the housing oracle speaks....

[manu1959]

Horsham, Pa.-based Toll Brothers said in a preliminary announcement of its fiscal 2009 fourth quarter results that net signed contracts jumped 42 percent to approximately 765 units compared to fiscal 2008’s fourth quarter. Toll Brothers said the dollar value of contracts was 62 percent higher in the quarter ended Oct. 31, than the prior year quarter, and that the latest quarter’s totals exceeded fiscal year 2007's fourth-quarter results.

http://washington.bizjournals.com/washington/stories/2009/11/09/daily66.html

 

[Oddball]

I wonder how much of that activity has to do with the current house buying subsidy.

 

[manu1959]

I wonder how much of that activity has to do with the current house buying subsidy.

i would guess between the tax break and the low interest rates ... quite a bit....

we all know the government is trying to buy its way out of this....same as they tried in the 30's and 40' most belive they did not spend enough then....they are making sure they spend enough this time....combined with low interest rates and a falling dollar.....it will activate domestic spending as well as foreign buying of us goods and services....