|
24.07.25 - 16:33
|
US New Home Sales Disappoint In June As Prices Plunge (ZeroHedge)
|
|
US New Home Sales Disappoint In June As Prices Plunge
Following yesterday's disappointing existing home sales print, this morning sees new home sales confirm the disappointment with a mere 0.6% MoM rise (well below the 4.3% MoM rebound expected after tumbling 11.6% MoM the month prior)...
Source: Bloomberg
That is the worst YoY decline in new home sales since Oct 2024, leaving the total SAAR at 627k - hovering near post-COVID lockdown lows and well below expectations...
Source: Bloomberg
The Median new home prices plunged in June (near 5 year lows), now well below that of existing homes...
Source: Bloomberg
This week, Atlanta-based PulteGroup relieved investors by posting better-than-expected earnings, despite reporting a slowdown in new home orders.
Sales incentives have grown to 8.7% of its houses' gross sale price, more than double a “normal” incentive load, executives said on an earnings call.
“I long for the days of more normal incentive loads of kind of 3% to 3.5%,” Chief Execu...
|
|
|
|
22.04.25 - 13:12
|
PulteGroup Q1 Profit, Revenue Down, But Beat View (AFX)
|
|
WASHINGTON (dpa-AFX) - PulteGroup, Inc. (PHM), a residential home-construction company, Tuesday reported lower profit for the first quarter, primarily impacted by decline in revenues. However, pro......
|
|
|
|
|
|
29.01.25 - 20:12
|
The Setup: key earnings in the next 24 hours (CNBC)
|
|
The Investment Committee give you The Setup on multiple stocks reporting with the next 24 hours including United Rentals, Blackstone, Mastercard, PulteGroup, Thermo Fisher and Tractor Supply....
|
|
|
16.12.24 - 18:01
|
BofA expresses caution for homebuilders′ 2025 outlook (Reuters EN)
|
|
BUZZ-BofA expresses caution for homebuilders' 2025 outlook ** BofA Global Research lowers price objective on major U.S. homebuilders D.R. Horton DHI.N , Lennar Corp LEN.N and PulteGroup PHM.N ** BofA cuts price objective on DHI's stock to $170 from $190, PHM to $135 from $150 and LEN to $165 from $190 ** "We lower our estimates and price objectives...
|
|
|
|