Tim Seymour Is A Buyer Of PulteGroup

On CNBC's Fast Money, Tim Seymour revealed that he is bullish on PulteGroup, Inc. PHM.

He explained that the consumer confidence is at its 15-year high and home ownership is at a five-decade low. He added that inventories in the housing sector are low. Banks are more interested in providing loans, which is good for the housing sector.

Seymour said that PulteGroup has been operating defensively for a long time and now the management is ready to become more aggressive and increase sales. He also thinks that the stock is cheap to its peers.