He said sales are going very well in the North East corridor (DC to Boston)
Does not know what to expect next year on West Coast but expects the North East to remain strong.
Also heard something interesting that the unemployment numbers for Socal are done via an informal household poll (now estimated at 12% by that poll), but the Employer Tax roll data tells a much different story and more accurate story.
It (Employer Tax roll data) suggests that employment is actually gaining in Socal (which matches what I seem to be seeing with my own two eyes as well).
The Toll CEO also said there will be no dividend as they plan on using that money to buy quality Land at distressed prices (buy land while the prices are good).
