November 16, 2024 1:37 pm
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Toll’s average price falls as company aims for millennials

Reuters via BUILDER

Toll Brothers Inc. recently reported its third consecutive quarter of average sales price decline and forecast its first annual price decline in seven years. Reuters staffers Arunima Banerjee and Yashaswini Swamynathan report on this decline for Toll Brothers, which this year introduced a range of homes aimed at millennials that has prices starting from $300,000.

This change is indicative of a larger trend for luxury home builders as they sell more, but cheaper, homes to millennials as they enter the housing market:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.