GRBK - Green Brick Offers Low P/E Growth Prospects Even In Down Market
2024-03-18 07:30:43 ET
Summary
- Green Brick Partners is a Texas-centric homebuilding and land development company that has broken new records in the most recent quarter and fiscal year.
- They have a strong presence in Dallas-Fort Worth and Austin, Texas, and are about to enter the Houston market, which saw the largest number of new home constructions in 2023.
- Green Brick has experienced significant growth, with record home-closing revenue, gross margins, and new orders, making it an attractive investment option.
No doubt about it, following the news that housing starts and permits are down early in the year, this is a time few people are looking at home-builders to invest. It's understandable, but as a contrarian, when there's blood in the streets, there's time to start looking for gems....
Green Brick Offers Low P/E, Growth Prospects Even In Down Market