• Home builders drop, after Toll Brothers says the housing market is “softening further”

    11 days ago - By ETF Daily News

    From Tomi Kilgore : Shares of home builders took a broad beating Tuesday, after luxury builder Toll Brothers Inc. confirmed investors' fears by saying it witnessed the housing market “soften further” in November, especially in California, because of reduced affordability and fewer foreign buyers.
    In addition to rising interest rates and “significant” price appreciation the past few years giving buyers reason for pause, Toll Brothers TOL, +0.06% also blamed “well-publicized reports” of a housing slowdown for having a negative impact on buyer sentiment.
    The SPDR S&P Homebuilders...
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  • Toll Bros outlook shows luxury sector hit hardest in housing's new chill

    11 days ago - By CNBC

    The heat in housing demand is cooling across the nation and across most price points, but luxury is really feeling the chill. Luxury homebuilder Toll Bros. reported weaker demand, especially in California, where home prices are highest.
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