Wednesday, May 28, 2014

Toll Brothers homebuilding profits come roaring back

Toll Brothers CEO Douglas C. Yearley, Jr. - Jeff Fusco photo

Toll Brothers, the largest luxury home builder in the United States, has more
than doubled its quarterly profit.

Jared Shelly reports in the Philadelphia Business Journal that: 

“Revenues of $860.4 million and homebuilding deliveries of 1,218 units rose 67% in dollars and 36% in units, compared to FY 2013's second quarter totals of $516.0 million and 894 units. The average price of homes delivered was $706,000, compared to $577,000 in FY 2013's second quarter.”

Toll Brothers has its suburban Philadelphia headquarters in Horsham, Pa.

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