The U.S. housing market is trying to bounce back after a difficult 2023 and the first half of this year. Homebuilder confidence rebounded in September after hitting a low in the past four months. Also, housing starts and building permits rebounded, bringing a glimmer of hope to the housing sector.The Federal Reserve’s rate cut is going to help the sector in the near term as mortgage rates are likely to decline further. It would thus be prudent to invest in homebuilding stocks. We have narrowed our search to ...

For Immediate ReleasesChicago, IL – September 20 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Century Communities, Inc. (CCS) , M/I Homes, Inc. (MHO) , Meritage Homes Corp. (MTH) , PulteGroup, Inc. (PHM) and Taylor Morrison Home Corp. (TMHC) .Here are highlights from Friday’s Analyst Blog: 5 Housing Stocks to ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. PulteGroup (PHM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.PulteGroup is one of 91 individual stocks in the Construction sector. ...

PulteGroup (PHM) ended the recent trading session at $132.70, demonstrating a +0.84% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.45%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.Shares of the homebuilder witnessed a gain of 7.9% over the previous month, beating the performance of the Construction sector with its gain of 1.61% and the S&P 500's gain of 2.54%.The investment community will be paying close attention to the earnings pe ...

PulteGroup, Inc. (PHM) is gaining significant attention as markets anticipate a potential rate cut by the Federal Reserve in September. So far this year, the company’s shares have rallied 26.6%, demonstrating impressive resilience amid volatility and mixed industry data. This performance surpasses the Zacks Building Products - Home Builders industry’s 20.8% rise as well as the broader Construction sector's 13% increase and the Zacks S&P 500 Composite's 15.4% growth.This Atlanta, GA-based homebuilder has str ...

Shares of PulteGroup (PHM) have been strong performers lately, with the stock up 0.5% over the past month. The stock hit a new 52-week high of $136.47 in the previous session. PulteGroup has gained 29.5% since the start of the year compared to the 19% move for the Zacks Construction sector and the 25.8% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus esti ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. PulteGroup (PHM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.PulteGroup is a member of the Construction sector. This group includes ...

Affordability issues have largely impacted home buyer’s sentiments all through the year. Their incomes were also stretched due to elevated interest rates, a frustration for the housing market. However, with interest rate cut expectations growing, mortgage rates dropped to their lowest level this year.With mortgage rates sliding, things are hunky-dory for PulteGroup, Inc. (PHM) , KB Home (KBH) and Toll Brothers, Inc. (TOL) making them enticing buys.Mortgage Rates Fall Under 6.5%For the week ending on Aug 22, ...

A month has gone by since the last earnings report for PulteGroup (PHM) . Shares have added about 4.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is PulteGroup due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. PulteGroup Q2 Earnings & Revenues Top, Margins Rise Y/ ...

The Federal Reserve has kept interest rates at record-high levels for quite some time, citing additional progress in price pressures ebbing toward the central bank’s target of 2%. However, July’s doomed jobs data raised recession fearmongering and compelled market participants to believe that the Fed has been a bit late in slashing interest rates.Nevertheless, cooling consumer and wholesale prices last month strengthened hopes that the Fed would initiate an interest rate cut in September, even if it won’t b ...