The report on July new home sales crosses Thursday.
Toll Brothers beat Wall Street estimates on quarterly profit and revenue, said Williams Financial Group analysts in a note.
“Overall, we are encouraged by the Toll’s ability to drive broad-based improvements across all operating metrics. We remain somewhat cautious with respect to the luxury end of the market as we believe the pent-up demand of this demographic is likely less substantial than that of the first time buyer, and will slow as the recovery further develops,” the analysts said.
iShares Dow Jones US Home Construction
