Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Uncategorized

Pulte Homes Rebrands to PulteGroup

Pulte Homes (PHM) changed its name to PulteGroup as part of an overall rebanding effort by the Bloomfield Hills, Mich.-based homebuilder. The PulteGroup national homebuilding brands include Centex, Del Webb and Pulte Homes and the company has regional brands with DiVosta Homes in Florida and Fox & Jacobs in Texas. Each PulteGroup division targets different homebuyer segments — Centex caters to entry-level housing, Pulte Homes sells move-up homes and Del Webb targets adults age 55 and older. The company also operates a mortgage banking division, Pulte Mortgage, originating loans to its new home customers that it sells to Fannie Mae (FNM) and Freddie Mac (FRE). “The PulteGroup name is part of our strategic initiative to increase our brand recognition within our targeted market segments,” said PulteGroup chairman, president and CEO Richard Dugas, Jr. “We are separating the corporate function from the consumer-facing brand names. The PulteGroup umbrella creates a house of brands model — a first in homebuilding — allowing us to emphasize the names of our homebuilding brands in the marketplace,” he added. Pulte shareholders approved the new name in August 2009, concurrent with the closing of the Pulte-Centex merger. Since the merger, Pulte recorded losses of $361.4m in Q309 and $117m in Q409. In February, company founder William “Bill” Pulte, resigned from the Pulte board of directors. Write to Austin Kilgore. The author held no relevant investments.

Most Popular Articles

Better.com lays off LOs, secures $750M cash injection

Digital mortgage lender Better.com is laying off 9% of its workforce ahead of a $750 million cash injection from financial backer SoftBank Group.

Dec 01, 2021 By

Latest Articles

What Omicron, bond market and jobs mean for housing

We often have two to three job reports per year that miss estimates badly. However, remember that we have over 10 million job openings.

Dec 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please