<p>在更广泛的标准普尔 500 指数反弹中被抛在一边后，房地产行业似乎现在已经冷却（并且足够便宜），一些华尔街参与者开始重新考虑这个领域。这一次，发现不寻常的看涨期权交易活动可以引导投资者找到市场中的高信念，特别是在住宅建筑行业。</p>
<p><strong>SPDR S&amp;P Homebuilders ETF NYSEARCA: XHB</strong> 报告称，来自看涨期权交易者的兴趣异常高，这从根本上是对整个领域在未来几个月将看到更高价格的押注。</p>
<p>发现这些交易至关重要，因为期权固有的杠杆和到期性，使得在任何特定想法上投资大量资本的风险更高。</p>
<p>然而，寻找住宅建筑公司超额回报机会的投资者可能（并且应该）为他们的投资组合进行一些个股挑选，这就是今天名单的作用。像 <strong>PulteGroup Inc. NYSE: PHM</strong>、<strong>Lennar Corp. NYSE: LEN</strong> 和 <strong>Toll Brothers Inc. NYSE: TOL</strong> 这样的建筑商位于优先考虑的名单之上，准备迎接下一波市场行动。</p>
<h2><strong>PulteGroup 股票的动能发生了变化</strong></h2>
<p>尽管这家住宅建筑商的交易价格仍仅为其 52 周高点的 78%，使其处于正式的熊市中，但最近的价格走势似乎显示出潜在的根本变化正在发生。在过去的一个季度中，这只股票的净回报为 11.7%，表明投资者的情绪略微向好。</p>
<p>考虑到这一价格走势，投资者看到一些专注于这些动能策略的机构最近购买了 PulteGroup 股票也就不足为奇了。截至 2025 年 7 月底，Nordea Investment Management 增加了其 PulteGroup 持股 2.8%，使其持股总额达到今天的 9400 万美元。</p>
<p>也许这是住房市场触底周期的迹象，建筑许可证到抵押贷款申请的数据表明 2025 年下半年可能会出现转机。这一变化的催化剂可能归功于美联储以及对利率削减将在这一时间范围内影响经济的猜测。</p>
<p>考虑到这些因素，瑞银分析师约翰·洛瓦洛决定通过 <strong>买入评级</strong> 表达他对公司未来的乐观态度。这个观点伴随着每股 150 美元的估值提升。从目前股票的交易价格来看，这一看法暗示着额外的 29% 的上涨潜力。</p>
<h2><strong>每股收益增长可能使 Lennar 股票飙升</strong></h2>
<p>股票价格走势的主要驱动因素之一是其潜在的每股收益（EPS）增长率。Lennar 股票的增长足以让投资者考虑公司估值的新潜在上限。</p>
<p>与今天报告的每股收益 1.90 美元相比，华尔街分析师对 2025 年第四季度每股收益 3.09 美元的预测暗示，Lennar 可能实现 <strong>大约 60% 的净每股收益增长率</strong>，以证明股票价格在百分比上的类似上涨。</p>
<p>这一情景是否会实现将取决于基本面设置和催化剂，特别是住房数据的反弹，如许可证和抵押贷款申请，这将直接受到美联储在 2025 年前的决策影响。</p>
<p>根据公司最新的季度业绩，似乎这一转机可能正在遭遇困难，因为新订单总数达到 22,601 套房屋，年增长率为 6%，这一数字并不是来自于放缓业务的预期。</p>
<h2><strong>空头卖家承认 Toll Brothers 股票将上涨</strong></h2>
<p>仅在过去一个月，Toll Brothers 的空头头寸下降了 9.1%，这表明潜在的看跌投降，尤其是越来越多的参与者意识到宏观背景现在创造了一个不对称的局面，利好多头。</p>
<p>考虑到这一局面，市场上的一些投资者现在愿意利用这一机会，尤其是现在股票交易价格仅为其 52 周高点的 72%，这进一步放大了买家利用这一机会的良好风险回报比。</p>
<p>来自 Jennison Associates 的配置者在 2025 年 8 月增加了 11.2% 的 Toll Brothers 股票持有量，这一近期交易使他们的持股总额达到今天的 8150 万美元，也使他们成为今天公司 <strong>最大的机构持有者之一</strong>。</p>
<p>看起来，SPDR S&amp;P Homebuilders ETF 背后的信念特别集中在这三家住宅建筑商身上，为投资者在市场其他部分赶上这一趋势之前提供了不公平的优势。</p>
<h2>你现在应该投资 1000 美元在 Lennar 吗？</h2>
<p>在考虑 Lennar 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐现在购买，以便在更广泛的市场注意到之前……而 Lennar 并不在名单上。</p>
<p>虽然 Lennar 目前在分析师中被评为持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票的详情</p>

托尔兄弟

<p>交易者对房地产股票，特别是住宅建筑行业，变得乐观，因为复苏的迹象开始显现。SPDR S&P 房屋建筑商 ETF 的看涨期权交易量增加，表明市场对价格上涨的预期。PulteGroup、Lennar 和 Toll Brothers 等关键参与者因其潜在的上涨空间而受到关注。PulteGroup 最近的回报率为 11.7%，显示出积极的动能，而 Lennar 的每股收益增长可能导致股票价格显著上涨。随着空头头寸的减少，Toll Brothers 也引起了关注，这表明市场的看涨情绪</p>

<p>After being left behind on the broader S&amp;P 500 rally, it seems the real estate sector is now cold enough (and cheap enough) for some Wall Street participants to start considering it again. This time around, spotting unusual call options trading activity can lead investors to where these high convictions are for the market, especially in the homebuilding industry.</p>
<div class="lb-trans"><p>在更广泛的标准普尔 500 指数反弹中被抛在一边后，房地产行业似乎现在已经冷却（并且足够便宜），一些华尔街参与者开始重新考虑这个领域。这一次，发现不寻常的看涨期权交易活动可以引导投资者找到市场中的高信念，特别是在住宅建筑行业。</p>
</div><p>The <strong>SPDR S&amp;P Homebuilders ETF NYSEARCA: XHB</strong> has reported an unusual level of interest coming from options traders on the call side, which is fundamentally a bet that the entire space is going to see higher prices in the coming months.</p>
<div class="lb-trans"><p><strong>SPDR S&amp;P Homebuilders ETF NYSEARCA: XHB</strong> 报告称，来自看涨期权交易者的兴趣异常高，这从根本上是对整个领域在未来几个月将看到更高价格的押注。</p>
</div><p>Spotting these trades is crucial due to options' inherent leverage and expiration, which raises the stakes even higher for those who invest a substantial amount of capital in any given idea.</p>
<div class="lb-trans"><p>发现这些交易至关重要，因为期权固有的杠杆和到期性，使得在任何特定想法上投资大量资本的风险更高。</p>
</div><p>However, those investors looking for the outsized return opportunities in homebuilding names could (and should) do some individual stock picking for their portfolios, which is where today’s list comes into play. Builders like <strong>PulteGroup Inc. NYSE: PHM</strong>, <strong>Lennar Corp. NYSE: LEN</strong>, and <strong>Toll Brothers Inc. NYSE: TOL</strong> are at the top of the queue, primed for the next wave of market action.</p>
<div class="lb-trans"><p>然而，寻找住宅建筑公司超额回报机会的投资者可能（并且应该）为他们的投资组合进行一些个股挑选，这就是今天名单的作用。像 <strong>PulteGroup Inc. NYSE: PHM</strong>、<strong>Lennar Corp. NYSE: LEN</strong> 和 <strong>Toll Brothers Inc. NYSE: TOL</strong> 这样的建筑商位于优先考虑的名单之上，准备迎接下一波市场行动。</p>
</div><h2><strong>Momentum Has Shifted for PulteGroup Stock</strong></h2>
<div class="lb-trans"><h2><strong>PulteGroup 股票的动能发生了变化</strong></h2>
</div><p>Even though this homebuilder still trades at only 78% of its 52-week high level, keeping it within an official bear market, the recent price action seems to show a potential underlying change happening right now. Over the past quarter, this stock has delivered a net return of 11.7%, indicating a slightly more positive sentiment to investors.</p>
<div class="lb-trans"><p>尽管这家住宅建筑商的交易价格仍仅为其 52 周高点的 78%，使其处于正式的熊市中，但最近的价格走势似乎显示出潜在的根本变化正在发生。在过去的一个季度中，这只股票的净回报为 11.7%，表明投资者的情绪略微向好。</p>
</div><p>With this price action in mind, it shouldn’t be a surprise for investors to see some institutions focused on these momentum strategies have bought into PulteGroup stock recently. As of late July 2025, those from Nordea Investment Management have justified a 2.8% boost in their PulteGroup holdings, bringing their stakes to a high of $94 million today.</p>
<div class="lb-trans"><p>考虑到这一价格走势，投资者看到一些专注于这些动能策略的机构最近购买了 PulteGroup 股票也就不足为奇了。截至 2025 年 7 月底，Nordea Investment Management 增加了其 PulteGroup 持股 2.8%，使其持股总额达到今天的 9400 万美元。</p>
</div><p>Perhaps it is the housing market's bottoming cycle, with data from building permits to mortgage applications showing a potential turnaround for the second half of 2025. The catalyst behind this shift could be credited to the Federal Reserve and the speculation that interest rate cuts could be hitting the economy in this time horizon.</p>
<div class="lb-trans"><p>也许这是住房市场触底周期的迹象，建筑许可证到抵押贷款申请的数据表明 2025 年下半年可能会出现转机。这一变化的催化剂可能归功于美联储以及对利率削减将在这一时间范围内影响经济的猜测。</p>
</div><p>Knowing these factors are at play for this homebuilder, UBS analyst John Lovallo decided to express his optimism on the future of the company through a <strong>Buy rating</strong>. This view came coupled with a valuation boost to $150 per share. From where the stock trades today, this call implies an additional upside potential of 29%.</p>
<div class="lb-trans"><p>考虑到这些因素，瑞银分析师约翰·洛瓦洛决定通过 <strong>买入评级</strong> 表达他对公司未来的乐观态度。这个观点伴随着每股 150 美元的估值提升。从目前股票的交易价格来看，这一看法暗示着额外的 29% 的上涨潜力。</p>
</div><h2><strong>EPS Growth Could Send Lennar Stock Soaring</strong></h2>
<div class="lb-trans"><h2><strong>每股收益增长可能使 Lennar 股票飙升</strong></h2>
</div><p>One of the main drivers behind a stock’s price action is its underlying earnings per share (EPS) growth rate. Lennar stock has grown enough to make investors consider a new potential ceiling in the company’s valuation.</p>
<div class="lb-trans"><p>股票价格走势的主要驱动因素之一是其潜在的每股收益（EPS）增长率。Lennar 股票的增长足以让投资者考虑公司估值的新潜在上限。</p>
</div><p>Compared to today’s reported $1.90 in EPS, Wall Street analysts and their forecasts for $3.09 in EPS for the fourth quarter of 2025 imply that Lennar could deliver a <strong>net EPS growth rate of roughly 60%</strong> to justify a similar jump in the stock’s price action in percentage terms.</p>
<div class="lb-trans"><p>与今天报告的每股收益 1.90 美元相比，华尔街分析师对 2025 年第四季度每股收益 3.09 美元的预测暗示，Lennar 可能实现 <strong>大约 60% 的净每股收益增长率</strong>，以证明股票价格在百分比上的类似上涨。</p>
</div><p>Whether this scenario unfolds will depend on the fundamental setups and catalysts at play, particularly a rebound in housing data, such as permits and mortgage applications, which will be directly influenced by the Fed's decisions before 2025.</p>
<div class="lb-trans"><p>这一情景是否会实现将取决于基本面设置和催化剂，特别是住房数据的反弹，如许可证和抵押贷款申请，这将直接受到美联储在 2025 年前的决策影响。</p>
</div><p>As of the company’s latest quarterly results, it seems that this turnaround might be taking on water, considering that new orders reached 22,601 total homes for an annual growth rate of 6%, not a figure that is expected from a slowing business.</p>
<div class="lb-trans"><p>根据公司最新的季度业绩，似乎这一转机可能正在遭遇困难，因为新订单总数达到 22,601 套房屋，年增长率为 6%，这一数字并不是来自于放缓业务的预期。</p>
</div><h2><strong>Short Sellers Admit Toll Brothers Stock Is Headed Higher</strong></h2>
<div class="lb-trans"><h2><strong>空头卖家承认 Toll Brothers 股票将上涨</strong></h2>
</div><p>Over the past month alone, 9.1% of Toll Brothers’ short interest declined in a sign of potential bearish capitulation, especially as more and more participants realize that the macro backdrop has now created an asymmetrical setup that favors the bulls over anyone else.</p>
<div class="lb-trans"><p>仅在过去一个月，Toll Brothers 的空头头寸下降了 9.1%，这表明潜在的看跌投降，尤其是越来越多的参与者意识到宏观背景现在创造了一个不对称的局面，利好多头。</p>
</div><p>With this setup in mind, it should be expected that some investors in the market are now willing to take advantage of this opportunity, especially now that the stock has traded down to only 72% of its 52-week high, to amplify the fact that it is a fantastic risk-to-reward ratio for buyers to take advantage of.</p>
<div class="lb-trans"><p>考虑到这一局面，市场上的一些投资者现在愿意利用这一机会，尤其是现在股票交易价格仅为其 52 周高点的 72%，这进一步放大了买家利用这一机会的良好风险回报比。</p>
</div><p>Allocators from Jennison Associates justified adding an extra 11.2% to their overall Toll Brothers stock holdings as of August 2025, a recent transaction that netted their position to a high of $81.5 million today, also making them one of the <strong>largest institutional holders of the company</strong> as of today’s terms.</p>
<div class="lb-trans"><p>来自 Jennison Associates 的配置者在 2025 年 8 月增加了 11.2% 的 Toll Brothers 股票持有量，这一近期交易使他们的持股总额达到今天的 8150 万美元，也使他们成为今天公司 <strong>最大的机构持有者之一</strong>。</p>
</div><p>It appears that the conviction behind the SPDR S&amp;P Homebuilders ETF can be particularly focused on these three homebuilders, giving investors an unfair advantage before the rest of the market catches up on this trend.</p>
<div class="lb-trans"><p>看起来，SPDR S&amp;P Homebuilders ETF 背后的信念特别集中在这三家住宅建筑商身上，为投资者在市场其他部分赶上这一趋势之前提供了不公平的优势。</p>
</div><h2>Should You Invest $1,000 in Lennar Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 Lennar 吗？</h2>
</div><p>Before you consider Lennar, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 Lennar 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lennar wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐现在购买，以便在更广泛的市场注意到之前……而 Lennar 并不在名单上。</p>
</div><p>While Lennar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Lennar 目前在分析师中被评为持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票的详情</p>
</div>

交易员再次转向看涨住房股票——三只股票领跑