When Treasury prices drop, yields move higher. When that happens, mortgage rates go up, and so does the cost of buying a home.
Smaller builders are trading near or below book value, and all have relatively small market capitalizations.
ATLANTA--(BUSINESS WIRE)--More than nine out of ten PulteGroup employees say the company is a great place to work, according to the latest Great Place To Work® survey. Based on employee feedback, PulteGroup, Inc. (NYSE: PHM), America's third-largest homebuilding company, has earned Great Place To Work Certification™ for the eighth time. This year, 92% of employees said PulteGroup is a great pla...
ATLANTA--(BUSINESS WIRE)--PulteGroup, one of the nation's largest homebuilders, is expanding its operations into Northwest Florida and launching a new Florida Panhandle Division to support those efforts, the company announced today. The expansion positions the company for growth as it continues to see strong demand for new homes across Florida. PulteGroup is naming Taylor Larza as Vice Presiden...
ATLANTA--(BUSINESS WIRE)--For the veterans and families who receive a Built to Honor® home, the greatest impact begins after the ribbon is cut, when homeownership creates stability, opportunity and peace of mind for years to come. That's exactly how U.S. Navy Petty Officer Robert Orr, who received a Built to Honor home in 2024, describes the experience: "This home has been far more than a place...
PulteGroup's CEO says the fluctuating price of oil is a big contributor to high housing costs because it affects land development.
The home builder posted a profit of $472 million, or $2.48 a share, compared with $608 million, or $3.03 a share, in the same quarter a year earlier.