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December 6th, 2007

Toll Brothers reports $81.8M Q4 loss in housing downturn

“Their primary holdback is their inability to sell their old home – not that they’re going to buy and then prices are going to fall”

Toll Brothers Inc., the largest U.S. builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the U.S. housing downturn that the company called the worst in four decades deepened. via 680News



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