Homebuilders are directly impacted by higher interest rates, says Alexis Browne. She and Kenneth Leon discuss Toll Brothers (TOL) and homebuilders. Alexis notes that most homeowners are unwilling to sell right now, so builders should see renewed demand. Kenneth believes that declining new orders will lead to lower revenue and EPS in FY23 for TOL. They also compare TOL to other homebuilder stocks such as KBH, XHB, LEN, DHI, and PHM. Tune in to find out more about the stock market today.
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