Posted on Thursday, August 23, 2007

A dip in home construction was announced by Toll Brothers, the leading company in luxury homebuilders. The value of shares dwindled to $1.07 per share from $1.27. Investment buyers, who are now sellers, along with homebuilders who have overbuilt are the cause of this drop, according to top executives.

Toll Brother's is "well prepared" to manage the current situation. There are still many great Gig Harbor homes out there, so there is no need to worry.