US homebuilder stocks surge on hopes for demand boost after Fed rate cuts [Yahoo! Finance Canada]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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Source: Yahoo! Finance Canada
D.R. Horton Lennar, PulteGroup and Toll Brothers rose roughly 3% before the bell. Lennar is set to report its quarterly earnings later today. The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that is expected to further reduce mortgage rates in the coming months and help reduce incentives that builders need to offer to attract buyers. Shares of home improvement chains Home Depot and Lowe's were also up about 2% in premarket trading on Thursday. The lower cost of financing could also boost further homebuilding activity offsetting a chronic shortage of homes that has been a growing issue since the 2008 financial crisis. The central bank drove up interest rates between 2022 and 2023 to the 5.25%-5.50% range to bring down high inflation, causing a slowdown in the housing market, but mortgage rates have been falling as the Fed telegraphed rate reductions. The average 30-year fixed ra
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PHM
News
- PulteGroup, Inc. (PHM) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- PulteGroup Honors Veterans with Three New Mortgage-Free Homes, Approaches Historic 100-Home Milestone [Yahoo! Finance]Yahoo! Finance
- PulteGroup Honors Veterans with Three New Mortgage-Free Homes, Approaches Historic 100-Home MilestoneBusiness Wire
- Investors Shouldn't Overlook PulteGroup's (NYSE:PHM) Impressive Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Homebuilder Optimism May Be Ending As Conditions Weaken [Forbes]Forbes
PHM
Earnings
- 10/22/24 - Beat
PHM
Sec Filings
- 10/31/24 - Form SCHEDULE
- 10/25/24 - Form 4
- 10/22/24 - Form 10-Q
- PHM's page on the SEC website