Robert Toll wants to
reinflate the bubble.
Home builder Toll Bros. Inc. coupled its fourth-quarter earnings announcement yesterday with a plea for federal action to push fixed-rate mortgages down to a buyer-stimulating 4.5 percent.
For the quarter ended Oct. 31, the Horsham builder of luxury homes said its losses totaled $78.8 million, or 49 cents a share, including $175.9 million worth of pretax write-downs - a bit better than the year-earlier loss of $81.8 million, or 52 cents a share, on $314.9 million in write-downs.
