Industry News

Home builder reports some markets may have hit bottom

Rate of cancellations is higher than usual for Toll Brothers
Published on Dec 5, 2006

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by CareyBot

Luxury-home builder Toll Brothers Inc. reported net income of $173.8 million, or $1.07 per share diluted, compared with a fourth-quarter record of $310.3 million in fourth-quarter 2005. The earnings were close to analysts’ expectations. The company “is re-evaluating and renegotiating ...