Thursday, April 23, 2009

Robert Toll Says 80% of the Housing Market Is on the Way Back

This is very bullish. Bob Toll is Chairman and CEO of Toll Brothers, nationwide home builders

I had a chance to talk to Toll a couple of years back at a Michael Milken conference, he doesn't pull punches. If he sees a turnaround, it's real. Toll told CNBC that strength isn’t limited to just a few areas of the country. He said the trend was “pretty much nationwide, except for a couple of markets that are still deader than doornails and probably will be for another year or two.” About 80% of the U.S. “seems to be on the way back.”

For a solid recap of the straight shooter that Toll is see this CNBC report.

2 comments:

  1. I recall someone had noted he was selling his holdings in Toll Bros. back in 2006 and 2007. I wonder if there's a service that graphs investor holdings based on SEC filings. It would be interesting to see if he's buying again.

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  2. Why did his company get caught offguard by the housing crack-up boom if he's such a visionary?

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