Luxury homebuilder Toll Brothers is seeing "notable improvement" in North Carolina, another sign that the housing slump may be easing.
The Pennsylvania company reported a smaller quarterly loss Thursday morning, and executives painted a largely optimistic outlook, saying the simmering economic recovery will revive the market for high-end homes.
Toll's Triangle communities include Triple Crown Estates in Chapel Hill, Green Level Crossing in Cary, The Hills at Southpoint in Durham and Brier Creek Country Club in Raleigh. It also owns communities in the Charlotte region.
Read more: http://www.newsobserver.com/2010/05/27/502244/toll-brothers-sees-housing-slump.html#ixzz0qUXC96no
Toll Brothers sees housing slump easing - Real Estate News - NewsObserver.com