Econ & Housing

PulteGroup (PHM) is in a newly-formed base as the housing market posts positive data. The homebuilder stock is Thursday’s IBD 50 Stocks To Watch pick. The strong housing market is bringing new life to homebuilder stocks. Housing Market Shows Improvement February new home sales came in at 640,00 vs. the 645,000 Econoday consensus, rising from a revised 633,000 in January.
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Washington, DC CNN  —  Mortgage rates dropped again this week for the second week in a row amid lingering concerns about bank failures and uncertainty in the financial markets. The 30-year fixed-rate mortgage averaged 6.42% in the week ending March 23, down from 6.60% the week before, according to data from Freddie Mac released Thursday.
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By Evan WylogeMar 22, 2023 Where are America’s new homes? That question keeps boiling up to the surface, as buyers grapple with the current state of the housing market. High prices and soaring mortgage rates are driving affordability into the dirt. And lurking at the center of all buyer challenges is one towering and inescapable bugaboo: the
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