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.
Advertisement
Related Stories
New-Home Sales
New-Home Sales Steady During February
A small increase in mortgage rates during February led to a flat reading for new-home sales
Market Data + Trends
Hottest Markets for Rental Activity in February
Looking at February's rental activity, the West continued to be the most desirable region for apartment hunters for the second month in a row, with the South close behind
Market Data + Trends
Looking Ahead: Second-Quarter Housing Market Trends
Industry pros offer insights about what real estate trends we can expect to see during the next three months