Wednesday, November 08, 2006

Signed Contracts and Revenue Down

Tolls Brothers reported signed contracts down 55 percent and new home building revenue down ten percent compared to 2005, as the housing market continues to soften.
Nobody wants to buy something that they think will cost less two week later,” said Robert Toll, Chief Executive for Toll Brothers

Beazer Homes of Atlanta reported a 44 percent decline in profit. New orders for Beazer fell 58 percent.
Read Deborah Yao’s of the AP story.

Technorati: , , , ,


For more information on Real Estate in New Jersey visit here.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)