Toll Brothers City Living division struggles in FY 2016

The super-luxury condo party in New York City is over. That was the message Toll Brothers CEO Doug Yearley had for investors on Tuesday’s fourth-quarter earnings call. Though the nationally-focused real estate firm reported $382.1 million in overall profits in fiscal year 2016 — an uptick of 5.2 percent year-over-year — its luxury-laden urban properties […]

Toll Brothers profits by focusing on “moderate luxury”

Toll Brothers’ focus on “moderate luxury” in the face of a high-end slowdown appears to be paying off: the Pennsylvania-based homebuilder saw profits soar 58 percent as revenue jumped 24 percent during the third quarter, the company reported Tuesday. “While there’s been a lot of discussion about weakness in the luxury home market, we just aren’t […]