|Day Low/High||70.20 / 72.49|
|52 Wk Low/High||41.22 / 71.20|
The homebuilders' good results are not reflective of the state of the U.S. housing market. Toll Brothers' (TOL) reported better results this morning. But, with an average selling price of over $730,000, Toll is not representative of the entire U.S. ...
Low rates and bullish company calls mean these building-material plays look good.
Housing starts are still too low to meet the coming demand.
The recent weakness in Toll Brothers and D.R. Horton offers investors good entry points.
We have seen a huge correction, and we now need to look for signs that it is ending.
The S&P/Case-Shiller home price index rose 10.8% in April, marking its smallest 12-month gain in more than a year.
Keep a close eye on what the Fed has to say on the matter.
This looks like an imbalance between supply and price -- and it seems to have begun correcting.
Pending home sales are strong, and home-improvement retailers are busy.
This week, the big item on the calendar is the nonfarm payrolls report for May. Jim Cramer says this will be a big report, especially as there are not a lot of other data or other companies reporting.
TheStreet's Jim Cramer says interest rates have been moving lower, which is fantastic for homebuilders, especially high-end ones like Toll Brothers.
Jim Cramer weighs in on two big reports out of the homebuilder and retail sectors on May 28: Toll Brothers and Michael Kors.
The decline in mortgage rates and the lack of inventory could lift this group.
The sector's recent data reports and the charts paint an ugly picture.