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Furthermore, homebuilder confidence surged past expectations in November. According to a CNBC report, homebuilder sentiment rose to 83 points on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). And investors’ interest in the homebuilders is evident in the SPDR Homebuilders ETF’s (XHB) 6.6% returns over the past month. According to a Realtor.com forecast, home sales will grow by 6.6% in 2022.
So, we think it could be wise to add the following fundamentally sound homebuilder stocks to one’s portfolio now because they are well-positioned to benefit from the industry tailwinds: Lennar Corporation (NYSE:LEN), NVR, Inc. (NVR), PulteGroup, Inc. (PHM), and Cavco Industries , Inc. (NASDAQ:CVCO).
