Site Meter

Luxury Homebuilder Reports Higher Sales, Profits

by Michael Levy on August 23, 2012

in National, NEWS

Home ConstructionToll Brothers, the nation’s largest luxury home builder, reported that its third quarter earnings skyrocketed 46 percent over year ago levels as home buyer demand soars.

“We are enjoying the most sustained demand we’ve experienced in over five years,” Douglas C. Yearley, Toll’s chief executive officer, told NBC News. “We believe the housing recovery is being driven by pent-up demand, very low interest rates, and attractively priced homes.”

To read the full article, click here: Realtor Mag

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: