Builder Expects Slow Recovery

December 2009
American Banker;12/4/2009, Vol. 174 Issue F316, p4
Trade Publication
The article reports on the loss in Toll Brothers Incorporated's, the largest U.S. luxury-home builder, fourth quarter after revenue fell faster than costs. According to the article, its net loss for the three months that ended October 31, 2009 widened to over 100 million dollars. The average value of a contract for a Toll Brothers home in the quarter grew to over half-a-million dollars, which is an increase from 495,000 dollars in 2007.


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