The homebuilders have a lot of the news baked-into the cake. Lennar is a much better company and had a blowout quarter. Pulte usually has lackluster results and is riding the LEN wave. I'd be selling and buying in in the $16-18 range. This quarters earnings ail tell a lot. Bottom line is, the homebuilders won't do much more until the economy gets better and the unemployment rate comes down, no matter what Robert Wetenhall says! (long term hold/short term sell)
Pulte is in claw back mode .... all pistons are starting to fire. Move-up, entry level, and active adult ... and they have excellent long term land holdings in desirable areas Lennar is a good company and hardly a turnaround story. The real gains will come from another national builder who, as demonstrated by your comments, is still looking at past ... not future or predictable forward earnings and momentum. Lennar is a hold here but sell me your Pulte shares, and thank you.