CONSTRUCTION DEFECT JOURNAL

"News and Information for Construction Defect and Claims Professionals"

CONSTRUCTION DEFECT JOURNAL - ISSUE 242749 - THURSDAY, FEBRUARY 6, 2025

Toll Brothers Shares Climb as Mortgage Rate Pullback Stokes Demand

December 23, 2023
Patrick Clark - Bloomberg

Toll Brothers Inc. stock rose as the homebuilder’s executives pointed to “solid” demand in recent weeks as mortgage rates pulled back from two-decade highs.

“It sure feels good heading into the spring season,” Chief Executive Officer Douglas Yearley said in an earnings call Wednesday. “We think we will be able to raise prices. And we’ll be able to continue to manage and hopefully continue to modestly reduce the incentive.”


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