Del Webb announced the opening of its newest community, Del Webb Desert Retreat, in Indio, California, with a grand‑opening event scheduled for Saturday, November 15, 2025. The development will feature ten GenYou model homes ranging from 1,444 to 2,722 square feet, each with 2–3 bedrooms and 2–2½ bathrooms, and a starting price of $439,990. Residents will have access to resort‑style amenities that include a lakeside setting, walking paths, multiple sports courts, a putting green, a clubhouse, a pool, a Jacuzzi, a fitness center, an indoor golf simulator, and a food‑and‑beverage bar.
The opening marks Del Webb’s return to the Palm Springs desert region after the closure of its Rancho Mirage community, underscoring PulteGroup’s strategy to strengthen its Southern California presence and capitalize on the growing 55‑plus active‑adult market, which benefits from strong demographic tailwinds.
PulteGroup’s Q3 2025 results provide important context for the new community. The company reported revenue of $4.4 billion, beating consensus estimates of $4.31 billion by $0.09 billion. Earnings per share of $2.96 surpassed expectations of $2.90 by $0.06. Revenue growth was driven by a 3 % increase in average sales price to $564,000, while closings fell 5 % to 7,529 homes, a decline offset by higher pricing. Net income dropped to $586 million from $698 million year‑over‑year, reflecting weaker consumer confidence and affordability challenges. Home‑sale gross margin contracted to 26.2 % from 28.8 % in Q3 2024, driven by increased incentives and rising construction costs.
CEO Ryan Marshall emphasized that PulteGroup remains disciplined, managing production volumes and capital allocation while executing its operating model to drive high returns. He noted that lower interest rates are encouraging, but weaker consumer confidence and affordability challenges continue to impact buyer demand. President Norman Brown highlighted the significance of the new community as a meaningful return to the region, reinforcing Del Webb’s portfolio of resort‑style active‑adult communities.
Investors reacted with a muted response; the stock edged up 0.19 % in pre‑market trading after the earnings beat, reflecting concerns over margin compression and net income decline despite the earnings and revenue beat.
Strategically, the new community adds a high‑quality, ready‑to‑move‑in option for 55‑plus buyers, reinforcing Del Webb’s portfolio and supporting PulteGroup’s diversified brand strategy. The Q3 earnings beat, coupled with margin compression, signals that while the company can still generate earnings, it faces headwinds that may temper future growth. PulteGroup maintains guidance for Q3 and Q4 gross margins of 26 %–26.5 % and continues to focus on cost discipline.
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