Seeking Alpha

Beazer and Pulte cut to Sell at FBN

  • One of the strongest performers in the homebuilder sector this year - ahead 41% - Beazer Homes (BZH -0.5%) is cut to Sell at FBN, which cuts PulteGroup (PHM +0.2%) to Sell as well.
  • Meanwhile, the homebuilders (XHB +0.5%), (ITB +0.3%) are one of the day's stronger sectors amid a bullish Barron's cover story on the property market. Home prices are climbing at a more measured pace than during the bubble, writes Jonathan Laing, giving the current cycle plenty of room to run.
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