Toll Brothers says its fiscal fourth-quarter net income soared, helped by a large income tax benefit and a 48 percent rise in revenue. The luxury homebuilder delivered more homes and its order backlog increased.
The Department of Justice says national homebuilder Toll Brothers Inc. has agreed to a fine and changes in managing stormwater runoff at home sites.
Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.
Charles Ruma suddenly is busy. His company, Virginia Homes, is getting five to 10 visits from prospective homebuyers each weekend. During the past three years, he was lucky to get five in a month.
By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky. The report reflects a slump in demand following the extension of a deadline for first-time buyers to qualify for a tax credit. [...]
By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Sales of new homes are expected to have increased in November for the third month in a row, a sign that the housing market is finally on solid ground. The Commerce Department’s report on November’s new home sales is forecast to show a 2.3 percent [...]
HORSHAM, Pa., (AP) — Toll Brothers Inc. lost $111.4 million in the fiscal fourth quarter, but the luxury homebuilder is seeing signs of a turnaround in the housing market. The company’s loss of 68 cents a share was largely due to continued write downs on the value of its land holdings and staff reductions. Excluding [...]
Alex Veiga AP Real Estate Writer Toll Brothers Inc. says it lost $472.3 million in its fiscal third quarter, as the luxury homebuilder took a large tax hit. But while Toll Brothers’ results were worse than analysts expected, the company is seeing signs of improvement in many markets. Nationally, new home sales have risen for [...]
Published: August 27, 2009
Tags: earnings, Gov. Jim Doyle, Marquette University, Milwaukee School of Engineering, renewable energy, stimulus, Toll Brothers, U.S. Department of Energy, University of Wisconsin-Milwaukee
Toyota plans to end production at California plant Washington (AP) — Toyota Motor Corp. plans to end production in March 2010 at a California joint venture where it has built vehicles with General Motors, the company said Thursday. The decision would mean the shutdown of the sole auto assembly plant on the West Coast if [...]