PHM News and Press, PulteGroup Inc. From 08/11/22

New listings of U.S. homes fell the most since the depths of the Covid-19 pandemic in 2020 as sellers respond to deteriorating buying demand amid higher mortgage rates. Specifically, new listings dipped 12% from a year ago during the four weeks ended August 7, the sharpest decline s...

30-year fixed-rate mortgage bounced back to above 5% levels to average at 5.22% with an average 0.7 point for the week ending Aug.11, up from last week when it averaged 4.99%. it is significantly still higher than the rate of 2.87% a year ago, according to the Freddie Mac Primary Mortga...

Construction Underway for The Carriage House Del Webb, the nation’s leading builder of active adult communities for those 55 and older, today announced Kimblewick by Del Webb ’s highly anticipated clubhouse and amenity center, known as The Carriage House, w...

This bear market probably isn't over, but even if the market has bottomed, it's always and forever a market of stocks, not a stock market. LNC and PHM are two incredible dividend blue chips trading at 5X earnings, priced as if we were already in a severe recessionary bear market low. ...

The pandemic-era housing market could very well go down in history as one of the biggest housing bubbles ever. A perfect storm of mass psychology and misguided government policies drove prices up to the stratosphere. Now that crazy government policies supporting the housing market...

30-year fixed-rate mortgage averaged 4.99% with an average 0.8 point for the week ending Aug.4, down from last week when it averaged 5.30%. it is significantly still higher than the rate of 2.77% a year ago, according to the Freddie Mac Primary Mortgage Survey. This clea...

Kensington Ridge by Del Webb Opening Spring 2023 Del Webb , the nation’s leading builder of active adult communities for those 55 and older, today announced its newest community in southeast Michigan, Kensington Ridge by Del Webb . Grand opening in spring 2023...

We're approaching the halfway point of another newsworthy real estate earnings season with roughly 55 equity REITs representing 50% of the total market capitalization having reported results. Among the 43 REITs that have provided full-year Funds From Operations ("FFO") guidance, 30 RE...

30-year fixed-rate mortgage averaged 5.30% with an average 0.8 point for the week ending July 28, down from last week when it averaged 5.54% and higher than 2.80% a year ago, according to the Freddie Mac Primary Mortgage Survey . 15-year fixed-rate mortgage averaged 4.58% with...

Yes, housing has headed into a recession because of affordability issues and a weakening economy. But Pulte has proven to be an excellent operator and a great manager of investors' cash. Current earnings are strong - a record Q2 EPS of $2.73 and about $10 over. Long-term new h...