Seeking Alpha

"Leveling in demand" comment noted from Toll Bros.

  • Toll Brothers (TOL +0.1%) gives up a sizable post-earnings premarket pop with management's "leveling in demand" comment about the current (6-week-old) quarter offering a nice excuse to sell. Thus far in the quarter, contracts are flat from last year after rising 6% in FQ4 and 25% in FQ3.
  • Homebuilders ETFs: XHB +0.2%, ITB +0.3%.
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