50% off Premium Yearly
Toll Brothers Inc.TOLPAST TOP PICKDec 14, 2021Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
Don't give too much credence to consensus target prices. Likes it very much. All homebuilders are trading at high single digits, inexpensive. 40% of US homeowners have mortgages of 4% or lower, so they're not likely to sell. Opens up field for new homes. He'd continue to hold or buy.
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.