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About Toll Brothers
Toll Brothers, Inc. (NYSE: TOL) is a Fortune 500 company and the nation’s leading builder of luxury homes. Founded in 1967 and headquartered in Horsham, Pennsylvania, the company has established itself as a premier name in the U.S. real estate market, offering a diverse portfolio of residential properties that cater to a wide range of buyers, including first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters.
Core Business Areas
Toll Brothers operates primarily in the luxury homebuilding segment, with a focus on delivering high-quality, customizable homes in picturesque settings. Its core operations include:
- Luxury Single-Family Homes: The company builds upscale homes in suburban and urban markets, offering extensive customization options through its state-of-the-art Design Studios.
- Active-Adult Communities: Toll Brothers develops 55+ communities designed for active adults, featuring resort-style amenities and low-maintenance living.
- Multifamily and Mixed-Use Developments: Through its Toll Brothers Apartment Living division, the company constructs luxury for-sale and for-rent properties in urban centers, blending residential living with retail and lifestyle amenities.
- Master-Planned Communities: The company designs and develops large-scale communities that integrate residential, recreational, and commercial spaces, often including golf courses and clubhouses.
- Integrated Services: Toll Brothers operates its own architectural, engineering, mortgage, title, land development, and smart home technology subsidiaries, ensuring a seamless homebuying experience.
Market Position and Differentiation
With operations in over 60 markets across 24 states, Toll Brothers has a significant presence in key regions such as California, Florida, Texas, and the Mid-Atlantic. The company is distinguished by its focus on luxury, offering homes with superior craftsmanship, innovative designs, and premium features. Its vertically integrated business model allows for greater control over the homebuilding process, from land acquisition to final construction, ensuring consistent quality and customer satisfaction.
Toll Brothers also stands out for its commitment to personalization, enabling buyers to tailor their homes to their unique preferences. This approach, combined with its emphasis on community-building and lifestyle amenities, positions the company as a leader in the luxury housing market.
Competitive Landscape
In the highly competitive U.S. homebuilding industry, Toll Brothers faces challenges from both luxury and mainstream builders such as Lennar, D.R. Horton, and PulteGroup. However, its focus on the high-end market, coupled with its diversified portfolio that includes multifamily and active-adult communities, provides a competitive edge.
Significance in the Industry
Toll Brothers has been consistently recognized for its excellence, earning accolades such as Builder of the Year from Builder magazine and being named to Fortune’s World’s Most Admired Companies™ list for over a decade. Its ability to adapt to market trends while maintaining its luxury focus underscores its resilience and industry leadership.
Toll Brothers (NYSE:TOL) announced the successful launch of The Meadows, a luxury community in Lake Forest, California, selling over 50% of its homes since pre-model sales began in September 2021. The development will feature over 500 residences, prices ranging from $1.5 to $2.2 million, and numerous amenities including parks and recreation centers. Designed for modern living, homes range from 1,900 to 3,600 square feet with innovative floor plans. The community aims to attract homeowners with its prime location and extensive recreational options.
Toll Brothers, the leading luxury home builder, has launched Grand Vue, a boutique community featuring 20 single-family homes in Vancouver, Washington. These homes offer up to 4,372 square feet, with prices starting at $1,054,995. Located in the desirable Felida neighborhood, Grand Vue provides stunning mountain views and various architectural styles. The company also features a new Portland Design Studio for personalized home options. Quick move-in homes will be available by October 2022, reflecting strong buyer interest in the community.
Toll Brothers (NYSE:TOL) announces the grand opening of the Edgewood East luxury community in East Cobb, Marietta, Georgia, featuring a model home designed to inspire potential buyers. The community offers 4 to 5 bedroom homes with open floor plans ranging from 3,675 to over 4,693 square feet. Prices start in the low $900,000s. Residents will enjoy resort-style amenities, including a pool, cabana, and community firepits. With a prime location near shopping and top-rated schools, Edgewood East is positioned as an appealing choice for luxury home buyers.
Toll Brothers (NYSE:TOL) has expanded amenities at its Riverton Pointe community in Hardeeville, South Carolina, enhancing its luxury living offerings. The new state-of-the-art fitness center opened in spring 2022, while a pro shop and Waterview Grill are under construction, expected to be completed in early 2023. Riverton Pointe, priced from the upper $400,000s, features 15 home designs with luxurious amenities, including an 18-hole golf course and resort-style pool. The community is conveniently located near shopping, dining, and entertainment options.
Toll Brothers, Inc. (NYSE:TOL) announced a quarterly cash dividend of $0.20 per share payable on July 22, 2022. Shareholders of record must hold their shares by the close of business on July 8, 2022. This dividend reflects the company's commitment to returning value to its shareholders amidst its operations as a leading luxury home builder across 60 markets in 24 states.
Toll Brothers (NYSE:TOL) has commenced construction on the Chappaqua Crossing Carriages, a luxury home community in Chappaqua, New York. This project features 91 home sites with five distinct carriage-style designs ranging from 2,503 to 2,906 square feet. Sales are expected to begin this fall, with model homes set to debut this winter. Residents will benefit from nearby shopping, entertainment, and a top-ranked school district. The development aims to redefine luxury living with personalization options at the Toll Brothers Design Studio.
Toll Brothers (NYSE:TOL) has launched the Tres Lagos – Estate Collection, a new luxury home community in Harris County, Texas. This gated collection features one- and two-story homes on expansive lots, ranging from 3,600 to 5,400+ square feet, with prices starting in the low $900,000s. The community boasts modern designs with various amenities and is conveniently located near shopping, dining, and major highways. Residents will benefit from the award-winning Klein Independent School District and onsite amenities such as a clubhouse and proximity to golf and equestrian facilities.
Toll Brothers (NYSE:TOL) announced the opening of a new Design Studio in Alpharetta, Georgia, enhancing its luxury home offerings in the Atlanta area. This state-of-the-art facility provides home buyers with a retail-like experience, offering a selection of premium design options and expert consultations. The studio's opening aligns with Toll Brothers' strategy to cater to the growing demand for personalized home designs, reinforcing its reputation as a leading luxury builder.
Toll Brothers (TOL) announced the opening of its sales center and model home at Weslyn Park, a community of luxury single-family homes in Sunbridge, Florida. The Bunnell model features 5 bedrooms and 3.5 bathrooms, priced from the low $600,000s. Home designs range from 2,485 to 4,042 square feet with various architectural styles and smart home technology. Residents benefit from amenities like a community garden, playground, and walking trails. Brock Fanning, Division President, highlighted the blend of luxury and accessibility to nature.
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