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Toll Brothers Expects Inventory Shortage To Drive Demand for New Houses

Strong Second-Quarter Showing Prompts Luxury Builder To Boost Annual Guidance

A construction worker operates a drill on the roof of a new house. Toll Brothers sold 2,641 houses in the fiscal second quarter. (iStock)
A construction worker operates a drill on the roof of a new house. Toll Brothers sold 2,641 houses in the fiscal second quarter. (iStock)

Luxury homebuilder Toll Brothers said it expects a severe shortage of existing inventory to drive demand for new housing that will help bolster its earnings for the rest of the year.

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