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Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States. [ 2 ] [ 3 ] In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue.
Robert Irwin Toll [1] was born to a Jewish family, the son of Sylvia (née Steinberg) [2] [3] and Albert Toll, he grew up in Elkins Park, Pennsylvania. [1] His father, who emigrated from Ukraine, [4] was a millionaire investor who lost everything in the stock market crash of 1929. [5]
Toll Brothers later expanded into building "active-adult" communities for the elderly affluent and urban high-rises for the newly affluent (Toll Brothers City Living). [7] In 1998, Toll sold 5 million shares of Toll Brothers for $186.6 million although still remaining its second largest shareholder and vice-chairman. [4] [8] In November 2013 ...
Toll Brothers offered a similar rosy outlook. Toll expects to boost its housing stock, delivering between 8,900 and 9,500 homes, up 700 homes from the midpoint of its previous guidance ...
Toll stock was up nearly 9% year to date as of mid-morning Friday. That’s higher than the SPDR S&P Homebuilders ETF’s ( XHB ) 6% gain. Meanwhile, D.R. Horton ( DHI ), the biggest player in the ...
Toll Brothers is also working to keep prices lower for potential buyers. Read more: How to buy a house in 2023. During the fourth quarter, the homebuilder signed 2,038 net contracts at an average ...
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Shares of Toll Brothers rose on Wednesday after a quarter that showed the company's luxury homebuyer remains in decent shape despite a surge in mortgage rates.