22.44 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||22.11 x 800|
|Ask||23.18 x 1200|
|Day's Range||22.22 - 22.78|
|52 Week Range||22.22 - 35.21|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||8.80|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||0.36 (1.58%)|
|1y Target Est||30.94|
Here's a sobering thought if you're looking to buy a new home: Mortgage payments are climbing twice as fast as home values. A new report from Zillow finds buyers today would have to spend about $1,400 more a year on their mortgages than they would have one year ago. Yahoo Finance's Seana Smith, Brian Sozzi, and Zack Guzman talk with Zillow President, Jeremy Wacksman.
Tight housing inventories and high prices have left some prospective buyers on the sidelines. Now, mortgage rates have reached their highest level since April of 2011. Michael Roberts of Roberts Capital Advisors discusses with Yahoo Finance's Seana Smith, Pras Subramanian and Dion Rabouin.
PulteGroup is off by 2.5 percent, and NVR, which also reported disappointing third-quarter results, is down as much as 7.8 percent to the lowest intraday since April 2017. BofA Merrill Lynch’s stock downgrades come as its U.S. economics team lowered forecasts for 2018-2019 housing starts and new home sales, analyst John Lovallo writes in a note.
Analyst John Lovallo downgrades Toll Brothers, PulteGroup and NVR to neutral from buy and trims his price targets on them. Credit Suisse downgraded the homebuilders and housing-related stocks earlier in the week. Bank of America Merrill Lynch downgraded homebuilder stocks Toll Brothers, PulteGroup and NVR and lowered its homebuilding estimates for 2018 and 2019.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 26. The current level displays a negative indicator with a weakening bias over the past 1-month.
Stocks that moved substantially or traded heavily Wednesday: PulteGroup Inc., down 80 cents to $22.82 Homebuilders fell after the Commerce Department said construction of new homes fell in September. Netflix ...
Harvard Investments Inc. is seeing success at its 464-acre Cadence at Gateway master-planned community in east Mesa — all before its grand opening. Of the 600 homes planned for Phase I, 60 have been pre-sold, said Tim Brislin, vice president of the Scottsdale-based real estate investment and development firm. Plans call for an Oct. 20 grand opening, but pre-sales for Lennar Homes, Pulte Homes and Gehan Homes already are taking off, he said.
Prudent land investments, diverse buyer group along with solid housing industry fundamentals bode well for PulteGroup's (PHM) third-quarter results.
PulteGroup (PHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like PulteGroup Inc (NYSE:PHM), with a market cap of US$6.5b, are often out of the spotlight. Read More...
Rising interest rates on mortgage loans are deterring home buyers, and that has translated into plunging sales, earnings and stock prices for the homebuilding industry, an important engine of economic growth. Mark Zandi, chief economist at Moody's Analytics, had this to say, as quoted by CNBC: "Every basis point rate rise already is affecting housing. A number of stocks in homebuilding and related industries are in a bear market of their own, having plunged by 20% or more from their 52-week highs. Among these are Lennar Corp. ( LEN), D.R. Horton Inc. ( DHI), PulteGroup Inc. ( PHM), LGI Homes Inc. ( LGIH), Toll Brothers Inc. ( TOL) and lumber supplier Weyerhaeuser Co. ( WY).
Atlanta-based Pulte Group Inc. (NYSE: PHM) could soon start construction on a new gated in-town community called Oak Forest Manor near the northwest neighborhoods of Oak Forest and Acres Homes. Oak Forest Manor would be located off Pinemont. Pulte hasn't yet closed on the land, said Lee Jones, vice president of land acquisition at Pulte Group.
Lennar's (LEN) top line is likely to get a boost with the development of a new golf and country club community, Babcock National, in Southwest Florida.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
“If the cost of lumber is going through the roof, and if you only build a house 10 times a year, you don’t get enough experience to say I can cut these extra two pieces of wood out because it’s excess lumber."
PulteGroup Inc (NYSE:PHM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of PHM, Read More...
Despite the recent hike in interest rate and other supply constraints, the housing space stands to rake in profits in 2018 on greater demand and modest consumer spending.
U.S. new home sales rebound in August after two straight months of decline. This calls for investment in top-ranked homebuilding companies.
PulteGroup, Inc. (PHM) today announced that it will release its third quarter 2018 financial results before the market opens on Tuesday, October 23, 2018. The Company will hold a conference call to discuss its third quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup’s website at www.pultegroup.com.
Let's check out the charts again Monday afternoon to see if the decline in PHM has run its course on the stock discussed recently by our own Jim Cramer. In the daily bar chart of PHM, below, we can see that this month that prices made new lows for the year. The daily On-Balance-Volume (OBV) line is close to making a new low for the move down from its June peak.
Despite experiencing a level of heightened volatility since January, the S&P 500 Index has managed to reach new highs, up 9.3% year-to-date (YTD) as the market continues its nearly ten-year bull run. The S&P Homebuilders Select Industry Index is down roughly 10% in 2018, and one team of bears on the Street says the worst is yet to come, as outlined in a recent CNBC story. "We expect the housing recovery to remain fairly tepid in 2019," wrote J.P. Morgan analyst Michael Rehaut in a note to clients on Friday.
Home builder stocks were broadly lower Monday, as mortgage-finance company Freddie Mac said the U.S. housing market had "essentially stalled." The iShares U.S. Home Construction ETF slumped 0.8% in morning trade, with 39 of its 47 equity components trading lower. Among the more active home builders, shares of PulteGroup Inc. shed 1.2%, of D.R. Horton Inc. gave up 0.5%, of Lennar Corp. lost 0.8% and of Toll Brothers Inc. fell 1.2%, while KB Home's stock climbed 1.5%. Elsewhere, shares of home improvement retailers Home Depot Inc. declined 0.8% and of Lowe's Companies dropped 1.0%. Freddie Mac said despite slightly improving inventory conditions and home price pressures, it now expects home sales in 2018 to be "just below" last years's level. "The spring and summer home buying and selling season ultimately ended up being a letdown, despite a faster growing economy and healthy demand for buying a home," said Freddie Mac Chief Economist Sam Khater. "Unfortunately, too many would-be buyers continue to be tripped up by not enough affordable supply and the one-two punch of much higher home prices and mortgage rates." The home builder ETF has lost 16% year to date, while the S&P 500 has gained 9.2%.