Get Louis Navellier’s Top
5 Stocks to Buy Now
Housing Stock #1 -
Toll Brothers (TOL)
The housing market is in deep trouble. With high unemployment and stagnant wages, many Americans simply can’t afford a house. Lenders are
also protecting themselves from bad debt by extending mortgages only to those with the very best credit scores. And to top it all off, most of those
people who can afford a home and get financing are choosing not to buy now because prices are still falling.
It all adds up to bad news for home builders and related stocks. And this trend isn’t going to turnaround anytime soon. Protect yourself by
steering clear of these housing stocks now.
Low housing starts means fewer sales for homebuilders like industry giant Toll Brothers (TOL).
In the second quarter, TOL missed earnings forecasts by a stunning 64%, when it recorded a loss of $2.93 per share. Until some
of the inventory is reduced, I expect housing starts to remain low and homebuilders like Toll Brothers to remain in deep trouble.
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