toll brothers inc.
Dec 1, 2023, 3:59 PM EDT
Contracts for home sales dropped another 1.2% in March, marking the fifth straight month of declines amid rising interest rates and soaring prices.
Homebuilder confidence dropped for the fourth month in a row in April as sales traffic declined despite low inventory.
Contract signings for home sales fell in January with inventory at a record low.
Home prices rose 18.8% in 2021, marking the highest annual jump on record.
Luxury home builder Toll Brothers has broken its third quarter record for new contracts.