Homebuilders have never been busier as they rush to meet the swelling demand. New home sales are spiking with June showing a 55% surge (year-over-year), the largest uptick since the 2005 housing boom.

The global pandemic and ultra-low interest-rates have millennials rushing to the burbs.

Homebuilder stocks have skyrocketed from their March lows. D.R. Horton (DHI Quick QuoteDHI - Free Report) , the largest homebuilder in the US, is now sitting at its all-time highs. Competitors like PulteGroup (PHM Quick QuotePHM - Free Report) , Toll Brother (TOL Quick QuoteTOL - Free Report) , and KB Home (KBH Quick QuoteKBH - Free Report) are following suit.

I suspect that this uptick in home sales will continue through the year as the economy recovers. Homebuilder stocks may not be a bad place to buy as these stocks begin to break out.

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