% | $
Quotes you view appear here for quick access.

PulteGroup, Inc. Message Board

  • Alex1444 Alex1444 May 12, 2005 5:20 PM Flag

    Metro median prices show STRENGTH!

    This morning the Nat'l Association of Realtors released their quarterly data on metropolitan median home prices, single family homes (sold). And here it is (WARNING, pdf file requires Adobe Reader):$FILE/REL05Q1T.pdf

    Shows the prices are continuing strong across the US, though slightly lower in the Midwest and South than in Q4 of 2004. Interestingly, Orange County CA (listed in the A's for Anaheim) saw their median sale price jump to the highest on record, despite two prior quarters of sequential median price declines. A lot of bears like to talk about Orange County, CA, looks like they will need to find a new "scare story".

    Also - Las Vegas median home prices were very strong in Q1 of 2005, again the highest ever reported. Remember when the Q2 (2004) numbers for Las Vegas showed a 53% increase over Q2 of 2003? Well the median LV sale price in Q2 2004 was 269.9 (thousand $), for Q1 of this year, the median sale price was 291.0. Again, looks like the bears will need to find a new scare story.

    Great pricing strength in the Northeast, in Arizona (Phoenix, Tuscon), in Florida (Miami, Tampa, Ft. Lauderdale, Orlando, Jacksonville). In other words, the "hot" markets that the bears keep saying will collapse, have done anything but that.

    Read the data for yourself, that's why it's there. Sure a lot more worthwhile than some charting (moving average, retracement, head and shoulders, cup and handle, three black crows and a gravestone doji, etc.) voodoo. Won't tell you everything you need to know in evaluating the inherent value of PHM shares, but should be of some help, at least.

    "The new phone book's here, the new phone book's here! I am somebody!" - Steve Martin

    SortNewest  |  Oldest  |  Most Replied Expand all replies
19.65+0.17(+0.87%)Dec 1 4:02 PMEST