Meritage Homes Stock Discussion

The real estate sector has lagged behind the broader market this year, with $Dow Jones U.S. Real Estate Index (.DJUSRE.US)$ only rising 1.69% compared to $S&P 500 Index (.SPX.US)$'s 16.67% increase and the Dow Jones Industrial Average $Dow Jones Industrial Average (.DJI.US)$'s 7.23% rise year-to-date. However, over the past ten days, the S&P 500 has declined 0.15%, the Dow Jones Industrial Average has gained 2.72%, and the Dow Jones Real...

Fueled by expectations of the upcoming interest rate cuts and hopes for a soft landing, shares of homebuilders are soaring to new record levels. The S&P Homebuilders Select Industry Index has impressively surged by 37% since its October low, surpassing all three major stock indices.
Notably, the homebuilders favored by Warren Buffett - $D.R. Horton (DHI.US)$, $Lennar Corp (LEN.US)$, and $NVR Inc (NVR.US)$ - have also achieved histo...