Recent homebuyer numbers show 'spending is just beginning' for millennials, Jim Cramer says

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Recent homebuyer numbers show 'spending is just beginning' for millennials, Jim Cramer says
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Recent homebuyer numbers show 'spending is just beginning' for millennials, Cramer says

"After a decade of cocooning, millennials want to buy homes that represent value, which is in keeping with the way they shop for everything else," theToll Brothers reported stronger-than-expected results in its fiscal 2019 fourth quarter, earning $1.41 per share on revenue of $2.38 billion. The company sold 2,672 units totaling $2.29 billion in home sales in the three-month period ending in October.

"This market is strong and demographics suggest it will grow over the next decade as millennials mature," Yearley said.

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