"Inventories are tight, Toll said"
Meanwhile, in reality land...
The market says Toll is full of shyte.
Personally I would take a hard look at the demographics of the purchasers of the homes being bought.
Though as far as people like Toll Brothers are concerned all that matters is the color of the money they are being paid or if the buyers qualify for a mortgage.
The number of foreclosure legal ads in the back of the local paper is still holding at the fairly steady pace seen for five years or so. Times are great all over!
Yeh if you are a Chinese investor. Thats who is buying up all the properties.
Its hard to make a mortgage payment on unemployment compensation or on a 29 hour per week salary. Wait til the interest rates jump up another point or two.