Toll Brothers Inc reported a better-than-expected quarterly profit on higher hom...
) reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.
Slowing economic growth and recent stock market volatility, triggered by an escalating U.S.-China trade war, have made some Chinese buyers more cautious about investing in the U.S. property market, potentially weighing on homebuilders. But lower mortgage rates, a limited supply of new and existing homes as well as a strong job market have helped Toll raise prices even though demand remains choppy.
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