Demand driving Toll Brothers to build anew in Philly - Baltimore Business Journal:

http://www.jurnalcelebes.com/2002/store2/clev-irons-woods.html
Despite the housing slump, the project began in March as thedeveloperr — one of the largesy in Greater Baltimore — managed to sell out on its firsrt phase of the project, defyinf doldrums plaguing the residential real estated market. Kicking off a new phase of the projecg comes as housing starts nationally plunged tohistoric lows, according to the latesy data from the U.S. Commerce Housing starts fell by 12.8 percent in April to 458,000, which is considerefd the lowest since the government began tracking the data 50years ago. “It’s unique,” said Chuck Breder, division vice presidenr with Toll, which has an office in Columbia.
“Even though we don’t have the investor market, the salesw pace over the last threed years has beenprettgy constant.” Toll began selling the firsgt phase, which consisted of 345 condominiums, at the end of 2004 and sold on averags 70 units each year, Breder said.