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08/22/2018

Costly Houses See Ready Buyers

One of the nation’s largest builders of high-end homes rode strong sales to a 30% jump in quarterly profit, bucking weakness in the broader U.S. housing market and bolstering evidence that the wealthiest Americans are spending big as the economy strengthens.

Toll Brothers Inc. said the profit surge came as its revenue for the quarter ended July 31 climbed 27% to $1.91 billion.

 

See full Wall Street Journal article here.

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