Overcoming tight labor markets in many regions and the hurricanes' impact in the southeast, we surpassed our expectations for fourth quarter home deliveries. We produced over 2bn in revenues this quarter, which exceeded our entire year's production just five years ago.
More Quotes from Robert Toll:
taking longer to make their purchase decision.Robert Toll
The shortage of selling communities, coupled with some softening of demand in a number of markets, negatively impacted our contract results. It appears we may be entering a period of more moderate home price increases, more typical of the past decade than the past two years.
Robert Toll
Last time I saw 6 percent was 1966, except for the last couple of years. If rates go to 7.5 percent, we'll take it. We can still do a whole lot of business.
Robert Toll
Selling homes this first quarter was certainly more difficult than one year ago. We experienced softening demand, to varying degrees, in a number of markets and continue to be constrained by long delivery times at many of our communities.
Robert Toll
If you had an overall depressed market, you could not have that kind of phenomenon.
Robert Toll
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