==== 2024-10-11 ==== Notes from https://www.barrons.com/amp/articles/toll-brothers-lennar-real-estate-stock-picks-ivy-zelman-6407d3cf * Interview with Ivy Zelman, executive vice president of the real estate research firm Zelman & Associates, a unit of Walker & Dunlop. * Dream Finders , Lennar , PulteGroup , Toll Brothers , and Taylor Morrison all have a move-up component to their business. * Toll Brothers has been a big favorite, trading at a discount compared with its peers * Meritage Homes's competition is the existing-home market. * Lennar is more entry-level. * Roughly 30% of the nation’s land is owned by the government. It is skewed to the Western U.S. * North Carolina - endangered market * Midwest - affordable * people eventually migrate away from climate-prone markets in the Sunbelt * we’ll see more migration to the central part of the country My take: * Ivy Zelman is very knowledgeable about the housing market. Clear and concise explanations. * Her profile is at https://www.barrons.com/amp/articles/barrons-100-most-influential-women-in-u-s-finance-ivy-zelman-d4e0fb0