Aug 27th 2010 1:28PM
Leading home builder Toll Brothers showed a small profit in the third quarter of 2010 for the first time since 2007, thanks to tax breaks and smaller writedowns. Toll Brothers' strong cash position will allow it to take advantage of distressed property sales and be ready for quick growth as the market stabilizes. The... Continue Reading »
Aug 25th 2010 2:29PM
With many economists blaming the end of the homebuyer tax credit for last month's dreadful home sales, at least one company is singing its praises. Luxury homebuilder Toll Brothers posted its first profitable quarter in nearly three years -- and the homebuyer tax credit is foremost on its list of thank-yous. The company... Continue Reading »
Jul 22nd 2010 2:19PM
You can't blame them for trying to make lemonade. Toll Brothers, the nation's largest builder of luxury homes, says it has launched an investment firm to take advantage of the housing bust. Gibraltar Capital and Asset Management, a wholly-owned subsidiary, will trade distressed property and loan portfolios, take over... Continue Reading »
May 28th 2010 9:00AM
Overly optimistic home builders helped fuel the housing bubble. Now the country's largest luxury homebuilder is back -- as overly optimistic as ever. Should buyers believe the hype? In case you missed it: Toll Brothers reported that its losses shrank in the second quarter to $40.4 million or 24 cents a share, compared... Continue Reading »
Jan 7th 2010 2:14PM
Toll Brothers, a national homebuilder that has struggled to implement its plain-vanilla housing formula in New York City's most populous borough, has paid $8.6 million for a parcel near the Brooklyn waterfront. The company plans to build a 70-unit condominium in the hip, industrial Dumbo neighborhood, according to... Continue Reading »
