Discontinued — last reported Q3 '24
Business Segments · Raw land
Homebuilding — Raw land
Pultegroup Homebuilding — Raw land increased by 17.4% to $502.49M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 12.4%, from $573.73M to $502.49M.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ3 2024Oct 22, 2024
How to read this metric
An increase indicates aggressive land banking for long-term expansion, whereas a decrease may signal a shift toward capital efficiency or land-light strategies.
Detailed definition
Represents undeveloped land parcels held by the company for future residential development. This inventory serves as the...
Peer comparison
Standard industry metric for land-banking activities among large-scale homebuilders.
Metric ID:
phm_segment_homebuilding_raw_landHistorical Data
8 periods
| Q4 '21 | Q4 '22 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|
| Value | $731.25M | $679.34M | $633.93M | $573.73M | $606.01M | $546.22M | $428.01M | $502.49M |
| QoQ Change | — | -7.1% | -6.7% | -9.5% | +5.6% | -9.9% | -21.6% | +17.4% |
| YoY Change | — | -7.1% | — | — | -10.8% | — | -32.5% | -12.4% |
Range$428.01M – $731.25M
CAGR-19.3%
Avg YoY Growth-15.7%
Median YoY Growth-11.6%
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Frequently Asked Questions
- What is Pultegroup's homebuilding — raw land?
- Pultegroup (PHM) reported homebuilding — raw land of $502.49M in Q3 2024.
- How has Pultegroup's homebuilding — raw land changed year-over-year?
- Pultegroup's homebuilding — raw land decreased by 12.4% year-over-year, from $573.73M to $502.49M.
- What does homebuilding — raw land mean?
- Undeveloped land held for future residential projects.