PulteGroup's Second Quarter Earnings Ride the Rising Housing Market
All of the economic elements that home builders want are in place right now: The economy is chugging along; unemployment rates are low; and interest rates are low (but creeping up). These three things are leading to robust demand in the housing market, and PulteGroup's (NYSE: PHM) most recent earnings were a reflection of that. Here's a brief rundown of the company's second-quarter results and what investors can expect in the near future.
Image source: Getty Images.
Data source: Pulte Group earnings releases.
Source: Fool.com
Pulte Group Inc. Stock
€109.26
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As a result the target price of 115 € shows a slightly positive potential of 5.25% compared to the current price of 109.26 € for Pulte Group Inc..
