PHM News and Press, PulteGroup Inc. From 07/24/22

Raymond James updated its list of analyst favorite stocks with a swap in the restaurant subsector. Analysts can only have one favorite idea among the stocks they cover rated Strong Buy or Outperform. Ruth's Hospitality Group ( NASDAQ: RUTH ) makes it onto the Analysts Cu...

As home prices hover near historical highs and mortgage rates keep soaring, housing affordability in the U.S. is about to reach its lowest point since the 2007 Great Financial Crisis, according to a report by S&P Global Ratings released on July 20. “High home purchase pri...

30-year fixed-rate mortgage averaged 5.54% with an average 0.8 point for the week ending July 21, up from last week when it averaged 5.51% and higher than 2.78% a year ago, according to the Freddie Mac Primary Mortgage Survey . "Consumer concerns about rising rates, inflation...

Homebuilders have struggled for well over a year with supply and labor shortages and ridiculously spiking costs. In addition, this year, mortgage rates added to the woes. Confidence of builders of single-family houses, as depicted by the NAHB/Wells Fargo Housing Market Index for July,...

PulteGroup included on the list for the second year in a row, moving up 21 spots PulteGroup, Inc. (NYSE: PHM) today announced it has been named among the 2022 Best Workplaces for Millennials™ by Great Place to Work® and Fortune magazine . This year th...

Home sales in June have risen the most out of any month so far in 2022 in a move that indicates more balance is starting to take hold in the housing market, according to a report by real estate brokerage Re/Max released Monday. Specifically, June home sales topped May's reading ...

30-year fixed-rate mortgage averaged 5.51% with an average 0.8 point for the week ending July 14, up from last week when it averaged 5.3% and higher than 2.88% a year ago, according to the Freddie Mac Primary Mortgage Survey . "With rates the highest in over a decade, home...

PulteGroup is a well-managed company with a conservative management team focused on quality, operational improvement, and sustainability. Wider housing shortages present an opportunity for growth. Conservative management and current low prices balance risks in the sector. Current ...

I start this article by diving into the fundamentals of the housing market, which is starting to show cracks - although on elevated levels. PulteGroup is adjusting its business to lower demand, focusing on backlog and cash generation - used to enhance shareholder returns. PulteGro...

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...