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Sales fall 30 percent at home builder (Asbury Park Press) Home builders grow event (London Free Press) Mortgage cos. reveal damage from housing crisis (AP via Yahoo! News) U.S. luxury-home builder reports sharp fall in sales (International Herald Tribune) Housing minister Caroline Flint’s blunder reveals 10% slump but it’s not official – yet (Times Online) Minister lets slips fears over housing (AFP via Yahoo! News) UK's Brown to reveal plans to help housing market (AlertNet) Toll Brothers preliminary 2Q sales fall 30 percent (AP via Yahoo! Finance)
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Investors scouring for hints of a housing upturn won't find much evidence in the second-quarter preliminary sales results of luxury-home builder Toll Brothers Inc.
Not just any event can fill the Lamplighter Inn's Crystal Ballroom to its capacity, but the London Home Builders' Association did just that last Thursday when it paid tribute to the outgoing president and welcomed its new president.
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
Toll Brothers said preliminary home building sales in second quarter fell by 30 percent from a year earlier to $817.9 million.
House prices will fall by up to 10 per cent “at best” in the next year, according to a private government assessment laid bare by a minister’s blunder. Caroline Flint, the Housing Minister, told the Cabinet to prepare for a worsening market yesterday. “We can't know how bad it will get,” she said.
A minister let slip fears about the state of the country's housing market Tuesday by inadvertently showing briefing notes as she arrived for a meeting.
Source: Reuters By Adrian Croft LONDON, May 14 (Reuters) - Prime Minister Gordon Brown will set out plans on Wednesday to shore up Britain's creaking housing market as part of a drive to reverse a slide in support ...
Investors scouring for hints of a housing revival won't find much in the second-quarter preliminary sales results of luxury-home builder Toll Brothers Inc.