PulteGroup (PHM) Up 54% in 6 Months: Can It Keep Momentum in 2024?

The scarcity of available existing homes for sale, coupled with a positive trend in mortgage rates and indications from the Federal Reserve suggesting a potential rate cut, indicates growing optimism in the homebuilding industry. In this environment, quality homebuilding stocks such as PulteGroup, Inc. (PHM) may provide a safe haven.PHM's stability and strong fundamentals position it well to withstand challenges within the industry. With the anticipation of interest rates remaining lower in 2024, PulteGroup ...