PHM News and Press, PulteGroup Inc. From 09/24/22

Summary PulteGroup and the rest of the homebuilding sector have been trading at mouth-watering low P/Es in recent months. The housing market is slowing down as investors don't think the current pace of new construction is sustainable. Over the longer term, Pulte should be a go...

Summary Housing affordability is tanking amid rising mortgage rates and high home prices. A pair of major homebuilders issue Q3 results Wednesday night. The options market prices in a 7.5% stock price move post-earnings for KB Home. While its valuation is very inexpensive,...

Real estate stocks are coming under pressure as traders expect the Federal Reserve to push up its policy rate by another 75 basis points, for the third meeting in a row. That would increase mortgage rates, hurting the affordability of homes for more consumers. Among the S&P 500,...

PulteGroup ( NYSE: PHM ) hasd declared $0.15/share quarterly dividend , in line with previous. Payable Oct. 4; for shareholders of record Sept. 22; ex-div Sept. 21. See PHM Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Pulte...

Summary Lennar Corporation is due to report financial results covering the third quarter of its 2022 fiscal year. This will prove to be an important moment for investors given what is going on in this space and it could go a long way to determining the firm's trajectory. LEN s...

KeyBanc Capital Markets analyst Kenneth Zener upgraded seven homebuilder stocks even as higher interest rates make home purchases less affordable for many consumers. "On balance we see fundamental and rate pressures persisting, but positive relative performance, supporting our u...

PulteGroup, Inc. (NYSE: PHM) today announced that it will release its third quarter 2022 financial results before the market opens on Tuesday, October 25, 2022. The Company will hold a conference call to discuss its third quarter results that same day at 8:30 a.m. (ET). A live audio...

Summary Several important housing-related economic data points cross the wires before the Fed's announcement Wednesday. Two important homebuilders report quarterly results, too. A popular, or infamous, homebuilders ETF is stuck in a trading range and may look to revisit its Ju...

Summary 30-year fixed mortgage rates have surged from ~3% at the beginning of the year to 6% now. Real-time indicators show prices falling steadily and inventory rising rapidly, albeit from low levels. The out-of-control COVID housing market bubble is over. Investing...

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...