Homebuilder profits, why brand beats volume for Toll Brothers

By: Scott Finfer

On: October 30, 2026, 8:29 am EDT

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The homebuilder scale trap is that revenue can rise 50% while profits fall; Toll tripled net income as Lennar earned less than in 2020

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Frances Perkins Building, U.S. Department of Labor headquarters in Washington, in a May 2010 archive photograph.

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