What separates Toll Brothers from the other national homebuilders?
Toll Brothers is a large, national homebuilder (top 10 in the nation by revenue). Many national builders are unit driven; they focus on how many homes they can build, and how fast build them. They compensate for slim profit margins by building in large volume. At Toll Brothers, on the other hand, the emphasis is on quality and profitability. We focus on the luxury move-up and empty nester markets, and have established ourselves as the dominant builder in this niche. Our average home price of $516,000 is twice the average home prices of the rest of the top 10 builders, and our profit margins are the highest of all construction and engineering companies in the Fortune 1000. Focusing on the high end is beneficial to our profitability, and it is also very gratifying to our employees. Many of our Project Managers and Construction Managers have had previous stints with other national homebuilders. They flourish at Toll Brothers because they have the luxury of being able to get away from the