Pulte’s Amazing 2012 Performance Shows Housing Is Back
Chart of the Day. Pulte’s Soaring Stock.
The best-performing stock in the S&P 500 so far this year hasn’t been a natural-gas driller, a Chinese consumer company, or a social-media site. Rather, it’s been Pulte Group, which pitches entry-level homes to American buyers. Left for dead in the housing bust, the stock traded for less than $4 a share in July 2011. But as construction and home sales have revived, Pulte has soared, as the chart above shows. The stock has risen more than fourfold since its low of July 2011 and has nearly tripled so far in 2012.
Say it with us one last time. Housing. Is. Back.