PHM News and Press, PulteGroup Inc. From 10/26/21

Pultegroup, Inc. (PHM) Q3 2021 Earnings Conference Call October 26, 2021, 08:30 ET Company Participants James Zeumer - VP, IR & Corporate Communications Ryan Marshall - President, CEO & Director Robert O’Shaughnessy - EVP & CFO Conference Call Participants Truman Patterson ...

The following slide deck was published by PulteGroup, Inc. in conjunction with their 2021 Q3 earnings call. For further details see: PulteGroup, Inc. 2021 Q3 - Results - Earnings Call Presentation

Net Income of $1.82 Per Share Up 36% Over Prior Year Adjusted Net Income of $1.34 Per Share Closings Increased 9% to 7,007 Homes Home Sale Revenues Increased 18% to $3.3 Billion Homebuilding Gross Margin Increased 200 Basis Points to 26.5% Net New Ord...

U.S. home sales dropped 7.0% in September, while the median sales price slipped 1.1% to $329K - both far less than the typical drop-offs as summer gives way to fall, according to the RE/MAX August National Housing Report, which surveys 52 metro areas. Home sales and prices may be easing, but ...

Investors have expressed some concerns about the sustainability of demand and pricing in homebuilding, after a strong early 2021 (and a summer pullback) - but J.P. Morgan is staying constructive, looking to a "solid industry backdrop in 2022-23 driving further earnings growth over the next tw...

Homebuilders - which emerged as unexpected leaders early in the pandemic - dipped into "bear market territory" in early October as supply chain headwinds, soaring home prices, and rising rates spooked investors. Record-low supply levels and robust single-family housing deman...

NAIL is a leveraged bullish bet on US homebuilding and supplies. The sector has navigated a rollercoaster ride of price spikes, material shortages and supply chain bottlenecks. Changes in the interest rate landscape are likely to add weight to my initial bearish bias. A mammot...

30-year fixed-rate mortgage averaged 2.99% for the week ending Oct. 7, inching down from 3.01% in prior week and above from 2.87% averaged in same period a year ago, according to the Freddie Mac Primary Mortgage Survey. "Unfortunately, with the expectation that both mortgage rates and ho...

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"Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June," Chief Economist Sam Khater commented. 30-year fixed-rate mortgage averaged 3.01% for the week ending Sep 30, up from 2.88% in prior week and above from 2.88...