TOL240920C115000
- 37.42
- +2.94+8.53%
Toll Brothers Newsroom
Shares of Housing-related Stocks Are Trading Higher After the Fed Policy Decision to Cut Rates by 50 Basis Points, Which Could Help Curb Housing Unaffordability and Increase Demand.
Toll Brothers Is Maintained at Buy by B of A Securities
Toll Brothers Analyst Ratings
Express News | The second-hand housing sales volume in the usa fell to the lowest point since last October, and affordability remains a challenge.
U.S. residential builders are all up, with D.R. Horton and Lennar Corp both up more than 1%.
On September 19, Grengou rose more than 2%, with D.R. Horton, Lennar Corp, and Pultegroup all rising more than 1%. On the news front, Robert Dietz, chief economist of the National Association of Home Builders, said that a 50 basis point rate cut by the Federal Reserve will lower loan rates for residential construction companies.
Express News | Toll Brothers Inc : BofA Global Research Raises Price Objective to $165 From $160
Express News | Phlx Housing Index up 1.8%
Express News | D.r. Horton up 1.4%, Lennar up 1.6%, Pultegroup up 2%, Toll Brothers up 2.2%
Express News | Homebuilder Stocks Gain After Fed Rate Cuts
BofA Securities Maintains Toll Brothers(TOL.US) With Buy Rating, Raises Target Price to $165
BofA Securities analyst Rafe Jadrosich maintains $Toll Brothers(TOL.US)$ with a buy rating, and adjusts the target price from $160 to $165.According to TipRanks data, the analyst has a success rate
Existing-Home Sales Likely Slowed in August
swhy: In the context of the Federal Reserve's interest rate cut, interest rate-sensitive real estate and manufacturing sectors may benefit.
The Federal Reserve's September meeting statement believes that progress has been made in achieving the target inflation, while job growth has slowed down and inflation and employment risks are roughly balanced. The meeting lowered the policy interest rate by 50 basis points and continued with the planned balance sheet reduction.
August Existing Homes Sales Expected to Ease After July Rebound
Why There's 'a Story of Two Different Housing Markets'
Before the resolution, good news came from the usa housing market! Last week, mortgage rates hit a two-year low, and new home construction in August reached a four-month high.
The mortgage loan interest rate continues to decline, further boosting confidence in the US real estate market. Last week, the refinancing mortgage application index hit a new high of over two years, and construction permits in August rose to the highest level in six months.
The increase in the number of new home starts in the United States in August reached a new high since April, as builders weigh inventory against demand prospects.
The annualized rate of new home construction in the United States in August was 9.6%, significantly higher than the market's expected 5.8% and the previous value of -6.8%; the total annualized number of new homes started in August in the United States was 1.356 million households, also higher than the market's expected 1.31 million households and the previous value of 1.238 million households, reaching the highest level since April of this year.
Study Finds 80% Reduction in Real Estate Brokerage Labor Costs
Toll Brothers To Go Ex-Dividend On October 11th, 2024 With 0.23 USD Dividend Per Share
September 17th (Eastern Time) - $Toll Brothers(TOL.US)$ is trading ex-dividend on October 11th, 2024.Shareholders of record on October 11th, 2024 will receive 0.23 USD dividend per share on October 25
Press Release: Toll Brothers Announces Cash Dividend
Confidence Rises Among US Home Builders as They Await Fed Move