Homebuilding stocks surge as LA wildfires cause devastation, sparking increased demand for home reconstruction

From Investing.com: 2025-01-10 07:47:52

Shares of Toll Brothers and other homebuilding stocks surged as wildfires ravage Los Angeles. The fires, which have caused 10 fatalities and destroyed 10,000 structures, are being combated by firefighters. The market anticipates increased demand for home reconstruction, with damages estimated at $135-150 billion. President Biden has declared a major disaster.



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