The mansion purveyor said first-quarter homebuilding revenue rose 35% from a year ago to $1.33 billion, while its backlog rose 22% to $5.95 billion. Less impressive was the company's rate of signed contracts, which fell 21% to $1.14 billion amid uneven demand, and deliveries, which Toll said were below plan. "
We've been calling housing bubble and burst for some time - 1.5 years or so. It's time to take action and short the shit out of TOL
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