PulteGroup Stock News

Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has gained about 23% year-to-date. This is roughly in line with the S&P 500, which has gained about 22% over the same period.

The homebuilding sector is facing pressure today, after D.R.

GM defied expectations this earnings season by offsetting EV headwinds and labor costs with higher vehicle pricing, signaling strong profit potential despite broader industry challenges. Homebuilders like Pulte have thrived post-COVID by leveraging mortgage incentives and steady pricing, maintaining growth even as higher interest rates strain the housing market. Polaris, once buoyed by pandemic...

Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise.

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) has been selected by Great Place To Work® and Fortune magazine as one of the 2024 Fortune Best Workplaces for Women™ for the fifth consecutive year. The national homebuilder earned the #20 spot among companies nationwide. “We're incredibly proud that women continue to see PulteGroup as a place to thrive,” said PulteGroup President and CEO R...

PulteGroup shares fell 7% after Q3 earnings amid fears of rising mortgage rates despite Fed cuts could reduce housing demand. Q3 EPS beat estimates, but new orders fell 0.5% while increased incentives and higher SG&A expenses pressured margins. Pulte's backlog supports current production, but higher land spending and Florida's weak performance pose risks.

There are discussions in mainstream media suggesting a housing shortage to explain current affordability challenges in real estate. However, with rising listings and inventories, the picture appears more nuanced.PulteGroup Inc. NYSE: PHM recently reported quarterly earnings, causing the stock to dip over 6% in one day, reflecting market concerns.

PulteGroup Inc. (NYSE:PHM ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants James Zeumer - Vice President, Investor Relations Ryan Marshall - President and Chief Executive Officer Robert O'Shaughnessy - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Alan Ratner - Zelman & Associates Stephen Kim - Evercore IS...