Contrary to bearish fears, Toll Brothers' CEO feels this housing boom has legs and is actually starting to recover to satiate pent-up demand. He agrees. This isn't the eve of the Great Recession; there won't be a housing collapse, because lending laws are much tighter. In May, existing U.S. home prices hit a record high. Homebuilders have excellent credit and the banks are strong.
On Wednesday we'll see US home sales data, which he feels remain strong, but there isn't enough supply. Toll and DHI (DR Horton) are buys here to capitalize on this shortage.
(A Top Pick June 15/16. Up 42%.) As with the banks, this is one that you Buy and be patient with. Home formations in the US have been below trend for years and years. People have to live somewhere and the homebuilders will do well over time.
He would want to be in the homebuilders for sure. The Trump administration is going to make this a very attractive place to go. If income tax rates are coming down, it is going to be terrific. He also feels millennials want a house, so the formation is going to happen.
The root of success for homebuilders is new orders and prices, the rest of it is kind of noise. This company is doing well.
(Top Pick Feb 17/15, Down 29.60%) A very high quality builder with a lot of land holdings. Housing starts are at record levels. Data points support a continued recovery in housing. Last year it was not as fast as people had hoped. This one is quite interesting unless the US goes into recession, which he does not see.
Toll Brothers Inc. is a American stock, trading under the symbol TOL-N on the New York Stock Exchange (TOL). It is usually referred to as NYSE:TOL or TOL-N
In the last year, 5 stock analysts published opinions about TOL-N. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toll Brothers Inc..
Toll Brothers Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Toll Brothers Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Toll Brothers Inc. In the last year. It is a trending stock that is worth watching.
On 2022-05-24, Toll Brothers Inc. (TOL-N) stock closed at a price of $44.54.