Lennar Corporation (LEN), KB Home (KBH): The Housing Boom Is Almost Here

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Beyond this, homebuilding is an important source of jobs in and of itself. Again, as my colleague Morgan Housel has noted, it’s estimated that each new home generates between two and three new jobs. This is why Warren Buffett is able to confidently proclaim that, “We will come back big time on employment when residential construction comes back.”

At the end of the day, it’s no longer a question of if the market for newly constructed homes will recover; it’s already in the process of doing so. What remains to be seen, in turn, is precisely what shape the recovery will take. But either way, one this is certain, if you want to profit from this quickly approaching profit tsunami, one of the safest and most profitable ways to do so is to invest in the so-called “only big bank built to last.” Unlike the majority of other mega lenders, it’s proven its mettle as one of the safest investments around. And on top of that, it pays out a highly respectable dividend each quarter to its admiring shareholders.

The article The Housing Boom Is Almost Here originally appeared on Fool.com.

John Maxfield owns shares of Bank of America. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo.

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