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This year, the Spring Sale season did not meet the expectations, the Toll brothers CEO Douglas Leley, a group of institutional investors gathered at the American 2025 apartment symposium in early this month, he said.
“The spring sales season, which really has a winter sales season, is when the most new houses in this country are sold,” he said. “It was not a good spring … it was still a soft spring season.”
Yeley, in February, noted the lower spot of the summer, in March and April, but not enough to call him a rebound.
In the region, Leley took a picture of a high bifurcated market. The best areas for the paid brothers are Boston and Northern Virginia, where land deficiency, sales inventory is dense and the competition of major public builders is limited.
“With the years of the covig, the northeast and Atlantic, the northeast and Atlantic, everyone, everyone was able to go away and leave.
Layley added: “There is less competition [in the Northeast]. Great public builders are not here. There are very few soils. Thus, when you get the land, these gold and sales markets are even harder. I live in Philly suburbs on the main line of Philadelphia. There is no inventory [here]. It is not Texas and Florida and the very large public builder and other places where you own many lands. So there is more supply [in Texas and Florida]. However, Boston and the North Virginia corridor are very supplying, and we also have [Toll Brothers] We are doing really good [in the Northeast]”
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On the flip side, the Toll brothers – a $ 11 billion market capitalization, in a $ 11 billion luxury evibuilder, the softer in the solar pipeline in the solar pipeline. Special houses for speculative houses – established without a buyer, will finish the house once, the builder will be built with the bet.
“Texas reserves are over …..
Layley, Arizona, Florida and Boomtown areas in Boomtown in Florida and Texas will last forever in Overhang. Starting to see some housebuilders already retreat.
“It is no longer the sale of the overhang of overhang over the secondary market. This will be cleaned [over time] The builders have begun fewer homes in the soft market and I think it will act naturally, “he said.
Despite the close-term softness, the annual long-term basics remain amblash over long-term bases that drive apartment. “We have more than 4-6 million homes in this country. We have not approached enough demand in the last 15 years in the last 15 years,” he said. “The tails for the industry are excellent, but the short-term pressure is real.”