Robert Toll
Robert Toll
Robert Irwin Toll co-founded the American luxury homebuilder company Toll Brothers...
appears attribute buyers change confidence consumer decade decline early entering gas home hurricane katrina last longer moderate months observed past period price purchasing record since taking typical
Since Hurricane Katrina in early September, we have observed buyers taking longer to make their purchasing decision. We attribute this change to the significant decline in consumer confidence in the last two months that was precipitated by the hurricanes and their aftermath, and to record gas prices. It appears we may be entering a period of more moderate home price increases, more typical of the past decade than the past two years.
couple except last percent rates saw time
Last time I saw 6 percent was 1966, except for the last couple of years. If rates go to 7.5 percent, we'll take it. We can still do a whole lot of business.