Toll Brother Sinking Like a Stone?: Things are not well over at…

jose vazquez camara comercio

Things are not well over at the Toll Brothers. The country's biggest luxury homebuilder, said fourth-quarter revenue plunged 41 percent as the housing and credit crisis pummeled its business. Says Robert Toll: "Unfortunately, the preliminary signs of stability we had discussed in early September were upended by the past month's financial crisis." We hate when that happens. [Bloomberg via Brownstoner]For more stories from Curbed, go to curbed.com.

Copyright CURBD
Contact Us