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By Adriano Marchese
Luxury homebuilder Toll Brothers Inc. said Tuesday that it projects a 20% growth in revenue in fiscal 2022 amid strong demand.
The company said it expects to deliver between 11,250 and 12,000 units in the full year at an average delivered price of between $875,000 and $895,000.
In fiscal 2021, the company said it delivered 9,986 homes, bringing home sales revenues to $8.43 billion.
The company said demand remains strong, as the housing market continues to benefit from favorable demographics, low mortgage rates and a tight resale market.
“We believe these trends will continue to drive strong demand for our first-time, move-up and active adult communities well into the future,” Chairman and Chief Executive Douglas Yearley said.
Write to Adriano Marchese at adriano.marchese@wsj.com
