Toll's Results Should Quiet the Doomsayers By Jim Cramer About this article: The more I reflect on the Toll Brothers numbers, which include not just a low cancellation rate but the first time that orders rose in four years, the more I am in disbelief about the media commentary on housing. There is a relentless downbeat nature about the home industry: 44% underwater mortgages coming (Deutsche Bank), skyrocketing foreclosures, incredibly disappointing pricing, inability to get mortgage money and, most important, no life to the high end (everyone). But this report, which confirms something Bob Toll said on "Mad Money" back in April, just puts the lie to those negatives. You can't have cancellation rates this low and not be able to get mortgage money. Toll's average home price is $500,000. Why would anyone be buying a house if they will be underwater immediately? Well, how about if they need a house? I should have known that this stock could... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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