Report
Brian Bernard
EUR 100.00 For Business Accounts Only

We’ve Tempered Our Housing Starts Forecast, but Our Homebuilder FVEs Are Unchanged

Increasing headship and homeownership rates among millennials remain a key tenet of our housing outlook. More millennials are indeed forming households and buying homes, but we've been repeatedly disappointed by the rate of headship and homeownership gains for this large age cohort. While we previously expected a sharper increase in home purchasing as millennials seized upon favorable ownership conditions, factors such as student debt and underemployment have proved more stubborn than we origina...
Underlying
PulteGroup Inc.

PulteGroup through its subsidiaries is engaged in the homebuilding business. The company also has mortgage banking operations, conducted principally through its susidiary, Pulte Mortgage LLC, and title and insurance brokerage operations. The company's homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States. The company provides a variety of home designs, including single-family detached, townhouses, condominiums, and duplexes at different prices and with varying levels of options and amenities to its customer groups: first-time, move-up, and active adult.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Bernard

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