PHM News and Press, PulteGroup Inc. From 09/09/22

Summary One of the best-performing property sectors over the past quarter, Single-Family Rental ("SFR") REITs have been beneficiaries of surging mortgage rates, which made renting single-family homes a relative bargain. Single-family rents rose at the fastest pace on record throug...

Summary MDC is not your average homebuilder. It pays a 6.6%-yielding dividend that has not been cut or reduced once since 1994. MDC operates with a large cash position that acts as a buffer against difficult periods and dry powder for periods of high opportunity. Millennials (...

PulteGroup ranked third for the second year in a row PulteGroup, Inc. (NYSE: PHM) today announced its recognition on the 2022 PEOPLE Companies that Care® list by Great Place to Work® and PEOPLE magazine. This year the company ranked third among the top 100 ...

Summary NVR is a textbook example of excellent capital allocation, consistently earning a 20%+ ROIC on a growing capital base. NVR has reduced their share count by 75% since going public, increasing EPS four-fold on top of organic earnings growth. NVR is undervalued in the cur...

Summary Sales of new single-family houses collapsed by 12.6% in July from the already beaten-down levels in June, and by nearly 30% from July last year, to a seasonally adjusted annual rate of 511,000 houses. Inventory for sale in all stages of construction jumped to 464,000 house...

At 7 times earnings (based on fiscal year 2021), D.R. Horton's stock is cheap. DHI's most recent earnings show net income increased 53%. Company has a healthy backlog in sales orders. Recession remains a short-term risk that could significantly impact DHI's business. Price...

The confidence of builders of single-family houses, after the second-biggest plunge in the data last month, fell again in August. Traffic is an indication of interest by buyers. And with the headwinds buyers face, including sky-high prices and 5%+ mortgage rates, they’ve lost i...

Those looking for a deep value “contrarian play” need not look much further than the homebuilders, which are perhaps the most unloved industry group across the entire equity market. This sharply bearish sentiment comes on the heels of a historically strong year of operat...

Wedbush analyst Jay McCanless downgraded Lennar ( NYSE: LEN ) on Friday to Neutral from Outperform after the homebuilder's stock has reached within 5% of the analyst's $88 price target, and sees no reason to increase the target. Lennar ( LEN ) shares, which closed Thursd...

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...