Toll Brothers quarterly home sales rise
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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.
Toll's rise in home orders is first in 4 years - MarketWatch