Luxury-home builder Toll Brothers Inc (TOL) reported earnings of 30 cents per share for the quarter ending Oct. 31, compared with a loss of 68 cents per share a year earlier.
Revenue declined 17% to $402.6 million, the company said in a statement. Ea…
Technically, the homebuilder sentiment index inched one point higher to 16 in November. But the gain was offset by a revised one-point dip in October’s reading, and the numbers remain well below those seen during a healthy hous…
Home builder confidence unexpectedly rose in October, the National Association of Home Builders said Monday. What’s more, while the housing sector still faces many hurdles — including the U.S. economy’s health — the group add…
Inadequate job growth and a rising supply of unsold homes continue to weigh on the housing market. The homebuilder confidence index remained unchanged in September — its lowest level since March 2009.
Continu…