Toll Brothers Inc., the high-end home builder, reported revenue of $796.5 million that exceeded analysts expectations of $735 million. Toll Brothers also reports the lowest quarterly cancellation rate in two years.

New Home Demand

Bloomberg reports CEO, Robert Toll stated,

So on Mad Money last week Jim Cramer, the self-appointed genius stock picker, lost out to Yours Truly when it comes to shorting the home builders. Earnings are coming out this week on a number of home builders and I’ll be proven right again.