PulteGroup (PHM) closed at $40.40 in the latest trading session, marking a +1.71% move from the prior day.
Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF rallied 2.9% in morning trading, with all 35 components trading higher. Among the more active home builders, shares of Lennar Corp. hiked up 2.1%, D.R. Horton Inc. rose 1.7% and PulteGroup Inc. climbed 2.1%. Also in the homebuilders ETF, Home Depot Inc.'s stock gai
Lawrence Yun, chief economist at the National Association of Realtors, joins Yahoo Finance Live to discuss Fed Chair Powell's comments on the housing market, supply and demand, mortgage rates, and rental prices.