|Exchange:||New York Stock Exchange|
|Stock:||Toll Brothers Inc|
|Toll Brothers, Inc. is a Delaware corporation formed in May 1986. The Company designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities. It is also involved, directly and through joint ventures, in projects where it is building, or converting existing rental apartment buildings into, high, mid and low-rise luxury homes. It caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in 19 states of the United States. The Company’s traditional, single-family communities are generally located on land it has either acquired and developed or acquired fully approved and, in some cases, improved. It operates its own land development, architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. It also develops, owns and operates golf courses and country clubs associated with several of its master planned communities. The Company’s communities are generally located in affluent suburban areas near major highways providing access to major cities. It is also operating in the affluent urban markets of Hoboken and Jersey City, New Jersey, New York City, New York and Philadelphia, Pennsylvania. In most of its single-family detached home communities, it offers at least four different house floor plans, each with several substantially different architectural styles. In addition, the exterior of each basic floor plan may be varied further by the use of stone, stucco, brick or siding. The Company competes with numerous home builders of varying sizes, ranging from local to national in scope. The Company is subject to various local, state and federal statutes, ordinances, rules and regulations concerning zoning, building design, construction and similar matters, including local regulations that impose restrictive zoning and density requirements in order to limit the number of homes that can eventually be built within the boundaries of a particular property or locality.|
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