Toll Brothers : sees no change in buyer behavior due to tax reform
December 05, 2017 at 12:09 pm EST
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(Reuters) - U.S. luxury homebuilder Toll Brothers Inc said on Tuesday it had not seen a potential change in buyers' behavior on the back of a looming U.S. tax reform and that it is encouraged by the potential cut in corporate tax rates.
"The issue of tax reform has been looming for months and we haven't seen a change in our buyers' behavior. They continue to buy, sales continue to be strong," Chief Executive Douglas Yearley said on a post earnings call with analysts.
(Reporting by Rachit Vats in Bengaluru; Editing by Anil D'Silva)
Toll Brothers, Inc. is a builder of luxury homes. The Company designs, builds, markets, sells and arranges financing for an array of luxury residential single-family detached home, attached home, master-planned, and urban low-, mid-, and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries. It also develops master-planned and golf course communities as well as operate, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. The Company also caters to urban and suburban renters under the brand names Toll Brothers Apartment Living and Toll Brothers Campus Living. It designs, builds, markets, and sells high-density, high-rise urban luxury condominiums with third-party joint venture partners through Toll Brothers City Living (City Living). The Company operates in approximately 24 states and in the District of Columbia.
TOLL BROTHERS, INC. 
