Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, has announced the upcoming opening of its newest community, Longleaf Meadow, in Fuquay-Varina, North Carolina. This exclusive neighborhood will offer just 47 single-family home sites, providing top-tier options for personalization at the Toll Brothers Design Studio. Site work is underway, and the community is anticipated to open for sale in early 2025.

Home buyers will choose from six stunning two-story home designs with large, open floor plans ranging from 3,995 to 5,200+ square feet. The homes include 4 to 6 bedrooms, 3 to 5.5 baths, 2- to 4-car garages, and optional features designed for today's lifestyles such as flex rooms, offices, and lofts. Homes will be priced from the upper $800,000s.

"Our new Longleaf Meadow community will offer residents a graceful retreat in the flourishing and highly desirable Fuquay-Varina area," said Ted Pease, Division President of Toll Brothers in North Carolina. "This community is tucked away in verdant surroundings yet convenient to excellent shopping, dining, entertainment, and outdoor recreation in Fuquay-Varina and Holly Springs. Longleaf Meadow offers the rare opportunity to build a new construction home within this well-established neighborhood, providing an ideal environment for gracious luxury living."

Residents will enjoy proximity to area shopping and dining in the charming downtowns of Fuquay-Varina and Holly Springs. The community is situated within the esteemed Wake County Public School System and offers convenient access to Raleigh-Durham International Airport and major commuter routes including Interstate 540 and US Routes 401, 1, and 64.

Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

The Longleaf Meadow community will be located at Duncans Ridge Way and Duncan Cook Road in Fuquay-Varina. For more information and to join Toll Brothers interest list for Longleaf Meadow, call (844) 840-5263 or visit TollBrothers.com/NC.

Toll Brothers' strategy of building in high-demand, limited-supply areas has contributed to its strong financial performance. By focusing on these areas, the company is able to capitalize on the imbalance between supply and demand, which drives up home prices and increases profit margins. This strategy is evident in the company's recent financial results, where it reported a 21% increase in home sales revenue and a 30% increase in net contracts signed compared to the same period in 2023.

One example of this strategy in action is the company's focus on the luxury segment of the market. Toll Brothers' home buyers are generally less sensitive to affordability pressures caused by higher mortgage rates, which allows the company to maintain strong demand for its products even in a challenging economic environment. This is reflected in the company's backlog, which was $7.38 billion at April 30, 2024, consisting of 7,093 homes, indicating a healthy pipeline of future sales.

Additionally, Toll Brothers' ability to control, purchase, hold, and develop desirable and reasonably priced land parcels in these high-demand areas allows the company to maintain a steady supply of home sites for its customers. This, in turn, helps the company to manage its inventory and avoid the risks associated with overbuilding or underbuilding in a particular market.

In summary, Toll Brothers' strategy of building in high-demand, limited-supply areas has proven to be a successful approach, as evidenced by the company's strong financial performance and its ability to maintain a healthy backlog of future sales. By focusing on these areas, the company is able to capitalize on the imbalance between supply and demand, which drives up home prices and increases profit margins.