PHM News and Press, PulteGroup Inc. From 04/11/22

PulteGroup included on the list for the second year in a row, moving up 32 spots PulteGroup, Inc. (NYSE: PHM), the nation’s third largest homebuilder, today announced it has been named among the 2022 Fortune 100 Best Companies to Work For® by Great Place ...

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The PHLX Housing Index has been down sharply since the beginning of the year. Mortgage rates are now approaching 5%. The last time rates got this high, the sector broke. For further details see: Housing Stocks Plunge Amid Soaring Mortgage Rates

30-year fixed-rate mortgage averaged 4.72% with an average 0.8 point for the week ending Apr. 7, 2022, up from last week when it averaged 4.67%; higher than 3.13% a year ago, according to the Freddie Mac Primary Mortgage Survey. Mortgage rates have increased 1.5 percentage points over th...

National Homebuilder Partners with Ford to Create the “Home of the Future” on Innovation Way PulteGroup , one of the nation’s largest homebuilders, has built a living laboratory to explore how homeowners will live in the not-so-distant future. Locate...

The 30-year fixed rate mortgage averaged above 5.02% on Tuesday, according to Mortgage News Daily, the first time the rate has been over 5% since 2013 except for one day in 2018, CNBC said. The hike in the closely watched interest rate is making it even more expensive for consumers to buy hom...

In a backdrop of consumer price inflation surging at multi-decade highs, the historic acceleration in U.S. home prices since the onset of the COVID-19 pandemic is "out of step" with market fundamentals, according to a blog post by the Federal Reserve Bank of Dallas.  “Our evi...

Led by rapidly rising inflation as well as the prospect of strong demand for goods and ongoing supply disruptions, 30-year fixed-rate mortgage averaged 4.67% with an average 0.8 point for the week ending Mar. 31, 2022, up from last week when it averaged 4.42%; higher than 3.18% a year ag...

Single-Family Rental REITs have been one of the best performing property sectors since their emergence onto the scene in the mid-2010s, outperforming the REIT Index for three-straight years entering 2022. Too much demand, and not enough housing supply: Despite the double-digit surge i...

Pulte (PHM) is trading at a 4 P/E. Many other builders are trading materially cheaper. Yes, higher interest rates will put a dent in home sales and home prices. I present six fundamental long-term reasons why these stocks are grossly undervalued and could double or triple ove...