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Toll Brothers
Based in Horsham, Pennsylvania, Toll Brothers, Inc., is the premier builder of luxury residences and luxury communities in the United States. The group’s main activities consist in designing, building, marketing, and arranging financing options for luxury residential communities. Other projects include building or converting rental apartment buildings into low, middle and high-rise luxury homes. Through its subsidiaries, the group operates own architectural, engineering, title, mortgage, land development, landscaping, lumber distribution, security monitoring, manufacturing and house component assembly operations.
With more than 8,000 homes built annually, Toll Brothers boasts a long impressive record of revenue and profitability growth. Today, Toll Brothers is constructing mostly single-family luxury homes in some 300 communities in 20 states, and is best positioned on the market in the Mid-Atlantic region. As one of the nation’s most important homebuilders, the company received the 1995 National Housing Quality Gold Award, as well as the titles of America’s Best Builder and the National Builder of the year.
Homebuilding Architectural Designs
Toll Brothers has an in-house design firm, Toll Architecture, and two manufacturing facilities in Virginia and Pennsylvania. Together, these subsidiaries offer high standards of design, contributing to the development of some of the best homes for the company’s customers. The in-house engineering department is responsible for building pre-designed options which result in highly sophisticated customization solutions, several of them being available on the company’s website as well. The luxury residences built by Toll Brothers have unique, exciting features, such as butterfly staircases, workable and elaborate kitchens, or luxurious bathrooms.
Customizing Options
For over 35 years, Toll Brothers’ standard design features have been improved by using a wide range of “extras”, which vary from one community to the other. Worldwide designs are studied at Toll Architecture in order to offer house buyers comprehensive colors and designs selections for both the interior and exterior of their homes. The list of design features includes secondary staircases, dramatic foyers, hardwood flooring, fireplaces, cathedral ceiling, gourmet kitchens, walk-in closets, luxurious master bedrooms and bathrooms, and many more. Homebuyers can also add greenhouses, sunrooms, skylights or wet bars to their properties. Each community has its own customization catalogue with hundreds of available options.
On-site Project Management
Toll Brothers places a special emphasis on the relationship between buyer and builder. In each community there is a project manager who is in charge of construction, sales, and everything related to it. This means that the project manager is on the building site almost every day, coordinating subcontractors and running the job. As the home is constructed, the project manager is also the one who supervises the entire process, as the group does its best to preserve the sensitivity and efficiency of a small local builder.
Mortgages
One of the Toll Brothers subsidiaries is TBI Mortgage, a company that offers access to the national marketplace for mortgages. Whether customers want a loan for a new home or to refinance their existing home, TBI Mortgage provides a whole range of flexible financing solutions, together with expert mortgage counseling and competitive mortgage rates. The TBI Mortgage Conventional and FHA programs include adjustable rates, fixed rates, first-time buyer programs, balloon loan programs and more.
Financial Analysis
In the six-month and three-month periods ended April 30, 2007 Toll Brothers Inc. generated $ 2.27 billion and $1.17 billion of revenues while it generated $ 2.78 billion and $1.44 billion of revenues in the comparable periods of fiscal year 2006. Net income went down to $ 91.0 million for six-month period as compared to $338.8 million in the comparable of fiscal 2006.
Due to slow down in housing market across most of the geographical regions in US, Toll Brothers Inc is experiencing decline in numbers of contracts signed in the third quarter of fiscal 2007 than the previous years. However, access to reliable capital and strong liquidity gives its competitive advantage which may provide it with unexpected opportunities in the current challenging environment.
National Presence
It has established national presence in the luxury home-building market with the average price of $660,000 of homes delivered. Some of the strengths of the company are:
- 6th largest home-builder on the basis of home-building revenues
- Broad geographical presence in 4 regions and about 21 states
- Main competitors are small private builders
- Has land expertise and customized systems
- Follows conservative financial approach which gives it strong balance-sheet during slumps
- High-quality panel equipment gives high volume of production and reduces dependence on skilled carpenter
- Controls 65800 home sites in affluent markets
- Strong brand image and financial strength in luxury home market
- Supply of land for 6-7 years based on historic pace of growth especially in lot-constrained markets
- Has strong management team
- Offers extensive customization
- Buyers have hundreds of structural and designer options
Opportunities
The home-building industry has recently been very unpredictable. However, following external conditions provide it with opportunities:
- Market conditions are better than it was in the period 1993-2003
- Current empty-nesters( one of its customer segment ) are wealthier than depression era parents
- Population growth
- Low unemployment rate
- Mortgage rates below than Historical averages
- No Foreign competition
- Well- capitalized to grow its market share
- Households with a income of $100,000 is growing 5.4 times faster than all other households
- Housing demand is expected rise for the period of 2005-2015
Languages
English
Address
- 250 Gibraltar Rd
- Horsham PA 19044 US
Contact
- Toll Brothers, Inc., Toll Brothers Admin
-
- +1 215 938 8100, Fax: +1 215 938 8292
Additional Information
Related Domains
External Links
- Stock: TOL
- Alexa: TollBrothers.com
