Toll Brothers, Inc. (NYSE:TOL) Q1 2023 Earnings Call Transcript

Douglas Yearley: Right. Now as cycle times come down, as some building costs come down, the team are allowed to plug in current conditions for that, too, but they have to work off of current market conditions when it comes to sales price and sales pace. So we have some frustrated land teams out there, but that’s good. They’re hubs. And we celebrate deals. We’re doing deals and we make sure everybody knows that the treasury is open. It’s just tight.

Operator: And this concludes our question-and-answer session. I would like to turn the conference back over to management for any closing comments.

Douglas Yearley : Thank you very much. Thanks, everyone, for your interest and support. We appreciate very much. We’re always here to answer any individual questions you may have. And €“ what is it 6pm in Philly today, so spring is coming. Thanks so much. Take care.

Operator: Thank you. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect your lines.