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0.00023633212541359 0.000103986135182069 0.000866551126516572 0.00122104931463685 0.00165432487789513 0.00110288325193005 0.00165432487789513 -0.00110288325193005
Stock impact report

Homebuilding Market Witnessing a Rebound in 2024: 5 Top Picks [Yahoo! Finance]

Toll Brothers, Inc. (TOL) 
Last toll brothers, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tollbrothers.com/investor-relations
Company Research Source: Yahoo! Finance
Accelerating mortgage rates, as well as rising raw material and labor costs, hit the homebuilding industry. Buyers were discouraged from investing in new homes despite strong demand. With a decline in the inflation rate, the central bank stopped hiking the benchmark lending rate in July 2023. Moreover, in its March FOMC meeting, the Fed gave an indication of three rate cuts of 25 basis points each in 2024. Positive Catalysts Hopes of a lower risk-free market interest rate have resulted in a decline in mortgage rates since November 2023. A low mortgage rate will be extremely beneficial for both home buyers and sellers. The National Association of Homebuilders/Wells Fargo Index reading showed that homebuilder confidence increased to 51 in March from 48 in February. Notably, the index has shown a secular uptrend in the last five months. March's reading was the highest since July 2023. According to Commerce Department data released on Mar 19, housing starts jumped 10.7% month o Show less Read more
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