Toll Brothers (TOL) Surges 37.3% YTD: Will the Momentum Continue? – May 31, 2023
The lack of existing homes for sale and more stabilized mortgage rates have been boosting the confidence of the homebuilders. Also, lumber prices have been declining since March 2023, which is helping the companies to drive margins to some extent. These tailwinds have been driving industry bellwethers like Toll Brothers Inc. (TOL – Free Report) … [Read more…]