Toll Brothers (TOL) reported improving earnings today thanks largely to fewer write-downs, and increasing deliveries. The fact that both signed contracts and prices both went up for Toll brothers speaks quite well for the emerging strength in the housing sector. I am not particularly interested in the homebuilder stocks due to their optimistic valuations, particularly when U.S. financials offer a more levered play on the mortgage and housing sectors, and trade at 50% on tangible book value.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.