The Real Deal Miami

Toll optimistic on building recovery

May 27, 2010 12:45PM

Yesterday’s report of a narrower quarterly loss for luxury home builder Toll Brothers has company Chairman Bob Toll optimistic that things are looking up for new home sales. In this MSNBC video, Toll, who recently stepped down as CEO, comments on the new figures. “Our second quarter was up 86 percent over last year,” Toll said. “We’re still running at half-speed… but we’re definitely no longer looking for light at the end of the tunnel — we’re out of the tunnel.”