Lackluster home sales took a bite out of Toll Brothers’ 2019 profits, which dropped 20 percent to $590 million, the homebuilder reported Monday. The Pennsylvania-based firm reported $7.08 billion in 2019 revenue from home sales, down 1 percent year over year. Net signed contract value dropped 12 percent to $6.71 billion. But the company said buyer demand rose during the fourth quarter of the year — signaling improvement ahead. At the end of the quarter,
source https://therealdeal.com/2019/12/10/tolls-profits-plunge-20-amid-housing-slowdown/
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