Resale Market Is Hurting Due To High Rates & Low Inventory

Public builders are gaining market share, notes Alex Barron. He and Jim Worden discuss Toll Brothers (TOL) earnings. Its 4Q adjusted EPS came in at $4.11 versus an estimated $3.66 and revenue came in at $3.02B versus an estimated $2.78B. They talk about how current real estate environment affects homebuilders. Barron highlights how the resale market is hurting due to high rates and low inventory. They then go over homebuilder stocks to watch including TOL, LEN, KBH, and PHM. Tune in to find out more about the stock market today.