Today we are going to learn about the 5 best housing/homebuilder stocks to buy now, based on Insider Monkey’s article. As of 2020, the coronavirus pandemic didn’t favor to industries and sectors. There were only a few exceptions, one of them is the homebuilder sector. After the lockdown of the whole world, millions of people started to rebuild and renovate their homes, so they began to buy up the supplies of homebuilder companies. The Home Depot is an excellent example for this, as we can see below.
Now let’s see the short summarize from Insider Monkey’s original article. At first, Lennar Corporation stands on the fourth spot with 60 hedge funds, and a total value of hedge fund holdings of $1.74 billion. The company is among the biggest installers of solar panels in the United States and Canada, having more than 8,500 deliveries in the year of 2020; and is also among the largest buyers of efficient Energystar® appliances.” Solar energy stocks saw a significant growth last week, as Georgia delivered the Senate to the Democrats. D.R. Horton, Inc. ranks the third with 62 hedge funds and a total value of hedge fund holdings of $2.14 billion. DHI is Mark Tepper’s top homebuilder pick. According to Tepper, those who build their first homes, D.R. Horton will be a perfect fit, as there are 3 criteria that meet the major trend now. “The number one thing you need when you build a house is the land to build it on and D.R. Horton’s land strategy really helps them,”. The The Home Depot, Inc. has 73 hedge funds and a total value of hedge fund holdings of $4.96 billion. The company’s shares saw a decrease in March 2020, but actually it was clear that the company would surely benefit from the pandemic situation, as millions of people during the self-isolation, started toe renovate their homes. Consequently, HD regained its losses and exceeded $290. According to Insider Monkey’s research, in September “HD and Low are due for a post-pandemic reset after their sales surge.” For getting more detailed information about the topic, please click and jump to the compilation of best housing/homebuilder stocks to buy now.