GRBK - Green Brick Partners: Where Macro Fears Overlook Micro Opportunity
- Homebuilders have gotten crushed by the weight of macro fears surrounding interest rate normalization.
- Green Brick Partners is a niche homebuilder with focused positions in key markets that are supported by population/migratory trends - i.e. idiosyncratic drivers not tied to rates.
- GRBK shares have fallen 25% YTD as there is no nuance in this market and I argue this presents an opportunity to concentrate on a niche player in the homebuilders.
For further details see:
Green Brick Partners: Where Macro Fears Overlook Micro Opportunity