The disappearance of buyers in California and a tepid luxury market in New York helped send Toll Brothers’ new home orders down 24 percent in the first fiscal quarter of 2019, its worst showing since the throes of the Great Recession. In the first quarter, the company’s revenue grew but contract volume dropped significantly due to broader market sluggishness. Home sales revenue was up 12 percent year-over-year to $1.32 billion, but at the same time, […]
source https://therealdeal.com/2019/02/27/toll-brothers-just-had-its-worst-quarter-for-contracts-since-2010/
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