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TOL vs. LEN: Which Stock Is the Better Value Option?
Here is how Toll Brothers (TOL) and United Rentals (URI) have performed compared to their sector so far this year.
Strong revenue and earnings in FY 2022 combined with a large backlog for 2023 are crucial for the company to weather the downturn in housing market. Yet several weaknesses have already started to show
CNBC's Diana Olick joins 'Closing Bell' to discuss homebuilders and whether the stocks are getting closer to a bottom.
Shares of Toll Brothers are up after Bank of America upgraded the stock to Buy and bumped its price target to $68.
BofA is anticipating a drop in the 30-year mortgage rate to about 5.25% this year - a move favorable to homebuilding stocks.
Shares of home builders enjoyed a broad rally Wednesday after BofA Securities said it sees a “favorable setup” for the sector, with lower mortgage rates on the horizon.

Are Homebuilders Telling Us the Worst Is Over?

01:33pm, Monday, 09'th Jan 2023
Homebuilders continue to rally into the new year in the face of elevated mortgage rates and declining housing data.
Toll Brothers (TOL) reported earnings 30 days ago. What's next for the stock?
The Santa Claus Rally is a time when stocks are expected to rally into year-end. Investors often have incorrect assumptions about the phenomenon.
The housing market is a mess. Homebuilder stocks are suffering.
Pulte Capital CEO Bill Pulte joins 'Closing Bell: Overtime' to discuss the housing industry as homebuilder stocks hold up.
Although higher mortgage rates, a rise in input prices and land/labor costs pose risks, lack of existing homes for sale and better operating leverage are likely to drive the Zacks Building Products -
Among major stock indexes, only the Dow was able to post even a tiny gain Wednesday.
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