Ivy

‘Remarkable’ recovery to spark 30% rally in these housing stocks, says top analyst Ivy Zelman

A contractor carries boards via a property beneath design at the Lennar Corp. Tree Tops group development in Lancaster, South Carolina, U.S., on Monday, Jan. eight, 2018.

Travis Dove | Bloomberg | Getty Visuals

(This story is for CNBC Pro subscribers only). 

A person of the major analysts on the housing sector stated Wednesday that there is significant upside for investors in homebuilder shares since of the power of the field for the duration of the coronavirus recession.

Ivy Zelman, CEO of Zelman & Associates, instructed CNBC’s “Halftime Report” that the recovery in housing has surpassed her expectations and still left the shares in the sector undervalued.

“The recovery that we’ve found in May and now into June has been frankly amazing,” Zelman stated.

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