Toll Brothers 30% Revenue Decline
Toll Brothers, the largest U.S. luxury-home builder,
reported its eighth consecutive quarterly decline in revenue. Q2 revenue -30% as new home sales tumbled.
Cancellations +25%; net value of contracts -59%; order backlog -50%; average price -26%.
The five largest builders have reported a combined $3.3 billion in net losses
reported its eighth consecutive quarterly decline in revenue. Q2 revenue -30% as new home sales tumbled.
Cancellations +25%; net value of contracts -59%; order backlog -50%; average price -26%.
The five largest builders have reported a combined $3.3 billion in net losses
Comments