Toll Brothers slumps most since May after home orders plunge
Toll Brothers is a home construction company based in Horsham, Pennsylvania that specializes in building luxury homes. In 2016, the company was the 10th largest home builder in the United States, based on the number of homes closed. The company is ranked 480th on the Fortune 500. The company operates in 20 states.
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Toll Brothers Slumps Most Since May After home orders plunge: “toll Brothers Inc. reported its first drop in orders since 2014, led by a big falloff in California demand, a sign that high-end property markets are cooling. Shares slumped.” (And if you want to complain about headlines. “Plunge!!” probably beats “Fear”!)
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· Toll Brothers Inc. reported its first drop in orders since 2014, led by a big falloff in California demand, a sign that high-end property markets are cooling. Shares slumped.
· Toll Brothers saw new home orders plunge the most since 2011. Will this slowdown bleed into the employment market? Toll Brothers Confirms The Housing Slowdown – What’s Next?
Toll Brothers Slumps Most Since May After Home Orders Plunge. Toll Brothers Inc. reported its first drop in orders since 2014, led by a big falloff in California demand, a sign that high-end property markets are cooling. Shares slumped. The luxury-home builder’s fiscal fourth-quarter results, announced Tuesday, included a decline in orders of 13 percent from a year earlier.
New-home sales slump 7% in April after reaching the best level of the cycle MarketWatch May-22-19 07:23PM Toll Brothers Inc (TOL) Q2 2019 Earnings Call Transcript Motley Fool
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Toll Brothers Slumps Most Since May After Home Orders Plunge The company’s shares fell 1.6 percent to close at $32.99; they are down 31.3 percent this year. The S15 Supercomposite homebuilders’ index fell 4.8 percent, and is down 31.2 percent this year.
Toll Brothers shares have slumped 30% this year through Monday’s close, compared with a 28% decline for the S&P supercomposite homebuilding index. Shares fell 9.2%, the most since May, at 9:44 a.m. in New York.