Buy a new home in January 2008, the highest level since July, 437000 annual rate increased by 15.6%. S&P/Case - Shiller housing price index display, December 0.2% - than expected. The latest data provide support, the housing market is recovering - and sustainable said. Luxury residential builders Toll Brothers company (TOL), in accordance with the CEO Douglas's ray, daily Beijing time told reporters in the economic recovery, "feel like a real transaction time."
"We feel very good, almost in every market, our country," according to the thunder's. "We see a huge traffic and sales."
Reading: housing rebound to create another bubble?
In thunder's pointed out that the new house order, 50% more than last year, 40%, 2 months of the first three weeks. Huo's pieces, Pennsylvania company has improved, prices in the fifty market most, encourage shilly-shally buyers spend a large sum of money in the process.
"More and more, we can raise prices, more buyers feel a sense of urgency, this is materialized to sales, we this spring," said ray in's.
In thunder's also believe that the history of low mortgage rates, housing demand for power. Economists knoop lille · ruby,, such as, argue that, by the United States federal reserve to stimulate the economy low interest rates to promote to create the same housing market collapse of foam, six years ago.
In thunder's disagree with this statement.
"People are taking advantage of low interest rates, the difference this time is that insured mortgage loans more difficult," he said. "We are in a very early stage of the economic recovery.
Reading:'s Roubni lille is bullish... Now, "the mother of all foam" has started
Toll Brothers company said last week, the first quarter earnings per share 3 cents, less than Wall Street expectations for ten cents. The first quarter sales revenue grew 32%, $424600000, $502200000 short of analysts' expectations. Earnings send thor brother dropped 7% of the shares. Toll Brothers company's shares have risen nearly 50% in a year for 40% of the S&P house builders index (XHB). Toll Brothers company also report that it is due in fiscal 2013 3750 yuan and 4300 new home between, rather than the 4400 expected. It's home in the 25th average sales price fall, from the same period last year of 571000 dollars and 569000 dollars.
Toll Brothers company's core business may build luxurious new home, but this does not prevent it into other real estate market such as apartments and urban construction. The company significant benefit from enterprises in Manhattan, brooklyn and New Jersey city/New Jersey Hoboken, because the market has the real estate market downturn influence is relatively minor. In thunder's see these new opportunities, in order to reduce the company's traditional business model.
"Not all family builders like a little business apartment" seven years ago, in accordance with the thunder's said.
 



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