Toll Brothers Shares Rise 5% as Luxury Buyers Weather Housing Slowdown
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Toll Brothers Inc. shares rose the most since June after the luxury homebuilder said its affluent customer base remains financially resilient and has helped bolster the company’s business even in a challenging environment for the US housing market.
The rise in shares reflects confidence in the luxury segment, as Toll Brothers navigates the ongoing housing slowdown with support from its wealthy clientele.
Toll Brothers
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“Toll Brothers Inc. shares rose the most since June after the luxury homebuilder said its affluent customer base remains financially resilient and has helped bolster the company’s business even in a challenging environment for the US housing market.”
Bloomberg — Toll Brothers Rises as Luxury Buyers Weather Housing Slowdown