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Stock impact report

Homebuilder Earnings Show the Worst Fears About COVID-19's Impact on the Housing Market Haven't Been Borne Out... Yet [The Motley Fool]

PulteGroup, Inc. (PHM) 
Last pultegroup, inc. earnings: 4/23 06:30 am Check Earnings Report
Company Research Source: The Motley Fool
The COVID-9 crisis has ruined what was set to be the best year for housing in over a decade. The economy was strong, inventory was lean, margins were high, and demographics were on the builders' side. Let's take a look at one of the builders and see how the crisis has affected them. The current environment looks to be challenging for the homebuilding sector, but things might not be as bad as feared. The fundamentals of the housing market are unchanged, with more demand than supply. Investors worried about a replay of 007 and 008 should take comfort that this environment is completely different.Image source: Getty Images.The quarter was mainly pre-COVIDPulteGroup(NYSE:PHMPulte's first quarter was the story of pre- and post-COVID. "The U.S. housing industry carried tremendous momentum into 00, until the devastating effects of the COVID-9 pandemic began impacting the country," said Ryan Marshall, PulteGroup president and CEO.As the coronavirus spread and state and local governments imple Show less Read more
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