PulteGroup (PHM) Q1 Home Sales Likely to be Tepid Amid Rate Woes
PHMPulteGroup(PHM) Zacks Investment Research·2024-04-23 00:06

PulteGroup, Inc.’s (PHM) Homebuilding segment, which accounted for more than 98% of total revenues, is expected to showcase tepid growth year over year when PHM reports first-quarter 2024 results on Apr 23. Despite challenges, PulteGroup showcased a robust performance over the past six months, witnessing a stock surge of 49.4%. This growth has outpaced the Zacks Building Products - Home Builders industry's increase of 42.2%. The company's strategic focus on entry-level buyers, liquidity management, and prud ...