Toll Brothers Expects Millennial Homeownership Surge Next Year

Nearly a quarter of the homes sold by Toll Brothers in 2016 had at least one primary buyer under the age of 35.

Fox Business reports that the builder is expecting even more young buyers next year.

“With the millennial generation now entering their thirties and forming families, we are starting to benefit from the desire for home ownership from the affluent leading edge of this huge demographic wave,” CEO Douglas Yearley Jr. said Tuesday.

Toll Brothers will offer an affordable new product line to appeal to young families. T|Select homes have fewer structural options and a quicker delivery time.

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