Savvy Trades and Investments

[cliffvb]

TOL It's mind blowing that TOL has more than doubled its new orders yoy in August through mid september. Toll is a large company averaging nearly
$2 billion in sales per quarter. The hard part will be getting all those houses built on time and on budget particularly considering they do higher end homes requiring more skilled tradesmen. We've talked about large increases in lumber prices reflecting increased demand and shortages and I also hear there are shortages of other components needed in home construction like appliances and light and plumbing fixtures.

NWHM also came out yesterday and said their new orders in July and August were up 100% yoy! I recently reopened a small position in that one so got lucky on my timing there. I also have opened up a small position in BZH too. Both stocks are selling at a fraction of book value and more leveraged, which can be a good thing when business is booming right along with record low interest rates. I remain bullish the sector.