The CEO of one of America's biggest homebuilders sounds the alarm on a 'housing slowdown' (TOB)


by markets.businessinsider.com

markets.businessinsider.com— Toll Brothers' home orders plunged 13% year-over-year in the fourth quarter, the first drop since 2014. The drop was due to a housing slowdown amid rising interest rates, and driven by a huge falloff in California demand, said CEO Douglas C. Yearley, Jr. The company's quarterly results beat on both the top and bottom lines. Watch Toll Brothers trade live. Toll Brothers, one of America's biggest homebuilders, warned Tuesday that the housing market is feeling the pain of rising interest...

markets.businessinsider.com—One of the biggest US homebuilders just sounded the alarm on a slowdown — here are the housing stocks traders are betting can sink further (PHM, LEN, DHI, TPH, TOL, LGIH, NVR, KBH, BLD, IBP). Homebuilders were under pressure this week after Toll Brothers warned of a housing-market slowdown in its quarterly earnings report. Peers like KB Home, PulteGroup and Lennar fell in sympathy. Traders are building larger short positions in many of these names, according to analysis by S3 Partners. Homebuilder stocks were under pressure this week after Toll Brothers issued a warning about a slowdown in the housing market, and an analysis of short interest in the sector suggests there is more...

Business Insider—The CEO behind IHOP and Applebee's perfectly illustrates how US restaurants could be one of the biggest winners of Trump’s trade war. Dine Brands CEO Steve Joyce, whose company owns popular brands like IHOP and Applebee's, laid out how President Donald Trump's trade war is helping restaurants. China, Canada, Mexico, and other countries have placed tariffs on US agricultural goods. This means farmers have a tougher time selling to those countries and are left with more supply. As supply builds, prices plunge for crops and livestock. This makes certain ingredients cheaper, like those used at IHOP and Applebee's. "We are a...

CNBC—Toll Brothers CEO blames media reports of housing slowdown for slowing housing. Toll Brothers CEO Douglas Yearley pointed to reports about the slowing housing market as the cause of the housing slowdown.