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Del Webb Opens Highly Sought-After Active Adult Community in Cleveland

1. Del Webb opened Hickory Greens, selling 50 homes in the first month. 2. The community targets active adults, indicating strong housing demand.

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FAQ

Why Bullish?

The successful launch and strong sales at Hickory Greens indicate robust demand for active adult housing. Historical trends show that similar new developments boost builder stocks like PHM.

How important is it?

The opening of a successful active adult community is strategically important to PHM's segment focus and growth potential. Successful sales early-on can catalyze positive investor sentiment and influence future earnings forecasts.

Why Short Term?

Sales momentum from new projects often impacts stock prices quickly, as seen with previous launches by PHM. This immediate consumer interest can lead to improved quarterly forecasts.

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LENDHITOL
CLEVELAND--(BUSINESS WIRE)--Del Webb, the nation's leading builder of active adult communities for those 55 and older, announced today the successful opening of Del Webb Hickory Greens. Located in Columbia Township just southwest of Cleveland, Del Webb Hickory Greens offers a vibrant lifestyle for active adults seeking a low-maintenance, amenity-rich community in the Midwest. Within the first 30 days of opening Del Webb Hickory Greens, 50 homes were already sold in this sought-after community.

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