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Interview about possible housing bubble

Discussion in 'Economics' started by Cutten, May 26, 2005.

maxpi
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Quote from ElCubano:

14:09 TOL Toll Brothers on Conference Call (91.10 +5.37)

-Update- Strong visibility for future growth... notes WSJ article of growth of millionaire houses in the U.S.; believes luxury market is the 'sweetest spot' in the industry... lowest backlog dropout rate in the industry (under 5%); thus backlog is a solid forecaster for co...

14:20 TOL Toll Brothers on Conference Call II (90.99 +5.26)

-Update- Unit delivery guidance for Y05 is 8100-8400 units; Q3- 2100-2200; Q4- 2500-2700 homes... Avg Price per home: Y05- $645-655K; Q3 655-665K; Q4- $660-670K (all are increazses to previous guidance)... home building gross margins as a percentage of home building revenues in fiscal 2005 are expected to be: Y05- 31.75-32.00%; Q3 32.2-32.5%; Q4- 31.8-32%...
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Ever notice how the Journal never seems to want to tame a bubble??

#11 May 26, 2005

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