PulteGroup (PHM) Expands Florida Footprint via Strategic Par…

PulteGroup, Inc. (NYSE:PHM) is one of the 11 Best Stocks You’ll Wish You Bought Sooner.

On March 5, 2026, The St. Joe Company (JOE) announced the establishment of a new strategic partnership with PulteGroup, Inc. (NYSE:PHM), the nation’s third-largest homebuilder. The collaboration aims to develop over 1,300 homesites in Bay County, Florida. The project features two gated communities within the Pigeon Creek area, with options to expand to 2,653 total units. The partnership with The St. Joe Company marks PulteGroup, Inc. (NYSE:PHM)’s first entry into Northwest Florida. Justin Cook, President for the Northeast Florida Division, PulteGroup, Inc. (NYSE:PHM), gave the following statement:

The location aligns perfectly with our portfolio of consumer-inspired designs.

Separately, on March 4, 2026, Truist initiated coverage on PulteGroup, Inc. (NYSE:PHM) with a Buy rating and a price target of $170. The firm forecasts 2026 as a bottom year for industry margins and demand. However, the firm’s analyst expects significant earnings growth in 2027. Truist believes that the market is currently mispricing PulteGroup, Inc. (NYSE:PHM)’s long-term profitability.

Founded in 1950, PulteGroup, Inc. (NYSE:PHM) is one of the largest U.S. homebuilders, operating under brands like Pulte, Del Webb, and Centex. The Georgia-based company provides various residential solutions including entry-level housing to active-adult homebuyers.

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While we acknowledge the risk and potential of PHM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PHM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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