PulteGroup Nominates Benjamin Schall for Independent Director
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
PulteGroup (PHM) announced the nomination of Benjamin Schall for election as a new independent director to its Board of Directors. Mr. Schall is CEO and President of AvalonBay Communities Inc. (AVB), a leading multifamily real estate investment trust. Mr. Schall's appointment would be effective immediately if elected by PulteGroup shareholders at its annual meeting scheduled for April 29, 2026.
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Analyst Views on PHM
Wall Street analysts forecast PHM stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 117.850
Low
111.00
Averages
138.73
High
159.00
Current: 117.850
Low
111.00
Averages
138.73
High
159.00
About PHM
PulteGroup, Inc. is a homebuilder in the United States. The Company's segments include Homebuilding and Financial Services. Its Homebuilding operations involve acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land. Its financial services business segment includes mortgage banking, title, and insurance agency operations, through Pulte Mortgage LLC (Pulte Mortgage) and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans primarily for the benefit of its homebuyers. Its Homebuilding operations are aggregated into six segments: Northeast, Southeast, Florida, Midwest, Texas and West. The Company, through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, offers a variety of home designs with varying levels of options and amenities to its customer groups.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Significant Sales Decline: According to the U.S. Census Bureau, new home sales dropped 17.6% month-over-month in January, reaching an annualized pace of 587,000 units, marking the slowest rate since 2022 and indicating a weakening market demand.
- Inventory Surge: The inventory of homes for sale rose to a 9.7-month supply, up from eight months in December, reflecting a supply-demand imbalance that could lead to further price declines in the housing market.
- Price Reduction Trend: The median price of new homes sold in January was $400,500, a 6.8% year-over-year decline, indicating that builders are forced to lower prices to attract buyers amid fierce competition, which may impact future profit margins.
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