Troubles in the home-building industry keep getting worse. Toll Brothers Inc. said Tuesday that customer traffic and sales hit record lows last month, as the financial meltdown spooked an already weak market and triggered a wave of contract cancellations.Don't worry, Messrs. Toll, the housing recovery is right around the corner. I know because people have been saying it's right around the corner for three years now.
Chief Executive Robert Toll said signs of stabilizing conditions through the summer and into early September were "upended by the past month's financial crisis" and the fear of job and stock-market losses.
Tomorrow, tomorrow, I love you, tomorrow! The recovery is always a day away!