Toll Brothers CEO Douglas C. Yearley Jr. credits the company’s enduring success to the values instilled by its co-founder, Bruce E. Toll, writes Kevin Riordan for the Philadelphia Inquirer.
“This company was founded on grit, and on being smarter and working harder than anyone else,” Yearley said. “That speaks to how Bob and Bruce were raised, and speaks to Philadelphia.”
Yearley, who joined Fort Washington’s Toll Brothers in 1990 and became CEO in 2010, has overseen the company’s expansion into 26 states, including major developments in New York, Florida, and California. In 2024 alone, the company completed 11,000 new homes.
Despite reporting $1.57 billion in net income last year, Toll Brothers missed first-quarter earnings projections for 2025 due to delayed asset sales. Yearley remains optimistic, reaffirming key homebuilding estimates and the strength of the luxury market.
He also acknowledges challenges in the housing industry, from restrictive zoning laws to high mortgage rates and labor shortages. “The main limitations on building housing in this country are land and workers,” Yearley said, stressing the need for a stronger workforce.
Read more about Philadelphia’s influence on the homegrown Toll Brothers in the Philadelphia Inquirer.
Editor’s Note: This post was originally published on MONTCO Today in February 2025.
