QUOTE AND NEWS
Wall Street Journal  Jul 23  Comment 
Home builder PulteGroup said its second-quarter profit rose, as order growth and a gain stemming from a legal settlement offset soft closings.
TheStreet.com  Jul 23  Comment 
NEW YORK (TheStreet) -- PulteGroup shares are up by 0.45% to $20.25 in mid-morning trading on Thursday, following the release of the company's 2015 second quarter earnings results.The Atlanta, GA-based home builder reported that its quarterly...
newratings.com  Jul 23  Comment 
Market Intelligence Center  Jul 21  Comment 
After closing Monday at $19.73, Pulte Homes Inc. (PHM) presents an attractive opportunity to get a 5.56% return in just 178 days, which is an annualized return of 11.39% (for comparison purposes only). To enter this trade, sell one Jan. '16 $19.00...
Biomass Magazine  Jul 17  Comment 
Newlight Technologies recently announced that it has signed a take-or-pay off-take agreement with Vinmar International Ltd. Under the terms of the 20-year master off-take agreement, Vinmar will purchase up to 19 billion pounds of AirCarbon PHA.
TheStreet.com  Jun 24  Comment 
NEW YORK (TheStreet) -- PulteGroup shares are up 1.18% to $20.55 in trading on Wednesday as the home building industry continues its run of good news after Lennar reported strong quarterly profits before the opening bell today.Lennar, the...
TheStreet.com  Jun 23  Comment 
NEW YORK (TheStreet) -- Shares of PulteGroup are up by 0.40% to $20.33 in late morning trading on Tuesday, as some home builder stocks rise following the release of data showing new single family home sales rose to a seven year high in May....
TheStreet.com  Jun 22  Comment 
NEW YORK (TheStreet) -- Shares of PulteGroup stock closed higher by 1.30% to $20.25 on Monday afternoon, as some home builder stocks got a boost thanks to recent exiting homes data, which showed a greater than expected improvement in May....
TheStreet.com  Jun 15  Comment 
NEW YORK (TheStreet) --Shares of PulteGroup are up by 1.06% to $19.48 in mid-afternoon trading on Monday, as the home builder sector gets a boost from the rise in home builder confidence and from the announcement that Ryland and Standard...
Market Intelligence Center  Jun 11  Comment 
The patented options-trade picking algorithms used by MarketIntelligenceCenter.com found a trading opportunity with Pulte Homes Inc. (PHM) that should provide a 5.94% return in just 218 days. Sell one Jan. '16 call at the $18.00 level for each 100...
Market Intelligence Center  May 19  Comment 
Pulte Homes Inc. (PHM) is a good candidate for a covered call at the $19.00 level. The Jan. '16 call at that price should fetch a credit of about $2.10, which means the entire position has a net debit of about $17.80. This trade has 8.54% downside...




 

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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