LEN - Century Communities Is A Stellar 'Growth At A Reasonable Price' Homebuilder

(Wade Jurney "Cottage" Home Design)

If you've read some of my recent articles, you'd know that I believe homebuilders are headed for another long-term secular bull market. The last recession wiped out the industry and the recovery has been long in the making as Millennials have been slow to buy entry-level homes.

In fact, the 2010s were the slowest year for home development in decades, vacancies have declined toward a long-term minimum and the homeownership rate is back to pre-2000s levels. See below:

Data by YCharts

With all of those figures beginning to

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