Toll Brothers says home sales in California impacted by coronavirus

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG1P1W7_L.jpg

(Reuters) – Home builder Toll Brothers Inc (N:) said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay sales of some homes in California, one of its biggest markets.

“We believe 11 closings in California have been pushed out, we hope to the second quarter, due to the virus,” Chief Executive Officer Douglas Yearley said on a post-earnings call.

Toll has been under pressure from President Donald Trump’s trade war, which has kept affluent Chinese from buying homes in California.

The company’s homes in the state can cost more than $2 million.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment