The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Micawber	10/6/2004 8:04:06 AM
	Read Replies (2) of 306849

7:12AM Toll Brothers reiterates continued strong demand for luxury homes (TOL) 43.43: Company confirms that building activity in Las Vegas remains very healthy, saying "We believe Las Vegas is a land-constrained market: Demand outweighs supply." Co also comments on activity through the end of September, 2004 and its outlook for the future, stating that record results are ahead in FY04, FY05 and FY06. "Through nine months of fiscal 2004, our record contracts are up 67%, our record backlog is up 75%, our record revenues are up 30%, and our record net income is up 37% over the same period in FY 2003, which was then a record. We expect that 2004's fourth quarter results will be records as well." finance.yahoo.com

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