Toll Brothers ( TOL) rallied Tuesday as the luxury homebuilder posted solid results and bragged that it's recession-proof. Though the stock and its sector have been solid bets during the downturn, analysts increasingly wonder if macroeconomic trends aren't arraying against them. "Housing will actually be a bit weaker in 2002," said Sung Won Sohn, chief economist at Wells Fargo. "Probably, the stock prices should reflect the change in housing activity going forward." From a low of $27 in September, Toll is up 74% to $47.14. It gained $3.16, or 7.2%, on Tuesday. Other builders have also benefited from the market's strength: Pulte Homes ( PHM) has risen 88% since hitting a low following the Sept. 11 tragedy, while D.R. Horton ( DHI) has gained 106%. "It's going to be tough to beat 2001, in terms of market or stock price activity," said Sohn.