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-0.00145835510265274 -0.000413427770533995 0.000858657677262803 -0.00268500892731398 0.000586067938449195 -0.00109490211756802 -0.00959061564392519 -0.00949975239765395
Stock impact report

Zonda's chief economist never thought Trump, the only real estate mogul-turned-president, would place tariffs on building materials when housing is already so unaffordable. She was wrong [...

Toll Brothers, Inc. (TOL) 
Last toll brothers, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tollbrothers.com/investor-relations
Company Research Source: Fortune
The wealthy are the only silver lining in the housing market—and even that may change. Zonda chief economist Ali Wolf felt optimistic about one thing in particular when President Donald Trump was elected: He understood real estate. So when homebuilders asked her about tariffs in January, she told them she couldn't imagine a real-estate-savvy president would place taxes on building materials when housing is so unaffordable for many Americans, something he promised to fix on the campaign trail. Then, in March, Trump did exactly that , placing tariffs on imported steel and aluminum. Tariffs on imported lumber could come in April. “I was wrong,” Wolf told Fortune In a matter of months, Wolf went from feeling somewhat hopeful about the housing market when it comes to builders, buyers, and sales, to gloomy. She still believes the housing world is fine. It won't burst into flames. But she does have her concerns. And the policy whirlwind America is caught in is mostly to blame. Zonda' Show less Read more
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