Wednesday, November 11, 2009

Is the housing market recovering?

Is the housing market recovering? For Toll Brothers, Inc. a regional construction company, it seems to be. "We have definitely progressed from one year ago,” said Toll Brothers CEO Robert Toll." It's fourth quarter results have jumped approximately 42%. The positive sentiment amplifies that of Reston-based Comstock Homebuilding Cos. Inc. (NASDAQ: CHCI) which returned to profitability during the third quarter and said the homebuilding industry is on the mend.

Will the rest of the construction industry follow? Probably, but it's too soon to tell how quickly.

Click on the title link to read the article in the Baltimore Business Journal.

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