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More on Toll Brothers (TOL +3.7%) FQ3: net profit +46% to $61.6M, net signed contracts +57%,...

More on Toll Brothers (TOL +3.7%) FQ3: net profit +46% to $61.6M, net signed contracts +57%, backlog +59%. Reservation deposits +59% in first three weeks of FQ4. For 2012, expects home-sale revenue of $1.71B-$1.84B. "We are enjoying the most sustained demand we have experienced in over five years," says CEO Douglas Yearly.
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Comments (2)
  • OptionManiac
    , contributor
    Comments (3414) | Send Message
     
    Article in our local paper about the rapid decrease of inventory. I think those who dreamed of moving into a McMansion had some sense knocked into them and decided to save some money and stay put.
    22 Aug 2012, 07:59 AM Reply Like
  • J 457
    , contributor
    Comments (956) | Send Message
     
    3.9MM still in distress. Banks holding REO's to decrease inventory. Short term good for new home builders. We'll see about next year...
    22 Aug 2012, 09:20 AM Reply Like
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