A decline in home construction was reported by Toll Brothers, the leading company in luxury homebuilders. The value of shares dwindled to $1.07 per share from $1.27. Top administrators argue the drop is a result of speculative buyers who are now sellers and homebuilders who have built too much.
Toll Brother's is "well prepared" to deal with such a situation. Don't worry, this drop means there are so many great Irvine homes out there.
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