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PulteGroup Price Target Cut to $119.00/Share From $146.00 by Citigroup
PulteGroup Is Maintained at Neutral by Citigroup
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Citi Maintains PulteGroup(PHM.US) With Hold Rating, Raises Target Price to $119
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PulteGroup Analyst Ratings
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PulteGroup's Customer Mix, Market Outlook Drive Wedbush's Upgrade to Outperform
Wedbush Upgrades PulteGroup(PHM.US) to Buy Rating, Raises Target Price to $135
Express News | Pultegroup Inc : Wedbush Raises to Outperform From Neutral
Mortgage rates are approaching 7%, and the Real Estate market in the USA is facing ominous signs.
High borrowing costs are squeezing demand, leading to a nearly 7% drop in the MBA's mortgage application index for the week of the 27th, falling to its lowest level since mid-November.
Mortgage Rates Inch up to Start the Year at a Near Six-month High. Will the Housing Market Become More Affordable in 2025?
November US Construction Spending Flat, Residential Building Up
In October, house prices in the USA reached a new high, but the growth rate slowed down. An increase in listings helped buyers negotiate, with New York leading the top 20 cities.
The latest data shows that in October, the USA housing price Index reached a record high for the 17th consecutive month, although the growth rate slowed down with a year-on-year increase of 3.6%, down from 3.9% in September. In addition, prices in the 20 major cities rose by 4.2% year-on-year, also a slowdown from the previous month's 4.6%, with New York City experiencing the highest increase at 7.3%.
$100 Invested In PulteGroup 5 Years Ago Would Be Worth This Much Today