Loosening lending standards and historically low interest rates indicate a big boon for the housing industry. It’s a great time to add a few housing stocks to your portfolio. Here are a few to sweeten the deal over the long run.
Lennar Corporation (NYSE: LEN)
Lennar stock keeps going strong. Shares have gained approximately 17% this year. That’s good news for shareholders.
The housing recovery has been good for Lennar, and this homebuilder reports positive growth. Its revenue and margins increased 8% year over year to $348,000. That’s impressive when compared to the increased yearly earnings of 33%… a cool 32% year-over-year growth of $2.4 billion.
With an emerging growth in the housing market and demand for more new homes, Lennar is a buy-and-hold stock.
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