from one of the top in the biz: Feb. 6 (Bloomberg) -- Toll Brothers Inc., the largest U.S. luxury homebuilder, reported its seventh consecutive quarterly decline in revenue as demand for new homes dropped.
Homebuilding revenue fell to $842.7 million in the fiscal first quarter ended Jan. 31 from $1.09 billion a year earlier, Horsham, Pennsylvania-based Toll said today in a statement. That beat analysts' estimates. ``We are not yet seeing much light at the end of the tunnel,'' Chief Executive Officer Robert Toll said in the statement. ``The housing market remains very weak in most areas.'' ... It's not that it's weak - but real buyers are looking to pay real prices. Throw in the never ending spiral of increasing property taxes and the avg joe can't afford it. We already have what I would call death mortgages - you can get 30, 40 or some 50 year mortgage - if you don't make that long - you're dead. If you do make it you get a "reverse mortgage"....money til you're dead. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/