Industry News

Excess supply, low consumer confidence impair market

Toll Brothers' preliminary earnings show 36% drop in revenue
Published on Nov 9, 2007

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by CareyBot

Housing markets are bad across the country and Toll Brothers was the latest large home builder to reflect that sentiment in a preliminary fourth-quarter earnings report Thursday. Fourth-quarter home-building revenues declined 36 percent to $1.17 billion compared to the same ...