Toll Bros. says we’re seeing “bottom”

December 05, 2006 12:00AM

Toll Brothers Inc., the nation’s largest builder of luxury homes, says the U.S. housing market may have “reached its bottom.” The company has good reason to hope so. Toll’s net income for the three-month period ending October 31 fell 44 percent against figures from the same period last year. more [Bloomberg]
Huge earnings drop more [NYT]

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