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KB Home and Toll Brothers Hit by June Housing Slump

August 2, 2012 — CDJ Staff

Housing sales reached a two-year high in May, but this was followed by a sharp drop in June, as reported by MarketWire. Along with the sales the stock prices for two of the nation?Äôs largest builders, KB Home and Toll Brothers, also took a drop. Despite the drop, sales were still higher than they were in June 2011.

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KB Home and Toll Brothers Hit by June Housing Slump