Home builders turned less pessimistic in May, a report Monday shows, giving investors some hope that the worst of the coronavirus pain may be over for the housing market. For May, the NAHB Housing Market index, a gauge of home builder sentiment, rose to 37 from 30 in April. While the NAHB index remains at very low level, Ian Shepherdson of Pantheon Macroeconomics says he sees “clear scope for it to rise further over the next few months.”
PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share payable July 2, 2020, to shareholders of record at the close of business on June 12, 2020.
Investors snap up shares in PulteGroup, KB Home and other builders after a modest bump up in April sales of new homes.
The PulteGroup said Monday that weekly home orders have almost tripled since the end of March — but it wasn’t enough to save jobs.
Sales of new homes in April unexpectedly improved from March, a sign that normalcy is returning to some parts of the U.S. economy as coronavirus lockdowns ease.
The most recent housing market data was, frankly, just awful. Reports from the U.S. Census Bureau, the Department of Housing and Urban Development (HUD), and the National Association of Realtors (NAR) revealed updated data through the end of March 2020. Yes, several real estate industry insiders think the conditions reflected in that ugly data may actually be good for homebuilders like D.R. Horton (NYSE: DHI) and PulteGroup (NYSE: PHM), as well as realtors like Zillow Group (NASDAQ: Z)(NASDAQ: ZG), and home improvement stores like Home Depot (NYSE: HD) and Lowe's (NYSE: LOW).
Home builders have an opportunity to see improved sales by shifting their designs to meet buyers’ new preferences in a post-coronavirus world.
Lower average selling prices and challenging sales environment are likely to reflect on Toll Brothers' (TOL) fiscal Q2 results.
U.S. Army Sergeant First Class Justin Reuber recently received the keys to his new mortgage-free and fully-furnished Centex home in the Windrow community in Hockley, Texas. The home was donated by PulteGroup’s Built to Honor® program, which provides the gift of a new home to wounded veterans and their families across the country.
PulteGroup (PHM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The homebuilding sector has suffered a lot amid COVID-19 and is likely to see meaningful sales and price decline ahead. However, credit conditions and valuations are cheaper.
J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Pultegroup on Tuesday, setting a price target of $28, which is approximately 6.29% below the present share price of $29.88.
Construction firms are now relatively less pessimistic on the housing industry’s prospects thanks to low interest rates, even though coronavirus-related challenges remain.
PulteGroup, Inc. (NYSE: PHM) today provided an update on actions the Company has taken in response to the COVID-19 pandemic.
Lennar, PulteGroup, M/I Homes, and Toll Brothers look like buys, says a researcher who foresaw the housing crash that fueled the financial crisis. Why she has Sells on three real estate investment trusts.
PulteGroup (PHM) has been reducing costs through layoffs, furloughs and other actions as April order rates are down 50% year over year.
Tim Rood, Former Fannie Mae Executive and SitusAMC Managing Director, joins Yahoo Finance’s Seana Smith to break down April existing home sales data.
Small-cap investing firm releases portfolio update Continue reading...
New home sales edge higher in April with easing of lockdowns in the country. Is this an indication of revival in housing?
Today PulteGroup announced that its Built to Honor® program was named a 2020 Hearthstone Award Winner. This is the second time the program has been recognized by Hearthstone after receiving a donation in 2018.