Toll Brothers Home Sales Revenue Down But Contract Value Rising

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  • #22715
    ThePitBoss
    Participant

    Leading luxury homebuilder Toll Brothers reported a better…

    [article]1871[/article]

    #22760
    MoneyNeverSleeps
    Participant

    US Housing Starts for November 1365K v 1345K estimate

    Housing starts annualized pace 1365K vs 1345K estimate
    Housing starts MoM change 3.2% vs 2.3% estimate

    single-family starts +2.4%
    multi family starts +4.9%
    US Housing Starts for November 1365K v 1345K estimate

    #22761
    MoneyNeverSleeps
    Participant

    US Housing Permits for November highest level since 2007

    Building permits annualized pace 1482K vs 1418K est
    Building permits MoM change 1.4% vs -2.9% est

    Across regions, permits went up in the Northeast (18.1 percent to 163 thousand); Midwest (15.1 percent to 206 thousand); and the West (1.3 percent to 376 thousand), but fell in the South (-4.7 percent to 737 thousand).

    The housing market has been boosted by a fall in mortgage rates after the Fed cut key rates 3 times this year.

    Building Permits in the United States averaged 1355.78 Thousand from 1960 until 2019, reaching an all time high of 2419 Thousand in December of 1972 and a record low of 513 Thousand in March of 2009

    #22803
    Truman
    Participant

    US November new home sales 719K v 730K expected

    Prior 733K (revised to 710K)
    Sales +1.3% Prior -0.7% (revised to -2.7%)

    New Home Sales in the United States averaged 650.68 Thousand units from 1963 until 2019, reaching an all time high of 1389 Thousand units in July of 2005 and a record low of 270 Thousand units in February of 2011. source: U.S. Census Bureau

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