Toll Brothers Profit Beats Estimates on Tax Gain, Orders for Luxury Homes

"Homebuilders have struggled for profitability as sales slumped amid low consumer confidence, tight credit, falling property values and an unemployment rate of more than 9 percent. New-home sales fell to an annual pace of 298,000 in July, the Commerce Department reported yesterday. At that rate, 2011 would be the slowest year in records dating to 1963."