Invitation Homes to purchase ~7,500 new homes from PulteGroup

Jul. 26, 2021 5:10 PM ETPulteGroup, Inc. (PHM), INVHPHM, INVHBy: Preeti Singh, SA News Editor1 Comment
  • Single-family home leasing company Invitation Homes (NYSE:INVH) has signed an agreement to purchase ~7,500 new homes to be built by PulteGroup (NYSE:PHM) over the next five years.
  • The new homes will be designed and built specifically for this partnership. The two have already agreed on the construction and sale of more than 1,000 homes over the next several years, with sales to begin closing in 2022.
  • Initial projects will be located in Florida, Georgia, Southern California, North Carolina and Texas.

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