Real Estate

Buy these homebuilders to play the tight housing market, Wells Fargo says


A contractor stacks roofing materials while working on a home under construction at the Toll Brothers Bowes Creek Country Club community in Elgin, Illinois.

Daniel Acker | Bloomberg | Getty Images

The housing boom that kicked into gear during the pandemic is just the start of a bullish cycle for homebuilders, and some stocks stand out as future winners, Wells Fargo found.

A shortage of dwellings on the market has boosted prices for housing and lumber in the U.S., a trend that has continued since demand picked up last year after the early wave of Covid-19.

Housing starts in March rose substantially both on a month-over-month and a year-over-year basis, according to the Commerce Department, with permits also rising.



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