Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: FreedomCalls
Thanks for the list. Are those existing homes? I was referring to New homes being built by Toll Brothers.

I suspect the majority of homes that have been reduced were overpriced to begin with.. Just an observation of what I've seen in my 3 year hunt for a larger home.
307 posted on 12/13/2006 2:25:59 PM PST by divine_moment_of_facts ("So, I put on some tangerine lip gloss and answered the door.. I was one lucky woman.")
[ Post Reply | Private Reply | To 182 | View Replies ]


To: divine_moment_of_facts
Toll Brothers sees no end to home slump
November 7 2006

NEW YORK (CNNMoney.com) -- Toll Brothers became the latest builder to cut guidance as its founder said he sees no end of the deep slump in home building.

"We continue to look for signs that a recovery is imminent but can't yet say that one is in sight," said a statement from company Chairman and CEO Robert Toll. "We see some signs of pent-up demand when we have special sales events or new community openings. And in some markets, good weeks are interspersed amongst weaker ones."

The builder of luxury homes reported preliminary results that showed revenue in the quarter ending Oct. 31 fell 10 percent to $1.81 billion, slightly below the $1.87 billion forecast of analysts surveyed by earnings tracker First Call.

The company also warned it will deliver 6,300 and 7,300 homes in the fiscal year that began last week. This compares to its previous guidance of 7,000 to 8,000 deliveries.

A big part of the weaker-than-expected results for the nation's No. 6 home builder was a jump in canceled orders.

308 posted on 12/13/2006 2:54:44 PM PST by FreedomCalls (It's the "Statue of Liberty," not the "Statue of Security.")
[ Post Reply | Private Reply | To 307 | View Replies ]

To: divine_moment_of_facts
Just an observation of what I've seen in my 3 year hunt for a larger home.

If you've taken 3 years to find a "larger home", you aren't a serious homebuyer.

Either you're a control freak or your real estate agent is a moron.

366 posted on 12/16/2006 8:23:26 AM PST by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon)
[ Post Reply | Private Reply | To 307 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson