PHM News and Press, PulteGroup Inc. From 07/11/22

As per a latest Redfin survey, ~60K home-purchase agreements dropped through in June which is equal to 14.9% of homes that went under contract compared to 12.7% in May and 11.2% in June 2021. For further details see: Home sales face highest cancellation rate since pandemic s...

Goldman Sachs is gauging the impact of a potential recession as Wall Street approaches 2Q earnings season. The market goes into the reporting period with a low bar of +6% EPS growth for the S&P 500 ( SP500 ) ( NYSEARCA: SPY ) for 2Q. For the year, Goldman is bel...

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Homebuilder and real estate broker stocks are climbing even as fears of a recession increase. If U.S. economic growth slows, the Federal Reserve may slow its pace of rate hike increases or stop earlier than investors had expected. That fares well for prospective homebuyers, which in tur...

The steep rise in mortgage rates to 5.7% from 2.98% a year earlier, has hampered housing affordability, Redfin notes that the median asking price of newly-listed homes for sale retreated 1.5% from the all-time high in the spring, and a record-high share of sellers dropped the...

In a celebratory dedication event, U.S. Army Sergeant James Ford and U.S. Army Specialist Kisha Dorsey were presented with the keys to their brand-new, mortgage-free Pulte homes in the Windrow community located in Hockley, Texas. The two homes were awarded through PulteGroup’...

30-year fixed-rate mortgage averaged 5.70% with an average 0.9 point for the week ending Jun. 30, down from last week when it averaged 5.81% and higher than 2.98% a year ago, according to the Freddie Mac Primary Mortgage Survey . The drop was led by countervailing fo...

The number of homes available to buyers climbed almost 19% in June, surpassing typical pre-COVID levels, and posting its biggest gain since Realtor.com started collecting data in July 2017. That's welcome news for prospective homebuyers but the U.S. still has a lower-than-typical housin...

As many of you know, I have deep roots in housing. My mother was a real estate agent for many leading homebuilders. And my former business partners were large regional builders. As such, I saw the Great Recession through a unique lens. These days, homebuilder stocks have gotte...