1057 ET - PulteGroup is changing its approach to spec builds. The Atlanta home builder ended the year with 16,439 homes in production. It adds that about 53% of its production is spec, including 1,862 finished spec builds. CFO Bob O'Shaughnessy on an earnings call says the company will reduce its pace of spec starts in communities with higher spec inventory levels to better match local selling conditions and help reduce standing inventory, depending on if the spring selling season trends toward lower absorptions. PulteGroup's goal is to reduce its spec inventory back down to 40% to 45% of its total production by the end of the year. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
January 30, 2025 10:57 ET (15:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。