Increasing Lumber Prices To Have Minimal Impact on Homebuilder Stocks: CNBC (TOL)

Lumber prices have seen a constant increase in the recent past. David Goldberg, building, and building products analyst, shared his views about the impact of price increase on the homebuilders’ stocks in an interview with CNBC.

According to Goldberg, homebuilders have passed the increase in lumber prices to consumers. Goldberg also said that the demand for new homes is strong, and the new homeowner tax credit scheme is working well. Goldberg believes that rising lumber prices will not hamper the recovery in homebuilders’ stocks.

Goldberg’s top pick in the sector is Toll Brothers (NYSE: TOL).