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Transactions for tickets under $50, representing approximately 20% of our U.S. Our comp ticket increase reflects about 32 basis points of contraction due to commodity price deflation in products such as lumber and copper. In the quarter, comp ticket increased 2%. And for the year, we set a new transaction record with over 1.5 billion total transactions. In the fourth quarter, total comp transactions grew by 5%.

Toll Brothers shares gained almost 3% on Tuesday. ' Continued turmoil in the financial markets may be rattling consumers, but their assessment of current conditions suggests the economy will continue to expand at a moderate pace in the near-term,' said Lynn Franco, director of economic indicators at The Conference Board.Īnd this jives with comments we got from Toll Brothers CEO Douglas Yearley who noted that in February the company's sales were flat, which he said, 'is understandable given the recent stock market decline and global economic uncertainty.'Įlsewhere in Toll Brothers' report, though, we got signs that the US labor market continues to be putting pressure on employers with Toll's CFO Martin Connor saying, 'We are experiencing modest lengthening of our production timelines associated with increasing complexity in our homes and a tighter labor market.' The February reading on consumer confidence from The Conference Board declined to 92.2 from January's revised 97.8 number, with the report indicating that the short-term outlook for consumers was impacted by the stock market. Account icon An icon in the shape of a person's head and shoulders.

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