Toll Brothers, the primary company in luxury homebuilders, revealed a drop in new home construction. Shares decreased, from $1.27 to $1.07 per share. Top administrators contend the drop is due to homebuilders who have built too much and speculative buyers who are now sellers.
Toll Brother's is "well prepared" to deal with this type of situation. There are still a lot of great Lexington homes on the market, so there's no need to frett.
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