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Goldman Sachs initiates or resumes coverage on several housing plays, recommending Taylor...

Goldman Sachs initiates or resumes coverage on several housing plays, recommending Taylor Morrison Home (TMHC), NVR (NVR), M.D.C. Holdings (MDC), KB Home (KBH), D.R. Horton (DHI) and Beazer Homes (BZH) at "Neutral" (I, II, III, IV, V, VI). Goldman resumes Meritage Homes (MTH), Toll Brothers (TOL) and Ryland Group (RYL) at "Buy" (I, II, III) and adds the latter to its Americas Conviction Buy List, but it grades PulteGroup (PHM) as a "Sell," due to growth that lags its peers.
Comments (1)
  • Pulte would seem to have demographics on its side as it caters well to retiring baby boomer generation in 55+ housing. This should serve it well as baby boomers retire and move from high tax states to low cost states where Pulte is strong.
    25 Jun 2013, 08:33 AM Reply Like
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