Why Homebuilders Like Lennar And Pulte Group Are Faring Well Despite Surging Mortgage Rates

Forbes magazine, Aug. 23, 2023
Our theme of housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders such as Pulte Group and Lennar fared well thus far in 2023, rising by a solid 42% year-to-date. This compares to the S&P 500 which remains up by about 14% over the same period. So what’s driving the current outperformance?