HORSHAM, Pa., May 13, 2014 (GLOBE NEWSWIRE) -- Toll Brothers, (NYSE:TOL) (Tollbrothers.com) the nation's leading builder of luxury homes, has been honored as Builder of the Year by BUILDER magazine, the leading media brand in residential construction. This prestigious award was given in recognition of Toll Brothers' excellence in successful business strategy, its achievements, and its corporate leadership. Douglas C. Yearley, Toll Brothers' chief executive officer, proudly accepted the award on Monday, May 12 during the BUILDER 100 Awards Ceremony held at the 2014 Housing Leadership Summit in Dana Point, California.
Mr. Yearley stated: "We are thrilled and honored to be chosen for this esteemed award. Since 1967 Toll Brothers has balanced prudent financial management with extraordinary customer service and a dedication to building homes of quality and value, and communities that will always sustain our legacy. Most importantly, this is a reflection of the ingenuity, hard work, and dedication of each and every one of our colleagues and associates at Toll Brothers."
"The company's up-market price-point, lifestyle segmentation positions, and its best-of-breed execution set it apart from competitors as one of housing's most powerful and promising brands," said BUILDER editorial director John McManus in presenting the award. "Toll Brothers one day will be a globally recognizable luxury housing and hospitality trademark along the lines of Four Seasons or Ritz-Carlton."Toll Brothers' ability to thrive through five recessions – especially the most recent - was also of great significance in the selection of the company as Builder of the Year. Mr. McManus stated "Even while weathering the recession, Horsham, Pennsylvania-based Toll Brothers has transformed itself into a national multi-threat real estate power brand, with a complement of suburban, closer-in, and urban options for affluent home buyers and renters. The company's success stems from its ability to raise capital, acquire land, and create value in new residential communities."