Toll Brothers, the number one company in luxury homebuilders, revealed a drop in new home construction. The value of shares fell to $1.07 per share from $1.27. Investment buyers, who are now sellers, as well as homebuilders who have built too much are the source of this drop, according to top executives.
Toll Brother's is "well prepared" to handle this type of situation. Don't stress, this drop means there are many great Lexington homes out there.
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