Toll Brothers quarterly home sales rise

Discussion in 'Stocks' started by ASusilovic, Aug 12, 2009.

  1. BOSTON (MarketWatch) -- Toll Brothers Inc. before Wednesday's opening bell said orders for new homes rose in the latest quarter from the year-ago period for the first time in roughly four years, providing more support to housing optimists who say the market is stabilizing.

    The Horsham, Pa.-based company said its fiscal third-quarter home-building revenue fell 42% to $461.3 million. Analysts polled by Thomson Reuters had forecast revenue of $377.1 million, on average, for the quarter ended July 31.

    Net signed contracts rose 3% to 837 units.

    The builder, which focuses on the high-end luxury market...