Toll Brothers Saw Orders Plummet in March as Economy Shut Down.

(Bloomberg) -- Toll Brothers Inc. reported home orders that missed estimates as the pandemic shut down the economy and pushed buyers of pricey properties to the sidelines. A surprise gain in U.S. new-home sales earlier this week, fueled by low mortgage rates, had stoked optimism that the housing market was stable even with job losses mounting. [Extracted from the article]
Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)