toll brothers incs profit rose in the third quarter despite softening demand and ongoing challenges such as supply chain disruptions the luxury homebuilders profit was 2735 million or 235 a share in the period that ended july 31 compared with 2349 million or 187 per share a year ago analysts polled by factset expected 230 per share home sales revenue which represents a majority of total revenue edged 1 higher to 226 billion the company said its net signed contract value fell 44 to 17 billion the companys thirdquarter backlog value was 112 billion and 10725 homes chief executive douglas yearley jr said deliveries fell below expectations because of delays with municipal inspectors labor shortages and supply chain disruptions as well as softening demand mr yearley said that rising mortgage rates higher home prices and other macroeconomic uncertainties worried prospective buyers resulting in a significant decline in demand however in more recent weeks we have seen signs of increased demand as sentiment is improving and buyers are returning to the market mr yearley said we continue to believe the longterm fundamentals underpinning the housing market remain firmly in place average weekly deposits in the first three weeks of august were up 25 compared to july he said