Toll Brothers Inc (TOL): What You Need To Know

Interestingly, Toll Brothers has decided to move beyond outright sales to promote luxury rentals. In a partnership with AECOM Technology Corp (NYSE:ACM)‘s Capital investment fund, Toll Brothers Inc (NYSE:TOL) announced last month it would develop a 417-unit rental tower in Jersey City, with leasing expected by early 2015. The building is the first of a planned complex that will include 925 residential units, along with a performing arts center, retail space, and a pedestrian plaza. Given Toll Brothers’ focus on luxury, catering both to renters and buyers makes sense for the company.

In Toll Brothers Inc (NYSE:TOL)’ report, look at whether the company is able to sustain growth at rates similar to what middle-end homebuilders have managed lately. If the luxury end of the housing market is struggling, it could have ramifications not just for Toll Brothers Inc (NYSE:TOL) but for the U.S. economy as a whole.

The article Will Toll Brothers Boom in Housing’s Recovery? originally appeared on Fool.com.

Fool contributor Dan Capling and The Motley Fool have no position in any stocks mentioned. You can follow Dan on Twitter @DanCaplinger.

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