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Jim Cramer Reacts to Toll Brothers Earnings

Are we at peak housing?

Following Toll Brothers (TOL) - Get Report earnings, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said investors will start hearing worries about "peak housing."

"Peak housing occurs when we take out much higher levels," Cramer said, "That's what happened with autos - we went to levels that were unsustainable."

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