Shares of Toll Brothers, the largest US luxury home builder, rose this week on second-quarter profit as the company delivered more properties and raised its prices. Net income climbed to $65.2 million, or 35 cents a share, from $24.7 million, or 14 cents, a year earlier, the Horsham, Pa., company said. The average price of Toll’s homes delivered during the quarter rose to $706,000 from $577,000 a year earlier.
Builder’s profits climb in second quarter
