2nd_Qtr_Report_2006

This quarterly report summarizes Toll Brothers' financial performance for the second quarter of 2006. Net income and revenues increased compared to the same period last year, though signed contracts declined. Demand remains but buyers want deals due to housing market uncertainty. The company believes excess inventory will be absorbed, boosting demand and prices. Toll Brothers expects to deliver between 9,000-9,700 homes in 2006 and earn $780 million to $850 million.