Home contracts dive 29% at Toll Brothers

And 45% here in one of their strongest markets or was.

Moral here builders and real estate people don't tell the whole story or lie until forced to so they can get those last few sales until the crash. Nothing is leveling off like the real estate agents have lied to us in article after article this last year. I dare say a 45% drop in sales is a crash and will reflect in future home prices. They are in some cases cutting new home prices by as much as 200,000 and sales are still notching down. Yes there will be a small splurge in sales then it drops even more and this repeats itself until it finds equilibrium. Am I a doomsayer or am I a realist I certainly don't control the market. The good news is the cycle will repeat itself and homes will skyrocket again years down the road.


http://www.usatoday.com/money/industries/manufacturing/2006-05-05-toll_x.htm