PulteGroup, Inc.’s PHM Homebuilding segment — accounting for 97% of total revenues — is expected to have registered growth, given strong housing market fundamentals in the United States. Consequently, the segment is likely to contribute to overall revenues when it reports second-quarter 2021 results on Jul 27.The company has exhibited a solid performance so far this year, with the stock climbing 25.4%, having comfortably outperformed the industry’s 19.9% rally. PulteGroup — which shares space with D.R. Horton, Inc. DHI, Lennar LEN and KB Home KBH in the Zacks Building Products - Home Builders industry — has been riding high on its focus on entry-level buyers and protecting liquidity, prudent management of cash flows as well as land investment strategy.Click here to know how the company’s overall Q2 performance is expected to be.Image Source: Zacks Investment ResearchA Look at Q2 Segmental PerformancePulteGroup’s Homebuilding segment is expected to have registered growth, courtesy of higher deliveries and average selling price or ASP.The Zacks Consensus Estimate for Homebuilding revenues of $3.41 billion suggests an increase of 36.3% on a year-over-year basis.PulteGroup expects ASP within $440,000-$445,000, indicating an increase from $416,000 registered a year ago. It expects deliveries within 7,400-7,700 homes. At the midpoint, the guided range indicates an increase of 27% from 5,937 units in the year-ago period.The consensus mark for ASP is $443,000, which points to a 6.5% year-over-year improvement. For the quarter to be reported, the consensus mark for the number of homes closed is 7,586, which points to 27.8% year-over-year growth.Solid demand arising from prospering U.S. housing market scenario, prudent land investment strategy and focus on entry-level buyers is expected to have benefited PulteGroup in the second quarter.Overall Q2 Earnings & Revenue ExpectationsThe Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.72 per share, indicating 49.6% growth from the year-ago figure of $1.15. Also, the consensus mark for revenues is $3.52 billion, suggesting 35.6% year-over-year growth.PulteGroup — a Zacks Rank #3 (Hold) company — surpassed earnings estimates in each of the trailing 18 quarters. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>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 PulteGroup, Inc. (PHM): Free Stock Analysis Report KB Home (KBH): Free Stock Analysis Report Lennar Corporation (LEN): Free Stock Analysis Report D.R. Horton, Inc. (DHI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research