The outlook for the US real estate market is not optimistic. Lennar Corp (LEN.US) and D.R. Horton (DHI.US) were downgraded by Citigroup.
According to the Zhitong Finance APP, the stocks of several American residential builders fell on Tuesday, after Citigroup lowered the ratings of Lennar Corp (LEN.US) and D.R. Horton (DHI.US), citing a potential continued weakness in the US real estate market for the rest of the year. Citigroup downgraded Lennar Corp from Buy to Neutral, with a target price of $164, down from $174, and downgraded D.R. Horton from Buy to Neutral, with a target price of $156, down from $181. Citigroup also lowered the ratings of Forestar Group (FOR.US), PulteGroup (PHM.US), and Toll Brothers.
$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,200 Today
PulteGroup (NYSE:PHM) has outperformed the market over the past 10 years by 7.12% on an annualized basis producing an average annual return of 17.93%. Currently, PulteGroup has a market capitalization
PulteGroup Is Maintained at Neutral by Citigroup
PulteGroup Is Maintained at Neutral by Citigroup
Express News | Citigroup Maintains Neutral on PulteGroup, Lowers Price Target to $117
PulteGroup Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/02/2024 13.69% Citigroup $129 → $117 Maintains Neutral 05/17/2024 25.35% Citigroup $127 → $129 Maintain
PulteGroup Slides 11% in a Month: Buy PHM Stock on the Dip?
Express News | Pultegroup Inc : Citigroup Cuts Target Price to $117 From $129
Citi Maintains PulteGroup(PHM.US) With Hold Rating, Cuts Target Price to $117
Citi analyst Anthony Pettinari maintains $PulteGroup(PHM.US)$ with a hold rating, and adjusts the target price from $129 to $117.According to TipRanks data, the analyst has a success rate of 64.7% and
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Market cap of 250 billion US dollars or evaporated! The vacancy crisis is sweeping through the US commercial property market.
Under the high pressure of high interest rates, the commercial property market in usa is facing a huge vacancy crisis.
America's Frozen Housing Market Is Warping the Economy -- Heard on the Street -- WSJ
If you locked in a dirt-cheap mortgage when interest rates were low, congratulations for being one of the winners in America's skewed housing market.
New Home Sales Dip in May: What Lies Ahead for Housing?
US Desperately Needs Housing Supply, So Why Has New Home Construction Sunk To 4-Year Lows?
Amid significant challenges facing the U.S. housing market, metrics released in June are not encouraging signs that the U.S. can get out of its current rut.
Investors in PulteGroup (NYSE:PHM) Have Seen Strong Returns of 259% Over the Past Five Years
When Will Home Prices Go Down? Six Economists Weigh In.
By Aarthi Swaminathan Quit dreaming of U.S. home prices crashing, real-estate experts say Home prices hit yet another record high in April, and frustrated prospective home buyers may be wondering if
New home sales in the USA hit the lowest point since November, with housing prices falling year-on-year and inventory reaching a new high since 2008.
Data released on Wednesday by the US Department of Commerce shows that due to rising house prices and high mortgage rates, potential buyers are deterred, resulting in a decline in new home sales in the United States in May.
PulteGroup, Inc.'s (NYSE:PHM) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
With its stock down 2.9% over the past three months, it is easy to disregard PulteGroup (NYSE:PHM). However, stock prices are usually driven by a company's financial performance over the long term,
April Case-Shiller US Home Price Index Rises Slower Than in Previous Month
The Case-Shiller National Home Price index rose by 1.2% in April before seasonal adjustment following a 1.3% increase in March.