NEW YORK (TheStreet) -- Toll Brothers (TOL - Get Report) shares are popping 3.2% to $29.66 in Monday's pre-market trading session, boosted by bullish remarks about the homebuilder's future and how shares are currently a bargain, Barron's reports.

In the recent years, the company has expanded into luxury condominium development in New York through its City Living division.

However, investors expressed concern about an oversupply of new condos in Manhattan and a possible market bust, which sent shares down 30% from an August 2015 peak.

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