QUOTE AND NEWS
TheStreet.com  Mar 24  Comment 
NEW YORK (TheStreet) -- Shares of PulteGroup Inc. are higher by 2% to $21.97 in late afternoon trading on Tuesday as homebuilder stocks get a boost from the rise in new home sales. Data from the Commerce Department showed new home sales in...
Biomass Magazine  Mar 20  Comment 
Metabolix Inc. has announced financial results for the three months and full year ended Dec. 31, reporting that in late 2014 the company decided to significantly increase the pilot production capacity for Mirel polyhydroxyalkanoate (PHA) biopolymers.
TheStreet.com  Mar 11  Comment 
NEW YORK (TheStreet) -- The housing market ended 2014 on a strong note and the momentum is expected to continue this year. The NAHB/Wells Fargo U.S. Housing Market Index gained ground in the last six months of 2014. Now, NAHB Chief Economist David...
Forbes  Mar 6  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 3/10/15, Core Mark Holding Co Inc (NASD: CORE), Extended Stay America Inc (NYSE: STAY), and PulteGroup, Inc. (NYSE: PHM) will all trade ex-dividend for their respective upcoming...
Market Intelligence Center  Mar 5  Comment 
After Wednesday’s trading in Pulte Homes Inc. (PHM) MarketIntelligenceCenter.com's option trade-picking algorithms uncovered a trade that offers a 5.05% or 8.20% (for comparison purposes only), while providing 9.75% downside protection. The...
Market Intelligence Center  Feb 12  Comment 
Pulte Homes Inc. (PHM) presents a trading opportunity that offers a 5.05% return in just 155 days. A covered call on Pulte Homes at the $21.00 level expiring on Jul. '15 offers an assigned return rate of 5.05% or 11.90% annualized. This trade...
TheStreet.com  Jan 30  Comment 
NEW YORK (TheStreet) -- Shares of homebuilder PulteGroup  fell 5.22% to $20.68 in afternoon trading Friday after Wells Fargo downgraded the stock to "market perform" from "outperform." The firm lowered its rating following the pop in...
TheStreet.com  Jan 29  Comment 
NEW YORK (TheStreet) -- Shares of PulteGroup are rallying, higher by 6.66% to $21.95 in late morning trading Thursday, after the home builder reported better than expected fourth quarter earnings results. The company reported net income of...
Wall Street Journal  Jan 29  Comment 
PulteGroup’s results in its December quarter topped Wall Street’s expectations as the home builder begins to see stronger traffic amid a slowly recovering housing market.




 

Pulte Homes (PHM) (NYSE:PHM) is a homebuilder. In 2009, the company sold 15,013 homes across 27 states in all regions of the country.[1] Pulte targets first-time and move-up buyers, with most of its properties being single-family detached homes. At an average home selling price of $258,000, the company offers homes that are more expensive than the national median home price of around $210,000.[1]

The company operates in a highly cyclical industry. New home construction, home prices and new home sales volume are heavily dependent upon job growth, interest rates, and the business cycle at large. Low interest rates and high job growth bode well for homebuilding, but as the recent subprime lending crisis and depressed housing market has illustrated, things can sour quickly and the business can be difficult to predict. Key homebuilding numbers, such as housing starts and existing home sales have continued to come in weak of late. Homebuilding is highly competitive and marked by few barriers to entry, low profit margins, and high financial leverage.

Since early 2006, the U.S. housing market has been unfavorably impacted by a lack of consumer confidence, tightened mortgage standards, and large supplies of resale and new home inventories and related pricing pressures. These factors have contributed to weakened demand for new homes, slower sales, and increased price discounts and sales incentives to attract homebuyers. All of these contribute negatively to PHM's revenues and net income. This could not posisbly have been more helpful!

Competition

The company competes against a highly fragmented base of other homebuilders. These companies may be national or local players and given the highly competitive nature of the industry, competition is stiff and often marked by low margins and low returns on capital. The company also competes for buyers with existing homes that have hit the market, and competes more broadly with other housing alternatives such as apartments and mobile homes.

Some of PHM's top competitors include Lennar (LEN), D.R. Horton (DHI), Centex (CTX), KB Home (KBH), HOVNANIAN ENTERPRISES (HOV), Beazer Homes USA (BZH), and Ryland Group (RYL).

Footnotes

  1. 1.0 1.1 PHM 10-K 2009 Item 1 Pg. 4
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