Let's move on. Our next guest downgraded six home builder stocks earlier this week. Evercore ISI Steven Kim joins us now.He is a firm's head of housing research. Stephen, great to have you with us. Having me.So, is it more than just a rates problem for the home builders at this point. Oh, yes. So, uh, a big part of our downgrade, uh, on Tuesday morning was, uh, our understanding that, uh, the administration was going to aggressively pursue supply side, uh, solutions to affordability, which is really the wor ...

Let's go outside of tech before we uh get out of this A block. Uh look at the home builders today. DR KB py toll.Uh Evercor has downgraded that group. Um they believe margins must bottom before the stocks can rerate. We do not believe that this will materialize in the next several months.Take a look at that move in DHI down 5%. You can cycle through the others. I'm sure that must tell a similar story, right.KB PY toll. Can we look at those guys. Um, I I bring this up in part because Jenny has made a move in ...

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PulteGroup, Inc. (NYSE: PHM ) has faced the effects of a weak housing market as the homebuilder’s closings have slowed and margins have declined. The housing market’s short-term outlook is mixed, balancing between consumer uncertainty and tariff pressure, butI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities ...

WUXI, China, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Lead Intelligent Equipment Co., Ltd. (LEAD) proudly announced that the LEADACE Predictive Maintenance (PHM) System, an intelligent maintenance system based on a multimodal large model, has won the Second Prize in the artificial intelligence (AI) category of the BRICS Industrial Innovation Contest 2025. “This award is a new starting point as we accelerate innovation and global expansion, helping BRICS countries build a more inclusive, green, and sustainable in ...

PulteGroup (PHM) ended the recent trading session at $134.73, demonstrating a -1.73% change from the preceding day's closing price. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.94%. The stock of homebuilder has risen by 6.54% in the past month, leading the Construction sector's gain of 0.75% and the S&P 500's gain of 2.32%.The investment community will be paying close attention to the earnings performance of PulteGroup in its up ...

In the latest trading session, PulteGroup (PHM) closed at $136.72, marking a -3.32% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.27%. Meanwhile, the Dow experienced a rise of 0.43%, and the technology-dominated Nasdaq saw an increase of 0.37%. The homebuilder's shares have seen an increase of 17.65% over the last month, surpassing the Construction sector's gain of 4.79% and the S&P 500's gain of 1.85%.The investment community will be paying close attention to th ...

So, this is the biggest 1-day drop in rates since August of last year. The average on the 30-year fix dropped 16 basis points this morning to 6.29%. That according to Mortgage News Daily, and that is the lowest rate since October 3rd of last year.So, we're finally breaking out of this high 6% range that it's been in for many months. Mortgage News Dy's Matt Graham also says many lenders are priced better than this at rates of 6.125% and many lenders will be quoting in the high fives today. So it's a major di ...

Welcome back. We're watching some big moves in the housing space. Diana Olic is here with more on that.Hi, Diana. Hey, Mike. Yeah, for builders, it's all about the mortgage rates. And today, it's the potential for even lower mortgage rates that has the stocks rallying.The average rate on the 30-year fix fell to 65.55% this morning, according to Mortgage News Daily. That's the lowest since October. Now, it has been on the lower side all month, but really struggling to break out over the last few weeks.Today' ...

Core Viewpoint - PulteGroup reported better-than-expected Q2 2024 results, with adjusted earnings and total revenues surpassing estimates, despite challenges in the housing market due to high mortgage rates and economic uncertainty [3][5]. Financial Performance - Adjusted earnings were $3.03 per share, exceeding the Zacks Consensus Estimate of $2.92 by 3.8%, but down from $3.58 in the same quarter last year [5]. - Total revenues reached $4.4 billion, surpassing the consensus mark of $4.37 billion by 0.8%, but decreased 4.3% from $4.6 billion year-over-year [5]. Segment Analysis - Homebuilding segment revenues fell 4.1% year-over-year to $4.3 billion, with home sale revenues also down 4.1% to $4.27 billion [6]. - The number of homes closed decreased by 5.7% to 7,639 units, while the average selling price (ASP) of homes delivered increased by 1.8% to $559,000 [7]. - Net new home orders declined 7.4% year-over-year to 7,083 units, with the value of new orders down 10.8% to $3.89 billion [7][8]. - Financial Services segment revenues dropped 9.4% year-over-year to $101.2 million, with pretax income declining from $63 million to $43 million [9]. Backlog and Margins - The backlog of homes yet to be closed was 10,779 units, down from 12,982 units a year ago, with potential housing revenues from the backlog decreasing to $6.84 billion from $8.11 billion [8]. - Home sales gross margin decreased by 290 basis points year-over-year to 27%, while SG&A expenses as a percentage of home sales revenues increased by 100 basis points to 9.1% [8]. Cash Flow and Share Repurchase - At the end of Q2, cash and cash equivalents were $1.27 billion, down from $1.65 billion at the end of 2024, with net cash provided by operating activities at $421.7 million, down from $657.3 million in the prior year [11]. - The company repurchased 3 million common shares for $300 million at an average price of $100.54 per share [11]. Market Sentiment and Outlook - Recent estimates for PulteGroup have trended downward, indicating a potential decline in stock performance, with a Zacks Rank of 4 (Sell) suggesting below-average returns in the coming months [12][14]. - The stock has a subpar Growth Score of D and a Momentum Score of D, but a Value Score of B, placing it in the top 40% for value investors [13].