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Luxury homebuilder says more than 70% of business is from wealthy move-ups and empty nesters with years of home price appreciation. The rest are rich millennials

Fortune LogoFortune3d ago

Luxury homebuilder says more than 70% of business is from wealthy move-ups and empty nesters with years of home price appreciation. The rest are rich millennials - Fortune

Quick Summary:

"Demand for our homes continues to be supported by our affluent customer base,” Toll Brothers chief executive and chairman Douglas Yearley said on an earnings call on Wednesday.

“Demand for our homes continues to be supported by our affluent customer base,” Toll Brothers chief executive and chairman Douglas Yearley said on an earnings call on Wednesday.

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Luxury homebuilder says more than 70% of business is from wealthy move-ups and empty nesters with years of home price appreciation. The rest are rich millennials - Fortune (Picture 1)

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 06:07:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 29 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 26286386

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Official Website: fortune.com

Update Frequency: 10 posts per day

Year Established: 1929

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News Last Updated: 10 hours ago

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Publisher ID: #95

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  • URL: https://chronographically.beamstart.com/news/luxury-homebuilder-says-more-than-17400318275634

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