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Home-builder stocks sink after Toll Brothers blames rising rates, negative media for further market slowdown

Tomi Kilgore
Home-builder stocks sink after Toll Brothers blames rising rates, negative media for further market slowdown

Shares of home builders took a broad beating Tuesday, after luxury builder Toll Brothers confirmed investors fears by saying it witnessed the housing market “soften further” in November, especially in California, because of reduced affordability and fewer foreign buyers.