It is a good news that the Toll Brothers Inc., which is known to be largest luxury home builder in the United States, has reported a total of 29 percent increase in their quarterly revenue. The quarterly revenue increase was due to the fact that the home builder sold more homes. Another reason was that they are selling their houses now at a higher prices as the housing demand keeps on getting stronger.
Douglas Yearley, who is the Chief Executive of the Toll Brothers Inc., gave a statement last Monday. He said that they are pleased with their strong performance on the fourth quarter of the fiscal year 2014. He also added that they will begin the fiscal year of 2015 with great optimism.
According to the latest housing, the home market has a great possibility to be picking up once again as the newest home begins to jump at 6.3 percent in terms of their annual pace in September after going through a 14.4 percent fall in the month of August.