Housing Market Alert! Homebuying Activity Is Heating Up.

The housing market may be on the precipice of a major recovery, at least according to PulteGroup (NYSE:PHM). Indeed, on its Tuesday earnings call, the homebuilder stated that it experienced a rapid jump in homebuying activity near the end of last year. What does this mean for the housing market this year? Well, common sense would say that it’s a bullish indicator for the volatile industry. Housing has been in something of a weird place for the past year or two. As a result of elevated mortgage rates and see ...