This Homebuilder's Orders Are Up 40%

People are buying homes at some of the highest levels in decades, and there's not enough inventory to meet the demand. Homebuilders are scrambling to take advantage of the opportunity. Moreover, there's strong evidence that this isn't a short-term blip. There are more millennials than any other age cohort, and this generation is buying houses for the first time. 

For NVR Homes (NYSE: NVR), the results are telling, with new home orders surging 40% higher in the third quarter. On the Oct. 20 edition of Motley Fool Live, "The Wrap" host Jason Hall talked about NVR's incredible growth numbers and whether the company will keep fueling growth in the years to come. 

Continue reading

Source Fool.com