PulteGroup (PHM)

PulteGroup (PHM)

Postby winston » Wed Jun 26, 2013 6:46 am

not vested

Pulte Group, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States.

The company's Homebuilding segment is involved in the acquisition and development of land primarily for residential purposes within the United States; and the construction of housing on such lands.

This segment offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb, and Centex names.

As of December 31, 2012, this segment had approximately 670 active communities.

Its Financial Services segment engages in mortgage banking and title operations. This segment arranges financing through the origination of mortgage loans primarily for homebuyers; sells such loans and related servicing rights; and provides title insurance policies as an agent, as well as examination and closing services to homebuyers.

http://todaysbigstock.com/2013/06/25/pu ... hm-062513/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: PulteGroup (PHM)

Postby winston » Tue Sep 17, 2019 7:42 pm

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DEMAND IS STILL HIGH IN THE HOUSING MARKET

We're keeping an eye on the strength of the housing market...

Regular readers know Steve is still bullish on housing. Mortgage rates are about as low as they come, increasing housing affordability. But prices remain high due to limited inventory.

That's good for homebuilders, as we recently covered with best-in-class homebuilder NVR (NVR). Today, we're looking at another example...

PulteGroup (PHM) is a $10 billion homebuilding giant. It does business in 25 states and 47 major markets across the U.S. Pulte serves every kind of house-hunter, with 30% of its sales going to first-time buyers, 30% to folks looking to upgrade, 25% to seniors, and 15% to luxury homebuyers.

And demand is strong today... In the company's second quarter, new orders for homes rose to 6,792 homes, a 7% increase over the same quarter in 2018.

As you can see in today's chart, shares of PHM have been steadily rising since they bottomed in October.

The stock is up more than 30% in 2019, and it recently hit a new multiyear high. It's another sign of the strength in U.S. housing today...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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