Toll Bros. Misses Some Targets
The reaction to the financials from home builder Toll Brothers shows that expectations have bubbled up too. "Unit deliveries were 13 homes under the low end of the range of the company's most recent forecast and below what analysts had expected, while the average home price was slightly above the high end of the range."
Yes, the Toll's love to raise prices, and buyers will pay these days. Obviously, Toll is betting that will continue. "The homebuilder posted a record fiscal second-quarter backlog of 8,561 homes. The company said it now controls about 68,000 lots, up from 58,000 a year ago."