIS.