PulteGroup (PHM) Began Construction on Del Webb Lost Pines

PulteGroup, Inc. (NYSE:PHM) is one of the Undervalued Cyclical Stocks to Buy According to Hedge Funds. On August 7, PulteGroup, Inc. (NYSE:PHM) announced that it has begun construction on Del Webb Lost Pines, which is the first 55+ active adult community in the Austin area in over thirty years.

Management noted that the community will offer over 500 homes on 160 acres and targets the growing retiree market in Texas, which now ranks as the top state for retirees. The first phase of this project includes 260 homes with sales and opening expected in early 2026.

The houses are expected to follow single-story layouts, open floor plans, and energy-efficient designs. Management highlighted that the goal is to provide wellness-focused living for adults seeking health and social connections.

PulteGroup, Inc. (NYSE:PHM) is a leading homebuilder in the United States that develops and constructs residential properties across six regional segments.

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Disclosure: None. This article is originally published at Insider Monkey.