Toll Brothers "Orders up significantly", "Best Spring season in five years"

[Beet]

"Lennar reported sales up 33% year-over-year, Hovanian reported sales up 30%"

Via Calculated Risk

[CLARENCE 2015!]

This is very interesting... All three ares high-end homebuilders catering more to upper middle class. I would be keen to see numbers from Centex or other builders before making a conclusion...

I will say that too many people in Florida bought new Toll Brothers homes when their budgets said Centex- that led to debt later on. I hope people are not becoming too confident and overreaching yet again...

[opebo]

Its funny I had no idea what these corporations sold.  It still seems somewhat strange to me for land speculation/development/subdivision building to be under the control of large corporations - growing up it was always just a small partnership kind of deal.

[Simfan34]

This is very interesting... All three ares high-end homebuilders catering more to upper middle class. I would be keen to see numbers from Centex or other builders before making a conclusion...

I will say that too many people in Florida bought new Toll Brothers homes when their budgets said Centex- that led to debt later on. I hope people are not becoming too confident and overreaching yet again...

K. Hovanian and Toll Brothers were always upper-middle-class, although due to the profusion of easy credit made it less exclusive during the bubble. The upper class, by and large, doesn't live in tract housing developments like the ones they build.