Dow Jones Newswires Archives | Email alerts

Dec. 7, 2021, 5:00 p.m. EST

Toll Brothers sees strong demand drive 20% revenue growth in 2022

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Toll Brothers Inc. (TOL)

or Cancel Already have a watchlist? Log In

By Adriano Marchese

Luxury homebuilder Toll Brothers Inc. said Tuesday that it projects a 20% growth in revenue in fiscal 2022 amid strong demand.

Toll Brothers /zigman2/quotes/201912487/composite TOL -2.24% said it expects to deliver between 11,250 and 12,000 units in the full year at an average delivered price of between $875,000 and $895,000.

In fiscal 2021, the company said it delivered 9,986 homes, bringing home sales revenues to $8.43 billion.

The company said demand remains strong, as the housing market continues to benefit from favorable demographics, low mortgage rates and a tight resale market.

“We believe these trends will continue to drive strong demand for our first-time, move-up and active adult communities well into the future,” Chairman and Chief Executive Douglas Yearley said.

Write to Adriano Marchese at adriano.marchese@wsj.com

/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 54.91
-1.26 -2.24%
Volume: 2.40M
Jan. 27, 2022 3:59p
P/E Ratio
8.25
Dividend Yield
1.24%
Market Cap
$6.76 billion
Rev. per Employee
$1.72M
loading...

Get news alerts on Toll Brothers Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Dow Jones Newswires

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.