Reported about 2 months ago
Toll Brothers has raised its profit margin expectations for the fiscal year as falling mortgage rates boost demand for luxury homes. The company aims to deliver between 10,650 and 10,750 homes in the year, while anticipating a gross margin of 28.3% on home sales. Despite a slight decline in purchase contracts compared to analyst expectations, the firm remains optimistic about continuous demand driven by favorable market conditions.
Source: YAHOO