Audio – Toll sees political cycle influencing housing cycle

June 27, 2007

toll.jpgConfidence may begin to return to the U.S. housing market once the U.S. political parties have chosen their candidates for the next presidential election and people can start to feel more optimistic, according to the Chairman and CEO of luxury home builder Toll Brothers. As a result Robert Toll considers the earliest likely pickup in housing demand will be next spring. “I see no reason for it to come back until there is a change in confidence and I see no reason to expect a change in confidence of the body politic, the society in general, until probably April.” At that stage the candidates will probably be focusing Americans on how things can get better “rather than focusing on what is wrong and bad and what’s pretty horrible and how are we ever going to get out of the mess we are in.”



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