
NYSE:LEN
(A Past Top Pick on May 2, 2017, Up 51%) It's now the largest U.S. homebuilder after a takeover. He likes the whole group of homebuilders and owns many, because building starts remain strong. However, there's lots of demand, but not enough supply, including land and labour which will push prices up. Inexpensive valuation under 10x earnings. A good entry point here.
The US housing strength keeps catching stock analysts by surprise. Lennar just released a fine quarter. Home building is surging along with great demand for it. This isn't supposed to happen considering high unemployment and businesses closing for so many., The pandemic has changed everything--if you work from home, you're not waiting for a vaccine, but converting your bedroom into an office. This work at home trend is a tailwind to furniture companies like Wayfair.