Months ago, I told you the SpaceX IPO was coming in late-March.

I even gave you a free way to get in Pre-IPO.

Click here to see the details.

[GET MY FREE SPACEX PICK]

Now it's being widely reported by the mainstream press.

Reuters has “leaked” that Elon just filed in secret.

Barron's says the IPO is being inked “behind closed doors.”

And CNBC just revealed that 21 banks are lining up for what's being called "Project Apex" — Wall Street's internal codename for the SpaceX IPO.

Banks like JPMorgan. Goldman Sachs. Morgan Stanley. Bank of America. Citigroup.

They're all fighting over the potential $1.75 trillion listing.

June is the new target date.

That gives you a small window to stake your claim on what Bloomberg is calling “the biggest listing of ALL TIME."

I've already helped nearly 15,000 everyday Americans find the "backdoor" way in.

Don't miss this unprecedented opportunity.

Click here to get my FREE SpaceX pre-IPO recommendation.

[GET MY FREE SPACEX PICK]

Yours for peace, prosperity, and liberty, AEIOU,

Dr. Mark Skousen
Macroeconomic Strategist, The Oxford Club

P.S. The filing is in. The countdown has started. Don't be the one who waited too long.

Click here for my full breakdown.

3 Homebuilder Stocks Signaling Opportunity in a High-Rate World

Reported by Chris Markoch. Posted: 4/17/2026.

One problem with lowering the cost of capital is when you have to raise it. That's the central tension: prospective homebuyers facing a market with a chronic lack of supply.

Mortgage rates may not be high by long-term historical standards, but compared with the last 15 years many would-be buyers are effectively priced out. As of April 14, the 10-year Treasury showed no signs of easing; it serves as a benchmark for the 30-year fixed mortgage.

That stings after the Great Relocation of 2020–2021, when homes changed hands at breakneck speed and record prices. Today, few homeowners are willing to trade a 3% mortgage for one near 7%.

That lock-in effect has frozen existing inventory. New construction is often the only housing available. For risk-tolerant investors, that creates a real, if nuanced, opportunity. But first, it’s important to understand the nature of the crisis.

The Supply Crisis That Won't Fix Itself

Before examining individual stocks, the macro backdrop matters. The U.S. housing supply gap widened to an estimated 4.03 million homes in 2025, and that figure has grown every year for more than a decade.

White House economists estimate the shortage could be as large as 10 million homes. The gap reflects years of underbuilding, restrictive zoning, and labor shortages — none of which can be resolved quickly.

Even under an optimistic scenario — construction up 50% and pent-up demand fully absorbed — closing the gap takes roughly seven years. That's a long structural tailwind for builders and something investors can potentially profit from.

There is also a generational pool of latent demand. An estimated 1.82 million Millennial and Gen Z households were "missing" in 2025 because high costs delayed their entry into the market. That demand doesn't disappear; it waits.

Why High Rates Are a Double-Edged Sword for Builders

Here's the counterintuitive core of the story: the same rates that crush affordability are also keeping existing homeowners in place. Sellers don't want to trade a 3% mortgage for 7%, so they stay put.

That freeze drains resale inventory and pushes buyers who can still qualify toward new construction. Builders become the primary source of available housing. Below are three stocks to consider in that context.

D.R. Horton (DHI): Built for This Market

D.R. Horton (NYSE: DHI) is the largest homebuilder in the U.S. by volume. Its focus on entry-level, affordably priced homes is precisely what this market demands most.

D.R. Horton's strategy is often summarized as "pace over price." The company prefers to offer incentives to keep inventory moving rather than hold out for peak margins. In a high-rate, affordability-constrained market, that philosophy can be effective.

DHI operates in-house mortgage and financial services divisions, which let it fund rate buydowns directly and capture buyers who otherwise couldn't qualify at prevailing rates. Smaller builders simply can't compete with that capability.

The company's three-to-five-year earnings per share (EPS) growth rate is pegged near 18%, suggesting the market may be underpricing the durability of its model. The primary risk is sustained high rates pushing buydown costs higher and compressing margins further into 2027.

Lennar (LEN): Pivoting to Asset-Light at Scale

Lennar Corp. (NYSE: LEN) is executing one of the most deliberate strategic pivots in the sector, actively moving toward an asset-light model by offloading land development to third parties to reduce balance-sheet exposure.

In Q1 2026, Lennar delivered 16,863 homes, down 5% year-over-year, but new orders rose 1% to 18,515 homes. That order growth matters: it signals demand is holding as the company reshapes its cost structure.

The concern is incentive spending. Lennar has been allocating roughly 14% of the sales price to mortgage rate buydowns and closing-cost assistance. That preserves volume but compresses margins.

If rates remain elevated through late 2026, that incentive load may have to climb higher. Investors should watch gross-margin trends closely each quarter. Lennar's scale gives it staying power, but this is a transition story, and transitions carry risk.

NVR Inc.: The Capital Efficiency Blueprint

NVR Inc. (NYSE: NVR) is structurally different from its larger peers. It owns almost no land outright and instead controls lots through options contracts, which give it the right — but not the obligation — to buy.

That distinction matters. If market conditions deteriorate, NVR can walk away from an option and lose only a small fee. D.R. Horton and Lennar, which hold owned land, face a much steeper cost of being wrong.

That model produces exceptional capital returns. NVR posted a sector-leading return on equity of 34.7% in 2025, nearly double the industry average. Berkshire Hathaway's long-term stake is a further signal of confidence in the model's durability.

There are trade-offs. NVR's geographic concentration in the Mid-Atlantic and Midwest limits exposure to the high-growth Sun Belt, and it trades at a premium — roughly 15x earnings versus the sector's 10–12x average — leaving less margin for error. For investors who prioritize capital efficiency over rapid growth, however, NVR remains the sector's gold standard.