PulteGroup, Inc. announced net income of $913 million, or $4.43 per share, for the fourth quarter ended December 31, 2024. This includes a pre-tax insurance benefit of $255 million, or $0.93 per share.
Home sale revenues increased 13% over the prior year to $4.7 billion, driven by a 6% increase in closings to 8,103 homes. The average selling price of homes closed rose 6% to $581,000.
For the full year 2024, PulteGroup generated nearly $18 billion in revenues and net income of $3.1 billion, achieving a return on equity of 27.5%. The company invested $5.3 billion into its business and returned $1.4 billion to shareholders through stock repurchases and dividends.
Net new orders for the fourth quarter were 6,167 homes, consistent with the prior year, with a value of $3.5 billion, an increase of 4%. Financial Services operations generated pre-tax income of $51 million, up 16% from the prior year.
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