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.