Industry News

New-home contracts slide 29% at luxury builder

Toll Brothers reports preliminary second-quarter results
Published on May 5, 2006

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by CareyBot

In another sign of a slowing housing market, luxury-home builder Toll Brothers today reported a 29 percent drop-off in signed contracts for new homes in the second quarter totaling $1.56 billion. The Horsham, Pa.-based builder reported an 18 percent increase ...