PulteGroup (PHM) Surges 75% in a Year: More Upside in 2024?
PHMPulteGroup(PHM) zacks.com·2024-05-23 01:16

Although mortgage rates continue to scale upward, the housing forecast still looks optimistic given favorable demographics, a significant housing supply shortage and the continuous solid demand trend.Given these tailwinds, among the industry bellwethers, PulteGroup, Inc. (PHM) has been benefiting from favorable demand conditions, a solid operating model and prudent annual land acquisition strategies.Shares of this Zacks Rank #1 (Strong Buy) company have gained 74.9% in the past year, outperforming the Zacks ...