Toll Brothers CEO: U.S. Housing Market Is Strong

The video discusses the current state of the housing market, highlighting its strength compared to past booms, particularly the mid-2000s. It emphasizes the solid fundamentals of the market, such as limited supply and high demand, and notes the impact of global economic factors like China's capital controls and Brexit. The focus then shifts to the California market, where tech buyers influence affordability, and the importance of location and product in achieving success. Finally, it outlines indicators of market stability, including employment and inventory levels.

How has the demand picture changed in California since the purchase of Shapell homes?

What factors do you consider to determine if a market is overheated or steady?