PulteGroup, Inc. (NYSE: PHM) shares began Monday lower. The company, one of the nation’s largest homebuilders, has acquired approximately 419 acres of land in Pasco County where it will develop the new Explore by Del Webb Verona community.
PulteGroup will break ground on the new community later this month, with plans for 843 homesites and home sales beginning in mid-2027.
This project will transform the site into a resort-inspired lifestyle destination with luxury homes and amenities in a desirable location along the SR-52 corridor — one of the fastest-developing areas in one of the nation's most rapidly growing counties.
Explore by Del Webb Verona will be the latest addition to the new and growing Explore by Del Webb brand, which is designed for homebuyers who are seeking world-class amenities and a vibrant lifestyle as they enter a new chapter of life.
Explore builds on the Del Webb brand’s decades of experience, creating lifestyle-focused communities for active adults.
Nationally, Verona is the fourth community announced under the rapidly growing Explore by Del Webb brand and the second in Florida. Verona follows the successful launch of North River Ranch in Parrish.
PHM shares dropped 99 cents to $136.62.
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