Builders deliver more bad news in earnings reports

Toll Bros., Standard Pacific among latest affected

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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.