Toll Brothers Inc.'s fiscal third-quarter earnings jumped 54% with a boost from a bigger tax benefit, yet the luxury home builder saw a double-digit drop in revenue as it delivered fewer homes and saw an uptick in its cancellation rate.
With the housing downturn now in its fifth year, home builders remain pressured by a laundry list of economic head winds, including high unemployment, weakened consumer confidence and tightened bank lending standards. Sales of new homes have ...
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