Announcing the 2024 Tech Trendsetters winners.

Read Now
Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
Mortgage

Toll Brothers says it can raise prices on new homes

The housing recovery — along with stark inventory shortages in some areas — is driving up the price of all real estate, including new homes.

Toll Brothers Inc (TOL) CEO Douglas Yearley Jr. told Bloomberg news that the nation's largest luxury homebuilder will be looking to raise its prices:

Buyers are purchasing properties “sight unseen” in New York and demand is strong on the coasts, Texas and in suburban Detroit, Yearley said today at The Year Ahead: 2014, a two-day conference in Chicago sponsored by Bloomberg LP.

“We have plenty of room,” to raise prices, Yearley said. “I think 2014 is going to be a great year.”

While Toll Brothers has seen their stock drop by 7.75 percent in the past six months, the value of the company's stock remains up 6.65 percent for the year. Shares were down slightly to $33.18 in early trading Thursday.

Most Popular Articles

Latest Articles

How realtors can leverage micro-market shifts to drive urgency and capitalize on opportunities in a challenging market 

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer, is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. 

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please