Homebuilder Toll Brothers Hits Record With Strong Demand Outlook
- Company lifted its full-year forecast for deliveries
- Builder is offering more “spec” houses given tight inventory
The Toll Brothers Twin Oaks housing community in San Ramon, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Luxury homebuilder Toll Brothers Inc. rose to a record Wednesday as the company said it’s optimistic about its prospects for a key selling season.
Since mid-January, “we have seen a meaningful uptick in demand that has continued through this past weekend,” Chief Executive Officer Doug Yearley said in an earnings call Wednesday.