5 Best Housing Stocks to Buy Now

In this piece, we will take a look at the five best housing stocks for you to buy. If you want an industry primer and more stocks, then head on over to 10 Best Housing Stocks to Buy Now.

 5. Toll Brothers, Inc. (NYSE:TOL)

Number of Hedge Fund Holders: 29

Toll Brothers, Inc. (NYSE:TOL) is an American company that builds and sells luxury homes in America. Additionally, the company also helps buyers arrange to finance their purchases. It is headquartered in Fort Washington, Pennsylvania.

Toll Brothers, Inc. (NYSE:TOL) has a strong customer base that is in the upper echelon of homebuyers, as the average purchase price for a house built by the company is $1 million. This insulates the company against the effects of an economic downturn. Additionally, the firm operates in markets that have high barriers to entry, such as Los Angeles and San Francisco. Toll Brothers, Inc. (NYSE:TOL) is also aggressively targeting the rental market, having spent $2.3 billion in the segment since 2020. Finally, the firm also pays out a 20 cent dividend for a 1.77% yield.

BofA kept a $49 price target for the company in August 2022, stating that it has a high order backlog and markets are slowing in this economic environment. 29 of the 895 hedge funds polled by Insider Monkey during this year’s second quarter had bought Toll Brothers, Inc. (NYSE:TOL)’s shares.

Toll Brothers, Inc. (NYSE:TOL)’s largest investor is Edgar Wachenheim’s Greenhaven Associates which owns 5.3 million shares that are worth $238 million.