Robert Toll Early Quotations

Since Hurricane Katrina in early September, we have observed buyers taking longer to make their purchasing decision. We attribute this change to the significant decline in consumer confidence in the last two months that was precipitated by the hurricanes and their aftermath, and to record gas prices. It appears we may be entering a period of more moderate home price increases, more typical of the past decade than the past two years.

Demand at our communities, which began to soften in early September, now appears to be improving, although demand pressure from speculators has certainly passed.