December 23, 2023
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Patrick Clark - Bloomberg
Toll Brothers Inc. stock rose as the homebuilder’s executives pointed to “solid” demand in recent weeks as mortgage rates pulled back from two-decade highs.
“It sure feels good heading into the spring season,” Chief Executive Officer Douglas Yearley said in an earnings call Wednesday. “We think we will be able to raise prices. And we’ll be able to continue to manage and hopefully continue to modestly reduce the incentive.”