10 Best Home Builder Stocks To Buy Now

2. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders: 60

Lennar Corporation (NYSE:LEN) has built over one million new homes in the United States since 1954. The company constructs affordable, move-up, and active adult homes under the Lennar brand name. It offers mortgage financing, title, and closing services under its Financial Services segment while mortgage loans are originated by LMF Commercial. Simultaneously, Lennar’s Multifamily segment develops high-quality multifamily rental properties.

With 70 years of operation, Lennar now qualifies among the nation’s largest builders of quality homes. Homebuilding operations are the most substantial part of Lennar’s business and generated $33 billion in revenues in fiscal 2023. The company continues to drive momentum through 2024. Although interest rates rose most of the second quarter, the home builder remained resilient and performed well. A 19% increase in new orders and a 15% increase in deliveries year over year was witnessed. In home building, revenues increased 9% to $8.4 billion as compared to $7.6 billion in the prior-year period.

Over the past 5 years, the homebuilder has successfully expanded its net income by 16.75% and its revenue by 10.66%. The status of a leading American homebuilder, the capability of building affordable housing in strategic markets that cater to the existing housing shortage, resilience against the external environment, and a strong balance sheet are factors that make Lennar Corporation (NYSE:LEN) one of the best home builders. The stock is held by 60 hedge funds, as of 2024’s second quarter.