PulteGroup: A Diversified Play On The Housing Rebound

ByDavid Guarino:

Homebuilder PulteGroup (PHM) has pulled back from its recent high and may offer investors who want to play the housing market rebound an attractive entry point. Although we have witnessed the stock price almost quadruple in 2012, it appears the outlook moving forward is still one of optimism. CEO Richard Dugas reiterated his enthusiasm during the Q4 earnings call, “The combination of incredibly low mortgage rates, continued increases in rental rates and especially rising home prices and very low and likely to stay low inventory levels for housing, lead us to believe that 2013 will be a better year for U.S. housing than 2012.”

If management is correct and the housing market rebound we are currently witnessing has staying power, the homebuilders sector my likely catch investor’s attention again. There are numerous companies which operate in this industry to choose from, Kb Home (KBH), Toll Brothers (TOL), D.R. Hotron

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