Shares of PulteGroup Inc ( PHM ) , one of the nation's largest homebuilders, moved higher by as much as 2.1% to $107.36 Thursday morning, before pulling back marginally, following a strong rebound in existing home sales and rising home prices.

What To Know: February's 4.2% monthly increase in sales, reported by the National Association of Realtors, signals renewed momentum in the housing market despite affordability concerns.

PulteGroup ( PHM ), known for building single-family homes across key markets like Florida, Texas and Georgia, benefits directly from tight housing inventory.

Even with a 5.1% increase in supply from January, the market remains undersupplied, with just 3.5 months' worth of inventory—well below the six-month threshold considered balanced. This persistent shortage has fueled a 3.8% annual rise in home prices, pushing the median price to $398,400.

Rising home values bolster demand for new construction, a key driver of PulteGroup's ( PHM ) revenue growth.

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How To Buy PHM Stock

By now you're likely curious about how to participate in the market for PulteGroup ( PHM ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, PHM has a 52-week high of $149.47 and a 52-week low of $100.54.