Luxury homebuilder Toll Brothers reeled in a record $7.14 billion in revenue for the year, but a recent drop in new-home orders, particularly in California, put a damper on earnings. In yet another sign of how soft the high-end market has become, the company said contracts dipped 13 percent to 1,715 during the fourth quarter. That represented $1.5 billion worth of new homes, a 15 percent decline from the prior year. Toll announced earnings Tuesday; […]
source https://therealdeal.com/2018/12/04/toll-bros-revenue-soars-but-dip-in-contracts-signals-luxury-resi-slowdown/
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