Industry News

Builders deliver more bad news in earnings reports

Toll Bros., Standard Pacific among latest affected
Published on Feb 6, 2008

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by CareyBot

Luxury home builder Toll Brothers, in a preliminary earnings report today, announced that home-building revenues dropped 22 percent in the first quarter compared to the same quarter last year, while builder Standard Pacific Corp. this week reported a $440.9 million net loss in fourth-quarter 2007.

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