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Luxury homebuilder Toll Bros.: Sales rise, tax overhaul 'a wash' for upscale buyers

Executive chairman Robert Toll credited "low unemployment, income growth, a strong stock market and attractive mortgage rates," which he said benefit the "upscale" home buyers who are his company's biggest target.

Toll Bros. has been building more townhouses as the high-end homebuilder seeks to boost sales to millennials and downsizing baby boomers.
Toll Bros. has been building more townhouses as the high-end homebuilder seeks to boost sales to millennials and downsizing baby boomers.Read moreEd Hille / Staff Photographer