Toll Brothers’ Home Orders Soar in Rally for Luxury Sales

December 21, 2020
Prashant Gopal - Bloomberg

Toll Brothers Inc. reported better-than-expected order growth, a sign that homebuyers rushing to the suburbs during the pandemic are fueling a boom in luxury sales.

  • Purchase contracts for the three months through October, jumped 68% from a year earlier to 3,407, the builder said in a statement Monday. The average estimate of analysts surveyed by Bloomberg was 3,237. It wasn’t enough for investors, however -- the shares fell in late trading.


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