Economy Takes A Toll On Luxury Housing, ETFs
Posted on November 11, 2008 at 19:10 PM EST
The largest luxury homebuilder in the United States, and a major component in homebuilder exchange traded funds (ETFs), predicted a 41% drop in fourth-quarter revenue. Toll Brothers Inc. (TOL) reported preliminary results for the quarter ended Oct. 31 showed total consolidated homebuilding revenue of about $691 million, down from $1.17 billion a year ...
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