Pulte Group - Residential construction company benefits from recovery in construction demand!

Business Driver: Pulte Group (PHM) is one of the leading US construction companies with strong core brands such as Centex, Pulte, DiVosta, John Wieland Homes, Neighborhoods, and American West. As construction demand is slowly recovering, business at Pulte Group is expected to pick up again, especially since the US Federal Reserve is likely to lower interest rates in the second half of the year. On July 23, Pulte Group was able to exceed consensus expectations of $3.00, despite an EPS decline from $3.58 to $3.03. In terms of revenue, it also...