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Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous][quote=Anonymous]So, you guys hear their call transcripts???[/quote] I mean, I saw your message and was curious...so took 30 seconds to google and control+F to find this. In addition, we have been fine-tuning our strategy related to our spec homes. On average, 15% to 20% of our deliveries each year are build on spec. Our strategy is now to delay selling these homes until we reach at least 50% completion, allowing us to maximize the price at which we sell these homes. All of these factors give us confidence in the gross margin in our backlog and our projections for the remainder of this year and into next. https://www.fool.com/earnings/call-transcripts/2021/05/26/toll-brothers-inc-tol-q2-2021-earnings-call-transc/ [/quote]
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