Volume Spike Investor

Toll Brothers Inc. (NYSE: TOL) reported that its third-quarter home building
revenues fell by over 40% from a year ago as the housing market continued to sag. But the builder also reported $461 million in revenues versus less than $400 million expected. More importantly, the builder said it also had a 3% gain in new contracts.  This is the first annual increase in roughly 4 years as prices have come down.   At 7:54 AM EST we have seen only about 20,000 shares trade hands but shares are around $22.00 after closing at $20.48 yesterday.  The volume will pick up here significantly as the market open gets closer.  The results may even be strong enough to drive the SPDR S&P Homebuilders (NYSE: XHB) ETF.