Word: tolles
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...TOLL Las Vegas still has good margins for us. You're asking me if I've stopped beating my wife. Well, I never started...
...TOLL There's been a leveling off. We can't raise prices as rapidly as we had been. But we can still raise them...
...TOLL Our cancellation rate is below 5%, where it almost always is. There are some softer markets, like Austin, Dallas, Raleigh, Hilton Head, Columbus. Charlotte was soft but is coming back. But New York, Chicago, Washington and almost every other market we're in are on fire...
...TOLL It depends on the neighborhood and price of the home. If it's in the $200,000 range and not in a particularly fresh neighborhood, you could see a drop of 7% to 10%. Buyers of these houses are on a budget, and higher rates eliminate a lot of buyers. But if you are in a $600,000 home, which is our range at Toll Bros., all you'll witness is cocktail talk...
...TOLL The shorts are going to get slaughtered. They are making a huge mistake...