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PulteGroup, Inc. (PHM)

NYSE - Nasdaq Real Time Price. Currency in USD
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43.96+0.02 (+0.05%)
As of 10:38AM EST. Market open.
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  • A
    Anonymous
    Average net earnings estimate for 2021 is $6.18 so they are trading with a PE of 7 right here.
  • W
    Williamson
    “I have never seen a market like this,” said Khalil El-Ghoul, principal broker at Glass House Real Estate, who sells homes in Washington, D.C., Maryland and Virginia. “The only reason a home is on the market more than a couple of days is because we insist on allowing enough time for full market exposure. If it were up to buyers, homes would never go active.”

    Source: The Hill
  • W
    Williamson
    "The imbalance between supply and demand reached a new high in January," said Redfin chief economist Daryl Fairweather. "Buyers were eager to make offers and make them quickly to take advantage of historically low mortgage rates while they last. But many homeowners who want to move feel stuck with limited options of homes to move to, frustrated about homes finding buyers within hours of hitting the market and defeated after repeatedly losing out in bidding wars. People who are committed to finding a home this season should plan for the harsh reality that they may need backup homes in mind when they go on a home tour and when they submit an offer, or be prepared to wait weeks or months for another ideal home to hit the market."
    Bullish
  • A
    Anonymous
    P/E less than 9. constant positive and big EPS. am I missing something here. why is this so undervalued?
  • D
    David
    Average analysts pps at $55, I will hang on for sure...fantastic news in the middle of a pandemic and the stock gets punished. I'm long, so not worried about it.
    Bullish
  • W
    Williamson
    From realtor.om

    Strong buyer demand and a lack of sellers push inventory to new lows

    Nationally, the inventory of homes for sale in January decreased by 42.6% over the past year, a higher rate of decline compared to the 39.6% drop in December. This amounted to 443,000 fewer homes for sale compared to January of last year. Despite a slightly more active December, sellers once again entered the market more hesitantly in January, which saw 23.2% fewer new listings enter the market compared to last year.

    Housing inventory in the 50 largest U.S. metros overall declined by 41.8% over last year in January, greater than last month’s 38.6% decline. While in December, all regions except for the South saw a year-over-year increase in new listings, in January, all regions saw renewed declines as sellers became skittish entering into 2021. New listings were down 24.0% in the South, 22.6% in the Midwest, 14.4% in the Northeast, and 6.6% in the West.
  • W
    Williamson
    Got single-family homes? No, there is a shortage. Millennials in the market for the first time, WFH types need more space.
  • W
    Williamson
    Zillow CEO on housing market: "Homes are flying off the shelves"
    Bullish
  • W
    Williamson
    WCVB Boston: Open houses cause traffic jams in crazy hot real estate market

    "There were hundreds of people that showed up, and, you know, I had a buyer that I was bringing, and it's frustrating because you have to wait hours to get in, and sometimes you don't even get in at all," the agent of Lamacchia Realty said.

    The supply of homes for sale is extremely low, but demand is high. That leads to intense competition for homes.
  • R
    Robert
    I don't understand why homebuilder stocks have been going down. The talk is that thousands of buyers of homes are waiting in the wings. Buying frenzy this spring.
  • S
    Steelerfan
    Analyst Actions: UBS Starts PulteGroup at Buy With $57 Price Target
    Bullish
  • c
    craig
    Which home builder reports first O LOOK AT LGIH RECORD dec month
  • S
    Stephen
    I just added to my modest holding today, buying the Dip (I hope it wasn't the start of a Plunge) at $41.57, and my holdings are still modest. I am curious, if you don't mind my asking, if anyone here has #PHM as a *major* portion of their portfolio.
    Bullish
  • c
    craig
    Chart readers are going to love PHM crossing 50 dma its 44.20 50 dma I THINK
  • A
    Andrew
    anyone know why the downturn today?
  • W
    Wing
    Pricy still
  • l
    leonard
    With cloud stocks selling for a multiple of sales, it is hard to understand why homebuilders are selling for PE of 9-11. Gundlach's comments likely to help;

    DHI : Gundlach: 'There seems to be no end in sight' for strong home sales • 5:22 PM
    Existing home sales have gone from one of the lowest readings in the past 20 years to one of the highest readings in the past 20 years, and "there seems to be no end in sight," said DoubleLine founder and CEO Jeffrey Gundlach during his webcast titled "No End in Sight."
    Conversely, existing home sales supply has declined to 2.5 months, also the lowest point in the last 20 years.
    Whether the housing market stays strong will depend on the whether wage growth will stay higher than 30-year mortgage rates, he adds.
    Gundlach believes the Fed's easy monetary policy isn't feeding inflation because "they're not truly printing money," rather it's lending, he said.
    As housing prices rise, rents are falling. There's a "huge shift toward affordability in renting," he notes.
    Mortgage forbearance volumes have been steadily declining and median credit score of mortgage originations have been rising, resulting in "really strong borrower quality," Gundlach said.
    Higher interest rates could be in the making, though. "Copper has been on a tear," outperforming gold, he observes, adding that the copper/gold ratio suggests that 10-year yield should be pushing 2.0%, similar to the defensive/cyclical stocks ratio.
    Sector watch: Obviously homebuilders would continue to benefit from the strong demand for homes, low interest rates and low supply. Related tickers/ETFs: ITB, DHI, KBH, PHM, TOL.
    Residential REITs, though, would suffer from lower rents; that could reverse if mortgage rates climb. Related tickers: APTS, EQR, IRT, AVB.
    Read comments
  • S
    Steve
    Why is this and the sector down today? Is interest rate expected to go back up?
  • W
    Williamson
    Value and growth = $$$
    Bullish
  • -
    -
    PHM upgraded today to "Outperform" by analyst Michael Dahl of RBC. The price target was raised to $53.