In the latest trading session, PulteGroup (PHM) closed at $143.54, marking a +1.18% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.28% for the day. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.15%.Shares of the homebuilder have appreciated by 4.98% over the course of the past month, underperforming the Construction sector's gain of 7.51% and outperforming the S&P 500's gain of 2%.Analysts and investors alik ...

Homebuilders have not had a great 2024 so far, as the industry as a whole has been lagging behind the S&P year-to-date. This is primarily due to relatively hawkish Fed policy on continued high inflation, resulting in higher mortgageI am a sophomore at USC (class of 2027) studying economics and accounting and aiming for an equity research-related career path, and Seeking Alpha serves as the place for me to put up all of my pitches. I conduct generalist equity research, but at the moment I am focusing on US b ...

Core Insights - The U.S. housing market is showing signs of recovery after a challenging 2023 and the first half of 2024, with homebuilder confidence rebounding and increases in housing starts and building permits [1][2][3] Homebuilder Confidence - The National Association of Home Builders/Wells Fargo Housing Market Index reported that homebuilder confidence for newly built single-family homes rose to 41 in September from 39 in August [2] - Mortgage rates have decreased to their lowest level since February, with the 30-year fixed mortgage rate at 6.2%, down from 7.18% a year ago [2] Housing Starts and Building Permits - Housing starts for privately owned homes increased by 9.6% to an annualized rate of 1.356 million in August, surpassing the consensus estimate of a 2.9% rise [3] - Year-over-year, housing starts rose by 3.9% in August, with single-family housing starts increasing by 15.8% compared to July, reaching 992,000 units [3] - Residential building permits for August rose by 4.9% from the previous month to an annualized rate of 1.475 million units, also exceeding the consensus estimate [3] Federal Reserve Rate Cuts - The Federal Reserve announced a 50-basis point rate cut, the largest since 2008, which is expected to positively impact the housing market, contributing 3.1% to GDP [5] - The rate cut is anticipated to lower mortgage rates further, aiding the homebuilding sector [5] Homebuilder Stocks with Growth Potential - **PulteGroup (PHM)**: Expected earnings growth rate of 14% for the current year, with a Zacks Rank of 2 [6] - **Meritage Homes (MTH)**: Expected earnings growth rate of 6.1% for the current year, also holding a Zacks Rank of 2 [7] - **M/I Homes, Inc. (MHO)**: Expected earnings growth rate of 21.9% for the current year, with a Zacks Rank of 2 [9] - **Century Communities (CCS)**: Expected earnings growth rate of 32.5% for the current year, currently holding a Zacks Rank of 1 [12]

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 ...

Core Viewpoint - PulteGroup has demonstrated strong stock performance, achieving a 52-week high and outperforming both the construction sector and home builders industry year-to-date [1][2]. Group 1: Stock Performance - PulteGroup's stock is up 0.5% over the past month and has gained 29.5% since the beginning of the year, compared to 19% for the Zacks Construction sector and 25.8% for the Zacks Building Products - Home Builders industry [1]. - The stock reached a new 52-week high of $136.47 in the previous session [1]. Group 2: Earnings Performance - PulteGroup has a strong record of positive earnings surprises, having beaten earnings consensus estimates in the last four quarters [2]. - In the latest earnings report on July 23, 2024, PulteGroup reported EPS of $3.58, exceeding the consensus estimate of $3.21, and beat the revenue estimate by 2.72% [2]. - For the current fiscal year, PulteGroup is expected to post earnings of $13.36 per share on revenues of $17.43 billion, reflecting a 13.99% change in EPS and an 8.49% change in revenues [2]. - For the next fiscal year, the company is projected to earn $13.58 per share on $18.35 billion in revenues, indicating a year-over-year change of 1.65% in EPS and 5.29% in revenues [2]. Group 3: Valuation Metrics - PulteGroup currently trades at 10X current fiscal year EPS estimates, aligning with the peer industry average of 10X [4]. - On a trailing cash flow basis, the stock trades at 10.6X compared to the peer group's average of 9.7X [4]. - The stock has a PEG ratio of 0.53, which does not place it among the top echelon of stocks from a value perspective [4]. Group 4: Zacks Rank - PulteGroup holds a Zacks Rank of 2 (Buy) due to rising earnings estimates [5]. - The company meets the criteria for selection, as it has a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B [5]. - This suggests that PulteGroup shares may have further upside potential in the near term [5].

Group 1 - PulteGroup (PHM) has shown a year-to-date performance increase of 30.9%, outperforming the average gain of 19.8% in the Construction sector [2][3] - The Zacks Consensus Estimate for PulteGroup's full-year earnings has risen by 2.1% over the past 90 days, indicating improving analyst sentiment [2] - PulteGroup is part of the Building Products - Home Builders industry, which has an average year-to-date gain of 27.4%, further highlighting its strong performance [3] Group 2 - Sterling Infrastructure (STRL) has achieved a year-to-date return of 34.3%, also outperforming the Construction sector [2] - The consensus EPS estimate for Sterling Infrastructure has increased by 6.7% over the past three months, reflecting positive analyst outlook [3] - Sterling Infrastructure belongs to the Engineering - R and D Services industry, which has seen a year-to-date increase of 32.5% [3]

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, ...