Toll Brothers, the Home Builder, Reports a 44% Drop in Earnings
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In spite of the slump, the company said it saw signs of stabilization in the housing sector and raised its forecast for first-quarter home deliveries.
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Sentiment among U.S. home builders slid in June to the lowest level in more than 16 years as tighter lender practices and rising mortgage rates crimped sales, the National Association of Home Builders said on Monday.
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MIAMI  Â The Lennar Corporation, the home builder, reported a $1.25 billion fourth-quarter loss on Thursday Â its biggest ever Â as a slowdown drove home prices lower and the company took a write-down on land.
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Toll Brothers Inc. , builder of  luxury homes, on Tuesday reported a fall in fourth-quarter  earnings amid continuing softness in some of the once-hottest  U.S. housing markets.
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SAN FRANCISCO (CBS.MW) -- Pulte Homes shares dropped nearly 8 percent Tuesday morning, after the home builder lowered its earnings outlook for this year.
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Toll Brothers Inc., the largest U.S. builder of luxury homes, on Thursday said its quarterly net earnings fell sharply, after a goodwill impairment charge and a writedown for the lower value of land and as the housing market continued to flounder.
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HUNTINGDON VALLEY, Pa. (Dow Jones/AP) -- Toll Brothers Inc. Wednesday said profit for its latest quarter surged 56 percent as demand for new luxury homes remained strong.
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U.S. construction spending fell a sharper-than-expected 1 percent last month as home building posted a seventh straight drop, according to a government report on Friday that underscored the weakness in the U.S. housing market.
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The stock has soared thanks to homebuilders, but not enough profits are built into the price.
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Luxury home builder Toll Brothers Inc.   on Thursday said it expects to report a 19-percent drop  in home-building revenue.
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U.S. stocks fell on Thursday after worries about bad mortgage debts hit bank shares and a warning from luxury home builder Toll Brothers Inc.  reignited concern about the erosion of the housing market.
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KB Home , a leading U.S. home builder, posted a quarterly net loss on Tuesday as it took $343.3 million of pretax charges for abandoning land option contracts and writing down the value of inventory, a consequence of the U.S. housing market downturn.
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KB Home , the No. 5 U.S. home builder, posted a quarterly net loss on Thursday as home revenue dropped sharply due to the weak housing market.
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Home Depot Inc. , the world's largest home improvement retailer, posted a 28 percent drop in fourth-quarter profit on Tuesday as the weak U.S. housing market depressed sales.
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Toll Brothers, the builder of luxury homes, said on Wednesday that it expected to report a 22 percent drop in first-quarter revenue and that it saw no sign of improvement in the depressed housing market.
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US home builder sentiment slid in July to its lowest since January 1991 as fallout from the housing slump and subprime mortgage crisis caused a glut of new homes, the National Association of Home Builders said yesterday .
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Luxury home builder Toll Brothers  posted a 79 percent drop in quarterly net income on Thursday, hurt by a downturn in the U.S. housing market.