December 5, 2017 / 5:10 PM / 8 months ago

Toll Brothers sees no change in buyer behavior due to tax reform

(Reuters) - U.S. luxury homebuilder Toll Brothers Inc (TOL.N) said on Tuesday it had not seen a potential change in buyers’ behavior on the back of a looming U.S. tax reform and that it is encouraged by the potential cut in corporate tax rates.

A Toll Brothers residential development is shown in Carlsbad, California, U.S., May 24, 2017. REUTERS/Mike Blake

“The issue of tax reform has been looming for months and we haven’t seen a change in our buyers’ behavior. They continue to buy, sales continue to be strong,” Chief Executive Douglas Yearley said on a post earnings call with analysts.

Reporting by Rachit Vats in Bengaluru; Editing by Anil D'Silva

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