Warren Buffett is rightly known as the greatest investor of all time.

His company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), is now worth roughly $1 trillion, thanks to little more than Buffett's investing acumen. Berkshire is one of the most valuable companies in the world, not because of a blockbuster product or dominance of a certain industry, but because of Buffett's ability to make market-beating investments -- both in Berkshire's stock portfolio and its wholly owned subsidiaries.

Not surprisingly, the 94-year-old's investing moves are still closely followed by millions. Berkshire maintains a relatively svelte portfolio of 39 stocks and exchange-traded funds (ETFs) at the moment, meaning it's worth paying attention to the stocks he owns.

In recent years, Berkshire has added a number of homebuilders and housing-related stocks to its portfolio, and those moves seem ready to pay off as the housing market is expected to rebound next year. The Federal Reserve is now cutting interest rates, which should help lower mortgage rates, and drive a rebound in home buying. Existing home sales are now down 40% from their pre-pandemic levels.

Keep reading to see two Warren Buffett stocks that could soar on the trend into next year.

1. NVR

NVR (NYSE: NVR) is often considered the best-in-class homebuilder stock, and it's easy to see why. The stock is up an incredible 175,000% over the last 30 years, meaning it's turned $1,000 into $1.75 million.

The homebuilder, whose brand names include Ryan Homes, NVHomes, Fox Ridge Homes, and Heartland Homes, operates in 16 states, focusing on the eastern half of the U.S., and Washington, D.C. It's more financially conservative in down markets than its peers and has thrived through a different business model than they have.

Rather than buying land to build on, which is risky, NVR has an asset-light model that is based on lot purchase agreements, giving it an option to buy lots and helping it preserve its liquidity.

That's all helped the company better manage the boom and bust cycles of the homebuilding industry. With a national housing shortage estimated in the millions of homes, there is ample opportunity for NVR to grow, especially as the housing shortage and a lack of affordable housing have become central issues in the election.

Recent growth has been modest due to headwinds in the housing sector, including high mortgage rates, but that should ease now that the Fed is cutting rates. As homebuying gets more affordable, increasing demand for new homes should benefit a seasoned operator like NVR.