PulteGroup Is My Choice In A Rebounding Housing Market

Cars and housing are the engines that drive the American economy. It is an old but still relevant shibboleth. I have written about cars. Investing in homebuilders is dicey, but I like PulteGroup (PHM), the third largest US homebuilder, better than other leading developers.

Factor in the ripple effects on the economy from cars and housing and you see why they are drivers. Both are labor-intensive outputs. Cars are laden with tech, sound systems, batteries, coatings, and tires purchased from other companies. Cars require multi-tiered distribution involving ships and trucks transporting vehicles to retail market centers. House builders buy lumber, drywall, paint, fixtures, flooring, furniture, plumbing, appliances, electrical equipment, Wi-Fi, roofing, windows, HVAC, etc. Well, you get the point.

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