Latest news with #newconstruction
Yahoo
01-06-2025
- Business
- Yahoo
Topping $5 billion: Thousands of new homes lift Palm Beach County's new-construction value
The value of new construction in Palm Beach County will top $5 billion this year as thousands of new residences are added. This is according to Palm Beach County Property Appraiser Dorothy Jacks, who recently told county commissioners about the state of the market from last year and what to expect this year. New construction value also hit $5 billion in taxable value in 2024 with nearly 6,500 'new livable units added to the tax roll for 2025,' Jacks said during a recent public County Commission meeting. And the new construction estimates for this year include more than 3,000 new homes and more than 4,000 rentals. 'In Palm Beach County, we still have a lot of land to build on and also the cost of construction is rising, which causes the new construction values to rise because all of that new construction is being better built, probably more solidly built, and so I suspect we'll see a continuation of these high new construction numbers over the next few years,' Jacks said. Palm Beach County Chief Appraiser Cecil Jackson explained that the $5 billion in taxable value is essentially the same as assessed value, which is a property's deemed worth. This is different from market value, which is the cost for which the property would sell. Adding the $5 billion in new construction ultimately means a 'widening of the tax base for all taxpayers in Palm Beach County,' said Becky Robinson, a spokesperson for the Property Appraiser's Office. And for prospective buyers who may want a property that is newer and more 'vibrant,' rather than buying a used property, the new construction is good news for them, too, Jackson said. 'It's just a lot like buying a new car. Some people like new cars. Some people like used cars. It just depends on the motivation of the buyer,' he said. The county also is 'insulated' in many ways from the inevitable development problems that will be spurred by the slowing economy, Jacks said. 'We still have a lot of interest from people who want to develop in this particular area in Florida but also in South Florida and really Palm Beach County is right there at the center of it now as Broward is built out,' Jacks said. 'Broward really is east-to-west built out. They can only go up now, and Miami-Dade certainly still has a fair bit of land to build but also a very large population already.' Jackson called Palm Beach County's market a 'robust' one. 'We have very diverse types of property here throughout the county from mobile homes to multimillion-dollar, single-family properties to the condominiums,' he said.
Globe and Mail
29-05-2025
- Business
- Globe and Mail
New Toll Brothers Luxury Home Community Coming Soon to Royersford, Pennsylvania
ROYERSFORD, Pa., May 29, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Canterbury Meadows, is coming soon to Royersford, Pennsylvania. This exclusive Toll Brothers neighborhood will include a selection of modern two-story home designs and an array of luxury amenities. Site work is underway at 183 Kline Road in Royersford, and the community is anticipated to open for sale in fall 2025. Canterbury Meadows will showcase a luxurious selection of modern two-story home designs with flexible floor plans ranging in size from 3,029 to 3,677+ square feet. Homes will include 4 to 5 bedrooms, 3.5 to 5.5 bathrooms, 2-car side-entry garages, full basements, and first-class personalization options. Homes are anticipated to be priced from $1 million. 'Our new Canterbury Meadows community will offer residents the rare opportunity to build a new construction home within the well-established and highly desirable Royersford area,' said John Dean, Division President of Toll Brothers in Pennsylvania. 'With most of the homes backing to open space, residents here can enjoy a serene and peaceful lifestyle while being just minutes from vibrant shopping districts, fine dining, and everyday essentials.' The community is conveniently located to U.S. Routes 422 and 202 and offers easy access to nearby Providence Town Center, King of Prussia, Collegeville, and downtown Phoenixville. Outdoor recreational entertainment abounds at nearby Limerick Community Park, Evansburg State Park, Anderson Farm Park, and Turtle Creek Golf Course. Canterbury Meadows is located near top-rated schools in the Spring-Ford Area School District. Home shoppers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. 'With large, open floor plans and unrivaled personalization options through the Toll Brothers Design Studio experience, this community will set a new standard for luxury living in Montgomery County,' added Dean. 'For prospective Toll Brothers customers looking to move on a quicker timeline, quick move-in homes will also be available when the community opens.' Additional Toll Brothers new home communities in the area include Charterfield Landing, Boxwood, Hearthfield, and Riverstone Crossing. For more information and to join the Toll Brothers interest list for Canterbury Meadows, call (855) 872-8205 or visit About Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license.
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Toll Brothers Announces New Luxury Home Community Coming Soon to Scottsdale, Arizona
SCOTTSDALE, Ariz., May 22, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its newest community, Toll Brothers at HighPoint, is coming soon to Scottsdale, Arizona. This exclusive gated neighborhood will feature 122 spacious home sites, offering the perfect blend of luxury and serenity in a sophisticated desert setting. Site work is underway at 39977 N. 115 th Street in Scottsdale, and the community is expected to open for sale in late summer 2025. Toll Brothers at HighPoint will offer nine single-level home designs ranging from 3,640 to over 5,000 square feet of luxury living. Each home will be built on expansive home sites averaging 2.75 acres, with breathtaking views of the Sonoran Desert and city lights. Personalization options including casitas, multi-generational living suites, and up to eight-car garages will allow home buyers to create their perfect retreat. Homes are expected to be priced starting from $1.9 million. 'Our new Toll Brothers at HighPoint community will provide home buyers the rare opportunity to build a new construction home in one of Scottsdale's most desirable areas,' said Bob Flaherty, Group President of Toll Brothers in Arizona. 'With a range of personalization options and designer finishes, this community will set a new standard for luxury living in the desert.' Residents will enjoy direct access to a network of trails within the community and proximity to outdoor recreation such as hiking, golf, and lake adventures at Bartlett Lake. Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. Each home will be built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. Additional Toll Brothers new home communities in the Scottsdale area include award-winning master plan community, Sereno Canyon, Ranch Gate Estates, Sonoran Trails, and Reserve at Black Mountain. For more information and to join the Toll Brothers interest list for Toll Brothers at HighPoint, call (844) 836-5263 or visit About Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license.
