Toll Brothers

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Midwest paces 6.6% gain in new home sales

Sales of new U.S. homes improved last month after the worst summer in nearly five decades, but not enough to lift the economy.

The Commerce Department says new home sales in September grew 6.6 percent from a month earlier to a seasonally adjusted annual sales pace of 307,000. Even with the increase, the past five months have been the worst for new home sales on records dating back to 1963. Get the full story »

Toll Brothers posts quarterly profit on tax gains

U.S. luxury homebuilder Toll Brothers Inc. beat Wall Street expectations and reported its first quarterly profit in three years Wednesday, sending its shares and those of other homebuilders higher. Get the full story »