HomeMarketsU.S. Economy & JobsHomebuilders: Hold Rating on Toll Brothers (TOL)
Homebuilders: Hold Rating on Toll Brothers (TOL)

The demand environment is still strong for homes, and home builder stocks show seasonal strength from November though January, says Alan Ratner of Zelman & Associates. There is optimism for demand, but the big question is the supply chain and constraint on labor and materials, he adds. Alan thinks higher rates area a huge risk. Zelman has a hold rating on Toll Brothers (TOL) with a price target of $61.75. He discusses the refinance environment.

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