The average US home price could spike 20% to a record $500,000 if the Fed cuts interest rates too soon, expert says [Business Insider]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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Source: Business Insider
Pulte pointed to rising housing costs and a potential buying frenzy if mortgage rates drop. The average price of a home could soar to over $500,000 if the Federal Reserve cuts interest rates without crushing inflation first, a housing expert says. "I predict if rates go down, housing prices will go through the roof," Bill Pulte recently told Fox Business. "You could see those home prices go up, in my opinion, 5, 10, 20%." The median US home price has surged by over a third within the past five years, from $313,000 in early 2019 to $418,000 last quarter, St. Louis Fed data shows. A 20% increase would raise it to a record $501,000. Pulte is the CEO of Pulte Capital — a private equity firm that invests in building-products companies — and his grandfather founded PulteGroup, a homebuilding giant. He explained that aspiring homeowners could face a "two-pronged problem" of rising cost of housing and increased demand for homes if the Fed proceeds with cutting rates before inflatio
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News
- PulteGroup, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- What Makes PulteGroup (PHM) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- PulteGroup, Inc. (NYSE: PHM) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $135.00 price target on the stock, up previously from $120.00.MarketBeat
- Are Construction Stocks Lagging PulteGroup (PHM) This Year? [Yahoo! Finance]Yahoo! Finance
- Here's Why PulteGroup (PHM) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
PHM
Earnings
- 4/23/24 - Beat
PHM
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 3/22/24 - Form ARS
- PHM's page on the SEC website