After two years of aggressive price increases, Toll’s orders declined last quarter when analysts were expecting a gain.
According to Wall Street Journal real estate blogger Kris Hudson, luxury builder Toll Brothers reported that new orders for the quarter ending July 31 amounted to 1,324 homes, a 6 percent decline when analysts were expecting a 10 percent gain. Toll’s case underscores a challenge that the U.S. home-building industry at large is facing, which is, as Hudson puts it, that “aggressive price increases in the past two years have hobbled demand at a time when builders finally are ramping up supply. “
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