What happened Shares of the homebuilder and development company Green Brick Partners (NASDAQ: GRBK) rose as much as 13% today after one of its major shareholders released bullish comments about the stock. So what David Einhorn, president and founder of Greenlight Capital, is one of Green Brick's largest shareholders, owning 34.4% of the company's outstanding common shares. In Greenlight's Q3 letter to investors, Einhorn noted that while shares of Green Brick fell nearly 10% in Q3, he couldn't really explain why. In the second quarter, Einhorn noted that the company significantly grew earnings year over year and easily beat consensus estimates, generating a 30% return on equity. Einhorn also wrote that while he has heard the argument about how higher home values and excessive home building may deter homebuyers, he has seen no evidence of this yet. "Demand remains very strong, and with rents rising quickly, owning is becoming a more attractive option," he wrote. Image source: Getty Images. Now what I agree with Einhorn's analysis. Green Brick is generating strong returns and while there may be a lot of home building, there is also a shortage of housing in the U.S. Green Brick is also in markets with strong population growth like Texas and Florida. Trading a bit above six times forward earnings, I certainly like Green Brick at this valuation. 10 stocks we like better than Green Brick PartnersWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Green Brick Partners wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Bram Berkowitz has the following options: long February 2022 $30 calls on Green Brick Partners and long February 2022 $35 calls on Green Brick Partners. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source