Fort Washington-based Toll Brothers is having a positive start to the new year, writes Shaina Mishkin for MarketWatch.

Tuesday, the luxury home builder reported that its shares were on the rise after it reported earnings that had surpassed the expectations of analysts.

The home developer is also enjoying a “strong start to the spring selling season,” according to a company report.

“Since mid-January, we have seen a marked increase in demand coinciding with the start of the spring selling season,” said, CEO Douglas C. Yearley, Jr.

“With a healthy job market, improving consumer sentiment, and continued low levels of resale inventory, we are optimistic that demand for new homes will remain strong in 2024.”

Toll Brothers reported earnings of $2.25 a share on revenue of $1.95 billion in its first quarter which ended January 31.

The home builder delivered 1,927 homes and 2,042 signed contracts in the first quarter. This was more than the expected 1,864 deliveries and 1,964 contract signings.

Read more about Toll Brothers’ reported earnings and its projections for the spring selling season at MarketWatch.

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