Why Shares of NVR Climbed 56% in 2019
At the start of 2019, many investors expected it was going to be a challenging year for homebuilders, with mortgage rates creeping higher and first-time home buyers potentially skittish due to economic uncertainty. But those higher interest rates didn't materialize and the economy remained strong, both of which helped power homebuilder NVR (NYSE: NVR) to a 56.3% gain for the year, according to data provided by S&P Global Market Intelligence.
NVR vs. S&P 500 data by YCharts
Source Fool.com
