Toll Brothers has never been a company that plays it small.

Now, with a new CEO at the helm and an ambitious expansion plan taking shape, the Fort Washington-based luxury homebuilder is making clear that its biggest moves may still be ahead, writes Paul Schwedelson for The Philadelphia Business Journal.

Karl Mistry, a 22-year company veteran who officially took over as CEO on March 30, is wasting no time putting his stamp on the business.

Under his leadership, Toll Brothers is targeting community count growth of up to 10% this year, a pace that would cement its position among the most powerful names in American homebuilding. Mistry has told analysts the company already controls the land it needs to hit those targets, signaling that the foundation for expansion is already in place.

The acquisition front is moving just as quickly. In April, Toll Brothers announced plans to acquire Fayetteville-based Buffington Homes of Arkansas, the leading luxury builder in the fast-growing northwest Arkansas market.

The deal would bring more than 1,500 lots and nine communities into the Toll Brothers portfolio, establishing a meaningful presence in the Fayetteville and Bentonville region, home to Walmart’s global headquarters.

Mistry called it an exciting entry into a “vibrant and growing” market, and the transaction is expected to close before the end of summer.

The strategy, though, runs deeper than any single deal. Toll Brothers executives have been candid about the advantage their financial strength gives them when competing for prime land, particularly as smaller builders find themselves squeezed out of the best opportunities.

Mistry has also set his sights on new Midwest markets, with cities like Indianapolis and Minneapolis on the radar as the company looks to continue filling in its national map.

The numbers back up the confidence. Toll Brothers delivered 1,899 homes in its most recent quarter, with an average sale price of approximately $972,000, and orders climbed year-over-year even as the broader housing market softened.

Management is guiding for 2,400 to 2,500 deliveries next quarter, a sign that demand from affluent buyers remains as durable as ever.

For Montgomery County, it is a reminder that one of its most prominent corporate residents is not standing still.

Toll Brothers is building toward something bigger, and by all indications, it is just getting warmed up.

See how Toll Brothers plans to reshape the luxury housing landscape across the country at The Philadelphia Business Journal.