Pulte Group - Homebuilder Benefits from Recovery in Construction Demand!

Business drivers: Pulte Group (PHM) is among the leading U.S. construction companies with strong core brands such as Centex, Pulte, DiVosta, John Wieland Homes, Neighborhoods, and American West. As construction demand slowly recovers, Pulte Group's business is likely to pick up, especially since the U.S. Federal Reserve is expected to lower interest rates in the second half of the year. On July 23, Pulte Group managed to exceed consensus expectations of $3.00 despite a decline in EPS from $3.58 to $3.03. The company's revenue also met expectations...