Can Buying This Homebuilder Stock Help You Ride the U.S. Housing Boom?
We all know how hot the U.S. housing market is right now. There are only an estimated three months of housing supply and a home shortage of 5.2 million across the country. This is good news for anyone in the business of building homes, otherwise known as the homebuilders. Coupled with soaring housing prices, there is a huge economic tailwind for the housing industry that could continue over the next decade.
The simplest way to go along with this trend is to own a large homebuilder like Lennar Corporation (NYSE: LEN). Does this housing trend make Lennar stock a buy?
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Source Fool.com
