Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the ''Fortune'' 500. In 2021, the company sold homes at an average selling price of $844,400. Average prices ranged from $663,700 in the South region to $1,376,800 in the Pacific region. As of 2024, Toll Integrated Systems, A Toll Brothers Company, operates a manufacturing, assembly and distribution center located in Morrisville, Bucks County, Pennsylvania.

History

Toll Brothers was founded in 1967 in Pennsylvania by Robert I. Toll and Bruce E. Toll. Robert received a law degree from

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

and his B.A. from

Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...

, while his brother Bruce had an accounting degree from the

University of Miami The University of Miami (UM, UMiami, Miami, U of M, and The U) is a private university, private research university in Coral Gables, Florida, United States. , the university enrolled 19,852 students in two colleges and ten schools across over ...

. Their father, Albert, built homes and the brothers believed that the new home industry had more to offer. Bruce was 26 and Robert was 27 at the time. Toll Brothers was incorporated as a

Delaware corporation The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U. ...

with a public offering raising $40 million. In addition to single-family, carriage house/

townhouse A townhouse, townhome, town house, or town home, is a type of Terraced house, terraced housing. A modern townhouse is often one with a small footprint on multiple floors. In a different British usage, the term originally referred to any type o ...

and

condominium A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual own ...

residences, Toll Brothers offers rental apartments (Apartment Living division) and luxury student housing (Campus Living division). They also operate various ancillary businesses including

mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

, home automation/security, and

landscaping Landscaping refers to any activity that modifies the visible features of an area of land, including the following: # Living elements, such as flora or fauna; or what is commonly called gardening, the art and craft of growing plants with a goal ...

Executives

Robert Toll stepped down as chairman in 2018 and served exclusively as special advisor to the company. Douglas C. Yearley Jr. joined Toll Brothers in 1990 and was promoted as chief executive officer in June 2010 and currently holds the position of chairman and chief executive officer. Doug also serves as co-chair of the Pennsylvania Chapter of

American Cancer Society The American Cancer Society (ACS) is a nationwide non-profit organization dedicated to eliminating cancer. The ACS publishes the journals ''Cancer'', '' CA: A Cancer Journal for Clinicians'' and '' Cancer Cytopathology''. History The society w ...

's CEO's Against Cancer. Martin Connor was hired as chief financial officer in 2010. Robert Parahus was promoted to chief operating officer and executive president in 2020.

Acquisitions

Toll Brothers has made thirteen acquisitions since 1995: * West Texas Woodlands * Geoffrey H. Edmunds in Scottsdale, Arizona (1995) * Coleman Homes' Las Vegas Division (1998) * Silverman Homes in metro Detroit (1999) * Richard R. Dostie (2003) and The Manhattan Building Company (2003) in northern New Jersey * the central Florida Division of Landstar Homes (2005) * CamWest Development in Seattle, Washington (2011) * Shapell Industries in California (2014) * Coleman Homes in Boise, Idaho (2016) * Sharp Residential in Atlanta, Georgia (2019) * Sabal Homes in South Carolina (2019) * Thrive Residential in Nashville and Atlanta (2020) * Keller Homes in Colorado Springs (2020)

Disputes

Toll brothers has a 1.3/5 score on consumeraffairs.or
Toll Brothers on Consumer Affairs
Common complaints are regarding quality and warranty service. Toll Brothers was sued in April 2007 by a group of investors claiming they were misled by directors about their ability to maintain historically high earnings during the downturn in the U.S. residential real estate market. Toll Brothers agreed to settle the suit for $25 million, though they did not admit any wrongdoing. The project gained notoriety in 2007 when a kettle of roofing tar on the top level caught fire during construction and although quickly contained produced a significant amount of smoke. After meeting with the residents Toll Brothers agreed to fix the seals. Toll Brothers sued the contractor who installed the windows for $10 million. In 2012, the company was required to pay a penalty of $741,000 for numerous alleged violations of the

Clean Water Act The Clean Water Act (CWA) is the primary federal law in the United States governing water pollution. Its objective is to restore and maintain the chemical, physical, and biological integrity of the nation's waters; recognizing the primary respo ...

, including more than 600 relating to runoff of stormwater at its building sites, among them sites in the Chesapeake Bay Watershed. Toll Brothers agreed to implement storm-water training and prevention techniques across the entire company. The Toll Brothers have also filed lawsuits over denial of building permits over concerns about traffic density, watershed and other concerns

References

{{Authority control Companies listed on the New York Stock Exchange Construction and civil engineering companies of the United States American companies established in 1967 Home builders Companies based in Montgomery County, Pennsylvania Construction and civil engineering companies established in 1967 1967 establishments in Pennsylvania Companies in the S&P 400