More on Toll Brothers (TOL) FQ2: swings to a net profit of $16.9M from a loss of $20.8M last...

|About: Toll Brothers Inc. (TOL)|By:, SA News Editor

More on Toll Brothers (TOL) FQ2: swings to a net profit of $16.9M from a loss of $20.8M last year, helped by lower inventory writedowns. Homes delivered +14% to 671, net signed contracts +47%, cancellation rate falls to 2.4% from 3.9%. "It appears that the housing market has moved into a new and stronger phase of recovery," CEO Douglas Yearley says.