UPDATE: New-home sales roar to an 8-month high as spring selling season starts with a bang
Builder stocks hammered on lumber tariff hike
Fears that the residential real estate bubble will soon deflate have sent the stocks of many prominent homebuilders, such as Toll Brothers TOL, Centex CTX, and Pulte Homes PHM , reeling in recent months. On the other hand, both institutional and retail investors are piling into commercial ...
Pulte's PHM fourth-quarter results, released Jan. 31, indicate management has made progress in increasing what was already a strong liquidity position, but the company still carries too much land, in our opinion. We're maintaining our fair value estimate. Homebuilding sales of $4.3 billion were 14% ...
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