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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (11017)	8/25/2004 11:28:11 AM
From: russwinter	Read Replies (3) of 116555

Once again, one has to wonder about these govt statistics? Here's the MBAA purchase index for that same period, quite frenzied.: 6-4: 432 6-11: 449 6-18: 455 6-25: 435 7-2: 501 new record 7-9: 469 7-16: 440 7-23: 445 7-30: 452 TOL today: Based on current backlog -- which gives the company an idea how much revenue will be generated over the next nine to 12 months -- and the pace of current demand, Toll Brothers projects it will deliver between 7,700 and 8,000 homes during the current fiscal year with an average price of more than $600,000. As a result, the company expects net income to grow at least 30 percent in the fiscal year. Based on projections of community growth in the coming year, and assuming strong demand continues, the company projects 20 percent growth in revenue and net income for next fiscal year. Toll Brothers' upbeat forecast for the luxury market contrasted with a report released Wednesday by the Commerce Department, which showed that sales of new homes declined by a sharp 6.4 percent in July from the previous month. The decline was steeper than analysts were expecting and left home sales at their lowest level since December.

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