Robert Toll
Robert Toll
Robert Irwin Toll co-founded the American luxury homebuilder company Toll Brothers...
began certainly exceeded fiscal national recession tragedies year
Considering that we began this fiscal year impacted by a national recession and the tragedies of Sept. 11, fiscal 2002 has certainly exceeded our expectations.,
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.
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.
appears contract decade demand entering home moderate negatively number past period price selling shortage typical
The shortage of selling communities, coupled with some softening of demand in a number of markets, negatively impacted our contract results. 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.