It’s a great time for builders! At least Wall Street thinks so. With mortgage rates well over 6% all year, many people are not selling their homes as they are locked in at much lower rates. So with far fewer resale homes being offered for sale, buyers are leaning into new construction homes much more this year. In many parts of the country, it’s been a great year for builders and the stock market has reflected that. If we look at some of the country’s major builders you’ll see Lennar is about the lowest with a 40% gain this year, compared to the S&P 500 which at a 14% gain. Toll Brothers and Taylor Morrison are both up around 60%, while Pulte is up around 80%. There are a few around and over 100%, including Beazer Homes.