For investors in home builder stocks, the past few weeks have been quite confusing. First, the markets were set ablaze by huge jumps in confidence, new starts, and prices. The bulls didn't even have a week to run before the Fed hinted at tapering off its stimulus program. This led to a sell-off and widespread panic that mortgage rates would soar and demand for new homes would collapse.
There may be some truth behind this fear for other home builders, but Toll Brothers (TOL) has a unique niche in the market that leaves it substantially less vulnerable to the Fed and primed to take full advantage of the housing recovery. Because TOL specializes in high-end homes, demand is...
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