Toll Brothers is the leading luxury homebuilder in the US, operating in over 60 markets across 24 states. The Fort Washington, Pennsylvania-headquartered homebuilder caters to affluent first-time, move-up, active-adult, and second-homebuyers. Toll Brothers' traditional build-to-order strategy has shifted in recent years to a greater mix of speculative, or "quick move-in" homes. The homebuilder has also expanded its price points, with a greater emphasis on "affordable luxury.” Traditional homebuilding accounts for most of Toll Brothers’ earnings, but the firm also offers ancillary mortgage, title, insurance, and other services.