PulteGroup Inc. (PHM - Free Report) intends to build a new active adult community in Wilmington, NC. The community named Del Webb Wilmington would be constructed under its Del Webb brand. This marks Del Webb’s first community in Wilmington and is expected to be opened in Oct 2016.
Located in the master planned RiverLights, the Wilmington community will accommodate 500 homes. The homebuyers will enjoy easy access to beaches, shopping destinations, entertainment, dining and healthcare facilities.
The new community particularly aims to match the lifestyle and housing needs of 55+ residents, who prefer to live close to their family and friends, and enjoy various lifestyle choices. The new community will offer facilities like a large amenity center, with indoor and outdoor pools, fitness rooms, tennis and pickleball courts.
PulteGroup’s Del Webb brand is a leading builder of active adult (retirement) communities for those aged 55 years and above in the U.S. The active adult space constitutes roughly a third of Pulte’s business. This is the fastest growing housing segment due to the increasing aging population in the country. The brand has been outperforming all other brands of Pulte for the past few quarters.
Housing sales are gaining traction amid improvements in the economic environment and employment picture. In fact, higher job numbers, a recovering economy, moderating home price gains, affordable interest/mortgage rates, rising rentals and a limited supply of inventory – all point to increasing momentum in 2016. Given such a market scenario, PulteGroup development of a new community appears well timed.
PulteGroup currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the construction sector include Masco Corporation (MAS - Free Report) , TopBuild Corp. (BLD - Free Report) and GCP Applied Technologies Inc. . While TopBuild sports a Zacks Rank #1 (Strong Buy), Masco and GCP have a Zacks Rank #2 (Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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PulteGroup Inc. (PHM - Free Report) intends to build a new active adult community in Wilmington, NC. The community named Del Webb Wilmington would be constructed under its Del Webb brand. This marks Del Webb’s first community in Wilmington and is expected to be opened in Oct 2016.
Located in the master planned RiverLights, the Wilmington community will accommodate 500 homes. The homebuyers will enjoy easy access to beaches, shopping destinations, entertainment, dining and healthcare facilities.
The new community particularly aims to match the lifestyle and housing needs of 55+ residents, who prefer to live close to their family and friends, and enjoy various lifestyle choices. The new community will offer facilities like a large amenity center, with indoor and outdoor pools, fitness rooms, tennis and pickleball courts.
PulteGroup’s Del Webb brand is a leading builder of active adult (retirement) communities for those aged 55 years and above in the U.S. The active adult space constitutes roughly a third of Pulte’s business. This is the fastest growing housing segment due to the increasing aging population in the country. The brand has been outperforming all other brands of Pulte for the past few quarters.
Housing sales are gaining traction amid improvements in the economic environment and employment picture. In fact, higher job numbers, a recovering economy, moderating home price gains, affordable interest/mortgage rates, rising rentals and a limited supply of inventory – all point to increasing momentum in 2016. Given such a market scenario, PulteGroup development of a new community appears well timed.
PulteGroup currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the construction sector include Masco Corporation (MAS - Free Report) , TopBuild Corp. (BLD - Free Report) and GCP Applied Technologies Inc. . While TopBuild sports a Zacks Rank #1 (Strong Buy), Masco and GCP have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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