Toll Brothers Wins #1 Home Builder Award
Toll Brothers wins #1 Home Builder in FORTUNE magazine’s 2022 survey of the World’s Most Admired Companies list, according to the press release on March 28.
Toll Brothers Locations
There are 2 communities in the Phoenixville area–Regency at Kimberton Glen and Preserve at Kimberton Glen, which have limited availability.
I reached out to Toll Bros to ask why they chose Phoenixville for the communities.
Toll Brothers builds communities in the heart of where people want to live.
Phoenixville combines historic charm and natural beauty to create the perfect centrally located place to call home.
Residents of Phoenixville enjoy close proximity to Route 422 and the PA Turnpike, King of Prussia. Center City Philadelphia is about 40 minutes away.
Major employers like Vanguard, GlaxoSmithKline, and Pfizer are within a short driving distance.
Downtown Phoenixville offers something for everyone – upscale shopping boutiques, casual or gourmet dining experiences, and art galleries.
Explore recreation opportunities at the Schuylkill River Trail and French Creek State Park.
Phoenixville Area School District is highly regardedAndrea Meck – Director, Public Relations & Social Media
Kindergarten Center Sale
Ironically, the news came out the same day Phoenixville Area School District voted 5-3 to sell the kindergarten center to the home builder.
In the fall, the PASD released its analysis on how the sale of the kindergarten center would affect tax revenue for the district. The interested buyers were the Phoenixville borough, Rockwell Customs, and Toll Brothers.
The district speculated that the biggest return on investment would be a sale of over $4 million dollars.
The Toll Brothers sale is worth $4.6 million.
Across social media, residents were vocal on the matter and attended the school board meeting, says the Patch.
All opinions aside, the need for housing in Phoenixville is important. The town is growing, and buyers are struggling to find available housing.
State of the Housing Market
Toll Bros is just another player in the gold rush that is the Phoenixville housing market. If you search on Zillow you’ll find a few results and prices far above the average in previous years.
Recently, the Dallas Federal Reserve indicated signs of a bubble–comparing current market trends to the early stages of the 2008 housing market collapse. Whether you understand the models or not, the housing market continues to surge. The Fed recently approved a small interest rate increase, which could be the start of an economic cool-off. However, it’s too early to tell if this increase will affect housing prices in a significant way.
Earlier this year, Toll Brothers acknowledged in its 2022 Q1 fiscal year release that, “home sales revenues were $1.7 billion, up 20% compared to FY 2021’s first quarter.”
If you’re an investor, $TOL closed March 31 at $47.02–down from December 10 all-time high of $74.67
Toll Brothers is a home builder headquartered in Fort Washington, Pennsylvania, with communities all over the United States.