- New home demand should remain strong for the next five years because housing is in seriously short supply.
- Pulte has steadily improved its gross and overhead margins over the past decade, and has sharply increased its free cash earned per home.
- Pulte is increasingly using a capital-lite land management strategy, which is allowing management to steadily reduce its share count and increase EPS.
- I believe the stock should double by '25, and is unlikely to be lower then.
For further details see:
Buy PulteGroup, Ride Strong New Home Demand And PHM's Raging Cash Flow