PHM News and Press, PulteGroup Inc. From 05/27/22

David Tepper’s 13F portfolio value decreased from $3.89B to $2.50B this quarter. Appaloosa increased Amazon.com, Microsoft, and Uber Technologies while dropping D.R. Horton, General Motors, PulteGroup, and T-Mobile US. Alphabet, Amazon.com, Meta Platforms, Macy's, and Micro...

Almost one in five (19.1%) of home sellers have lowered their price during the four-week period ended May 22, the highest rate since October 2019, suggesting that homebuyers are starting to reject historically high prices, according to a report from real estate brokerage Redfin. The medi...

30-year fixed-rate mortgage averaged 5.10% with an average 0.9 point for the week ending May 26, down from last week when it averaged 5.25% and higher than 2.95% a year ago, according to the Freddie Mac Primary Mortgage Survey. 15-year fixed-rate mortgage averaged 4.3...

Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market. Unsold inventory of new houses spiked in a historic month-to-month leap of 34,000 houses, and by 127,000 houses from April last year, to 4...

Citi says investors should still be looking for quality stocks when dealing with the Fed rate hike cycle and a possible recession. "Admittedly, stocks with high-quality attributes have not been immune from this year’s volatility," equity strategist Scott Chronert wrote in a note. "Why?...

We explain why selling cash-covered puts and covered calls is a safer choice and earns a high income. We will discuss how to formulate an options income strategy that's sustainable and repeatable. In this monthly series, we present how to go about selecting the right kind of stock...

30-year fixed-rate mortgage averaged 5.25% with an average 0.9 point for the week ending May. 19, 2022, down from last week when it averaged 5.30%; higher than 3% a year ago, according to the Freddie Mac Primary Mortgage Survey. "As a result, purchase demand is waning, and homebuilder se...

In an emotional surprise reveal event, United States Army Sergeant William McCoy learned that he will be the recipient of a brand-new mortgage-free Centex home, awarded through PulteGroup’s Built to Honor® program. Welcomed by more than 75 PulteGroup employees, first res...

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...

30-year fixed-rate mortgage averaged 5.30% with an average 0.9 point for the week ending May. 12, 2022, up from last week when it averaged 5.27%; higher than 2.94% a year ago, according to the Freddie Mac Primary Mortgage Survey. 15-year fixed-rate mortgage averaged 4.48% with an av...