Can the housing market go down another 10% or 20%? "Sure," grumbled Robert Toll, CEO of Toll Bros.
The head of the nation’s biggest homebuilder had reason to be grumpy . . . Toll Bros. just reported its third straight losing quarter. Revenue has fallen 30% from this time last year. Toll went on to say the housing market was in a “depression” and that recovery could be up to three years away.
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