According to Reuters, Toll Brothers reported a 29 percent jump in quarterly revenue after it sold more homes at higher prices as demand increased.
“We are pleased with our strong finish to fiscal year 2014 and, given the fourth quarter’s improvement in demand, begin fiscal year 2015 with optimism,” said the company’s Chief Executive Douglas Yearley in a statement. Toll’s case is one example of what Reuters says is the latest housing data that “shows the market could be picking up again” after soaring home prices and rising interest rates dampened demand in the first eight months of 2014.
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