Toll Brothers Inc. NYSE:TOL, D.R. Horton, Inc. NYSE:DHI - How To Play The Coming New Home Sales Surge On August 12, UBS Global Research analyst Susan Maklari published a research report focused on drivers for U.S. new home sales, as well as updating homebuilder ratings and price targets. Over the next 18 to 24 months, she sees moderating home price appreciation and an increased builder focus on first time homebuyers (Millennials), spurring higher volumes of new home sales. The new UBS builder price targets below, are based upon a 50/50 blend of 2017 estimated P/E and P/BV (book value), per share. UBS - Home Sales Forecast Maklari is forecasting a surge in new home sales growth of 15 to 20 percent through 2017, a strong tailwind for builders which are well positioned. UBS - Overall Business Evaluation Luxury homebuilder Toll Brothers Inc TOL 1.06% was an exception to the first-time buyer thesis, with UBS upgrading the stock from Neutral to Buy, based on "business acumen." UBS significantly boosted its Toll Brothers target price from $35 to $48 per share, which... More