The CEO of one of America's biggest homebuilders sounds the alarm on a 'housing slowdown' (TOB)
Business Insider -

Toll Brothers' home orders plunged 13% year-over-year in the fourth quarter, the first drop since 2014.

The drop was due to a housing slowdown amid rising interest rates, and driven by a huge falloff in California demand, said CEO Douglas C. Yearley, Jr.

The company's quarterly results beat on both the top and bottom lines.

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Toll Brothers, one of America's biggest homebuilders, warned Tuesday that the housing market is feeling the pain of rising interest...

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