PHM News and Press, PulteGroup Inc. From 10/19/22

Summary With the latest index value of 38, the NAHB/Wells Fargo Housing Market Index is now nearly where it had been in May 2020 during the lockdown and below where it had been in February 2007, on the way down into Housing Bust 1. Traffic is a sign of interest among potential hom...

Summary D.R. Horton, Inc. is our favorite deep-value pick for a medium-to-long-term investment horizon. For more diversification, investors may consider adding homebuilder ETFs. Besides favorable international migration trends that could boost U.S demographics as a whole, domestic...

Summary With mortgage rates running higher unabated and mortgage demand decimated, homebuilder sentiment has continued to tank. As for the technical picture of homebuilder stocks, recent declines have been a bit healthier than the broader market. While homebuilder stocks have ...

Aurora’s Hilltop at Inspiration Set for Spring 2023 Opening Pulte Homes, one of the nation’s largest homebuilders, continues its expansion in Denver with its first active adult community in the market, Hilltop at Inspiration . Part of an age restricted, mas...

Summary The 30-year fixed mortgage has surged from 3% earlier this year to over 7% as of the last reading. Housing prices are now falling at a similar pace to 2008. At the beginning of the year, a couple with a $100,000 annual income could buy a house worth $721,000 at a stand...

Active Adult Community in Fulshear Grand Opens October 8 th Del Webb, the nation’s leading builder of active adult communities for those 55 and older, will grand open its newest community Del Webb Fulshear on Saturday, October 8 th . Located in the growing...

Summary Shares of homebuilder Green Brick Partners, Inc. have retreated 30% since mid-August 2022 as interest rate concerns and analyst downgrades have played a role. The company’s 2Q22 earnings report was outstanding, but cancellations increased throughout the quarter and ...

Summary PulteGroup, Inc. has been accused of overpaying executives; however, my analysis shows that Pulte’s CEO pay is in line with peers. On corporate governance overall, PulteGroup can improve by increasing transparency and insider ownership, whilst slimming the board. ...

The Company Ranks #32 on the List by Fortune and Great Place to Work® PulteGroup, Inc. (NYSE: PHM) today announced its recognition among the Best Workplaces for Women™ by Fortune and Great Place to Work®. This is PulteGroup’s third consecutive...

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...