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Updated · MarketWatch · Apr 30PulteGroup stock rises but underperforms rivals
12 articles · Updated · MarketWatch · Apr 30
- Shares gained 1.37% to $122.36 on Thursday, lagging Toll Brothers, D.R. Horton and KB Home as the S&P 500 rose 1.02% and the Dow added 1.62%.
- The advance ended a two-day losing streak, but the stock still trailed peers, with Toll Brothers up 1.84%, D.R. Horton 1.46% and KB Home 1.32%.
- PulteGroup closed 15.32% below its 52-week high of $144.50, reached on 17 February, despite the broader market's positive session.
Can PulteGroup's pivot to profitability succeed against severe labor shortages and rising material costs? With a 4-million-home shortage and soaring costs, is the path to homeownership closing for an entire generation? Why hasn't technology solved the construction industry's decades-long productivity, labor, and cost crises?