Toll Brothers Highlights
Toll Brothers released its second quarter outlook today and hosted a conference call. In summary, spec buyers are selling homes or canceling orders and therefore inventories are increasing. Also, regular buyers are not buying now as much as they were last year.
I was mostly interested in what the company had to say about the local market, but unfortunately, Bob Toll did not say as much about NJ as he did on the last call. However, he did note that the suburban NJ market has gotten pretty slow, and I would think that this would include Toll's project in Howell, which is a development of about 50 homes.
The one area in NJ that continues to perform well is Maxwell Place, which is on the Hoboken waterfront. The company said "Everything we've got in Hoboken is just roaring."
I was mostly interested in what the company had to say about the local market, but unfortunately, Bob Toll did not say as much about NJ as he did on the last call. However, he did note that the suburban NJ market has gotten pretty slow, and I would think that this would include Toll's project in Howell, which is a development of about 50 homes.
The one area in NJ that continues to perform well is Maxwell Place, which is on the Hoboken waterfront. The company said "Everything we've got in Hoboken is just roaring."
posted by Little_Silvered at 5:52 PM
4 Comments:
Does anyone have access to the RE market conditions (not the lies on NAR) for the 08742 area? I am looking to buy, but not sure if waiting a few more months is in my best interest. I can't trust the reports, realtors, and there does not seem to be any specific data for this area. I do see high prices for crappy houses, but also lisitings on the MLS with "price change"...not sure if that means change up or down. Thanks.
thnx
Bubble what bubble ???http://finance.yahoo.com/columnist/article/millionaire/2585
I'm not vouching for this data, but try this link...
http://www.melissadata.com/lists/ezlists/ezHomeowners.aspx?zip=08742
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