PulteGroup, Inc.·Consumer Cyclical

Homebuilder and home improvement stocks are down due to rising mortgage rates. There isn't much relief in sight for the housing market.

A Seaport analyst has turned bearish on multiple home-builder stocks, saying the outlook for job growth could be worse for the housing market over the long term than the recent jump in oil prices.

PulteGroup (PHM) closed the most recent trading day at $119.83, moving +2.17% from the previous trading session.

ATLANTA--(BUSINESS WIRE)--At a time when loneliness has become a growing concern for adults, there is a silver lining: a new survey shows that where and how you live can contribute to higher rates of connectedness and satisfaction. Del Webb, the nation's leading builder of active-adult communities, recently surveyed more than 1,300 people aged 55+ who live in its communities across 14 states. The report shows that 91% of those surveyed feel socially connected at this stage of their life, with 7.

PulteGroup, Inc. (NYSE: PHM - Get Free Report) saw some unusual options trading on Wednesday. Traders bought 9,941 call options on the stock. This is an increase of 1,498% compared to the typical volume of 622 call options. PulteGroup Price Performance Shares of PHM opened at $117.18 on Thursday. PulteGroup has a one year low of

Econ Financial Services Corp bought a new stake in shares of PulteGroup, Inc. (NYSE: PHM) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,341 shares of the construction company's stock, valued at approximately $626,000. Several other large investors have also recently made
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2021, it controlled 228,296 lots, of which 109,078 were owned and 119,218 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. The company was founded in 1950 and is headquartered in Atlanta, Georgia.
Consumer Cyclical
Residential Construction
6,793
1980-03-17
1.34