PulteGroup: A Top Homebuilder For Dividend Growth And Total Return
PHMPulteGroup(PHM) Seeking Alpha·2024-08-06 18:17
miflippo It may come as a surprise that the largest homebuilders have crushed the broader market over the past decade. While the S&P 500 achieved total returns of 235% over the last ten years, 101% at 5Y mark, and 20% over the TTM, the iShares U.S. Home Construction ETF (ITB) has risen by an impressive 451%, 213%, and 32% respectively. This outstanding performance is all the more noteworthy given the challenges posted by a volatile interest rate environment, rising construction costs, and ever-changing  ...