A major American homebuilder, PulteGroup builds houses under brands like Pulte Homes, Centex, and Del Webb, serving everyone from first-time buyers to retirees in 55-and-over communities. It grew out of a single house built by 18-year-old Bill Pulte on Detroit's east side in 1950. The company took its name from its founder and even shares its name with his family's charitable foundation.
Pulte Mortgage enters $625M master repurchase agreement with Truist Bank to finance mortgage loan origination
Pulte Mortgage LLC, a wholly-owned subsidiary of PulteGroup, Inc., entered into a Master Repurchase Agreement dated August 11, 2026.
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Truist Bank acts as Agent and a Buyer under the agreement, with other Buyers party to it.
The agreement provides a maximum aggregate commitment of $625 million, subject to certain sublimits.
The Repurchase Agreement expires on the earlier of August 10, 2027, or termination of commitments.
The purpose is to finance the origination of mortgage loans by Pulte Mortgage.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
PulteGroup Q2 2026 EPS $2.48, home sale revenues $3.8B, down 11% YoY
Q2 2026 net income was $472 million, or $2.48 per diluted share, down from $608 million, or $3.03 per share, in Q2 2025.
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Home sale revenues fell 11% year over year to $3.8 billion, with closings down 8% to 6,997 homes and average sales price down 3% to $544,000.
Home sale gross margin was 25.0%, up 60 basis points sequentially from Q1 2026 but down from 27.0% in Q2 2025.
Net new orders rose 6% to 7,536 homes, with order value up 5% to $4.1 billion; unit backlog increased 2% to 10,966 homes valued at $6.8 billion.
The company repurchased 3.1 million shares for $373 million in Q2 2026 and ended the quarter with $1.4 billion in cash and a debt-to-capital ratio of 12.3%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
PulteGroup shareholders elect 11 directors and approve Ernst & Young ratification and say-on-pay at 2026 annual meeting.
PulteGroup held its 2026 Annual Meeting of Shareholders on April 29, 2026, with 174,052,310 common shares present or represented by proxy.
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All 11 director nominees were elected, each serving until the 2027 annual meeting; votes ranged from 138.8 million (Bryce Blair) to 162.6 million (Benjamin W. Schall) in favor.
Shareholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for 2026, with 163,430,029 votes for and 10,589,503 against.
The advisory say-on-pay proposal to approve executive compensation passed with 154,713,075 votes for, 7,749,873 against, and 295,881 abstentions.
The report was filed under Item 5.07 to disclose the voting results of these shareholder matters.
5.07 Submission of Matters to a Vote of Security Holders
PulteGroup completes $800M offering of senior notes due 2031 and 2036
The notes are senior unsecured obligations guaranteed by PulteGroup's wholly-owned U.S. subsidiaries that guarantee its revolving credit facility.
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PulteGroup issued $400.0 million of 4.250% Senior Notes due 2031 and $400.0 million of 4.900% Senior Notes due 2036 in an underwritten public offering.
Interest on both series is payable semi-annually on March 1 and September 1, beginning September 1, 2026.
The notes are redeemable at make-whole prices before their respective par call dates (Feb 1, 2031 for 2031 notes; Dec 1, 2035 for 2036 notes) and at par plus accrued interest thereafter.
A change of control triggering event would require PulteGroup to offer to repurchase the notes at 101% of principal plus accrued interest.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
PulteGroup prices $800M senior notes offering and calls $337.3M of 2027 notes
PulteGroup entered an underwriting agreement on Feb 10, 2026 to issue $800.0M senior unsecured notes: $400.0M of 4.250% notes due 2031 and $400.0M of 4.900% notes due 2036.
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The offering is expected to close on Feb 20, 2026, subject to customary conditions.
On Feb 11, 2026, PulteGroup gave notice to redeem all $337.3M outstanding of its 5.000% Senior Notes due 2027 on March 13, 2026.
The 2027 notes will be redeemed at 100% of principal plus a make-whole premium and accrued interest to the redemption date.
A portion of the net proceeds from the new notes will fund the redemption of the 2027 notes.
The underwriters are J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., and U.S. Bancorp Investments, Inc.
8.01 Other Events · 9.01 Financial Statements and Exhibits
PulteGroup appoints Kristin Gannon to its Board of Directors, effective February 10, 2026
The Board increased its size to 11 members to accommodate her appointment.
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Kristin Gannon was appointed as a new independent director to PulteGroup's Board, effective February 10, 2026.
Ms. Gannon will serve on the Audit Committee and the Nominating and Governance Committee.
She is a Managing Director at Eastdil Secured and has advised on over $150 billion in real estate transactions.
As a non-employee director, she will receive compensation as described in the 2024 Director Compensation section of the proxy statement, prorated from her appointment date.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits