--- title: "Toll Brothers History and Timeline | Building a Legacy" description: "Explore the history of Toll Brothers from its founding in 1967 through today." canonical_url: "https://www.tollbrothers.com/about/timeline" generated_at: 2026-10-15T18:00:07.839Z --- # Toll Brothers History Source: https://www.tollbrothers.com/about/timeline ## 1967 — Our Story Begins Toll Brothers is founded by brothers Bob and Bruce Toll in southeastern Pennsylvania. Following in the footsteps of their father, a home builder, the brothers build their first two homes. ## 1975 Breaks ground on Yardley Hunt, its first large master-planned community concept designed for commuter residents, following the completion of the newly connected I-95 corridor to New York City. ## 1982 — Makes first move out of Pennsylvania Enters neighboring New Jersey. ## 1984 1K — Sells 1,000th home. ## 1986 — NYSE: TOL Becomes a public company and is listed on the New York Stock Exchange (NYSE: TOL) with revenues of $124.6 million from 15 communities. ## 1987 Enters Delaware Launches in-house marketing firm, Toll Architecture and Eastern States Engineering (ESE), the engineering, survey, and environmental planning group. Opens first Toll Integrated Systems plant (TIS) in the Philadelphia area to manufacture and supply quality engineered construction components and related services in a factory-controlled environment. ## 1988 Enters Maryland and Massachusetts. Extends into the mortgage industry with Westminster Mortgage, now named Toll Brothers Mortgage Company. Receives first Builder of the Year Award by Professional Builder magazine. ## 1992 Enters Virginia and Connecticut. Opens Westminster Title, a whollyowned full-service title company. ## 1993 10K — Sells 10,000th home. Enters New York. Holds first-ever Toll Brothers Gala fundraiser, initiating a decades-long philanthropic undertaking. ## 1994 Enters California and North Carolina. ## 1995 Enters Texas, Florida, Arizona, Virginia and Connecticut. Incorporates TBI Smart Home Solutions, now named Toll Brothers Smart Home Solutions, providing customers security and home control solutions to suit evolving lifestyles. ## 1996 Makes online debut with TollBrothers.com. ## 1998 Enters Nevada and Illinois. Develops first rental community, Dulles Greene apartment community in Herndon, Virginia. ## 1999 Enters Michigan. Develops first active-adult community, Riviera at Westlake in New Jersey. ## 2001 Enters Colorado. ## 2003 Acquires Hoboken, NJ-based The Manhattan Building Company, spurring the launch of Toll Brothers City Living. ## 2004 Opens first Toll Brothers Design Studio in Florida, offering a showroom environment to view and compare personalization options. ## 2005 Begins sponsorship of the Metropolitan Opera Radio broadcasts. Bob Toll is one of 30 CEOs named to The World's Most Respected CEOs list by Barron's magazine. ## 2006 For the second year in a row, Bob Toll is named one of the top CEOs by Barron's magazine. ## 2008 Naval Square community is recognized by the Preservation Alliance for Greater Philadelphia as a recipient of the 2008 Grand Jury Award for Preservation Achievement. ## 2010 — Douglas C. Yearley, Jr. named CEO Douglas C. Yearley, Jr. is named Chief Executive Officer and Bob Toll takes on the role of Executive Chairman of the Board. ## 2012 Enters Washington. Receives second Builder of the Year Award by Professional Builder magazine. ## 2013 Acquires Shapell Industries, transforming the Toll Brothers footprint with a major expansion into coastal California. Initiates a paid day of service for employees. ## 2014 — 100K Sells 100,000th home. Named Builder of the Year by Builder magazine. ## 2015 Takes the #1 spot as the "World's Most Admired Home Builder" on the FORTUNE magazine World’s Most Admired Companies list and "America's Most Trusted Builder" by Lifestory Research. Breaks ground on Terrapin Row in College Park, Maryland, the first Toll Brothers Campus Living project. Certified as a Great Place to Work® for the first time. ## 2016 Enters Idaho with the acquisition of Coleman Homes. In the FORTUNE magazine 2016 Survey of the "World's Most Admired Companies®," ranked #6 worldwide across all industries in Quality of Products/Services Offered after Apple, Walt Disney, Amazon, Alphabet, and Nordstrom, and before Netflix and Facebook; in the same 2016 survey, again named the "#1 Home Builder Worldwide." Celebrates 30 years as a public company by ringing the bell at the New York Stock Exchange (NYSE). ## 2017 — 50th Celebrates 50th anniversary by ringing the bell at the NYSE. Partners with the Cristo Rey Philadelphia Work-Study Program in the Greater Philadelphia region. Receives the ENERGY STAR Certified Homes Market Leader Award. Completes first S&P Corporate Sustainability Assessment (formerly Dow Jones Sustainability Index). Introduces parental leave policy. ## 2019 Enters Georgia with the acquisition of Sharp Residential and South Carolina with the acquisition of Sabal Homes. Establishes multi-department Sustainability Committee. Completes first Human Rights Equality Index. Establishes three Employee Resource Groups (ERGs): Toll Women's Network, Veterans at Toll, and Toll PRIDE. ## 2020 Enters Tennessee with the acquisition of Thrive Residential. The nonprofit Building Talent Foundation (BTF) is founded by Toll Brothers and other leading residential construction companies in the U.S. Establishes two additional ERGs: BELIEVE (Black Employees Leading Inclusion, Excellence, Vision, and Education) and MOSAIC (Multicultural Organization Supporting an Inclusive Culture). Opens new corporate headquarters in Fort Washington, Pennsylvania with a host of integrated features that promote sustainability priorities. ## 2021 Publishes Inaugural Sustainability Report. ## 2022 — Bob Toll - A Life Fondly Remembered Robert I. Toll, 1940-2022 | Our founder, mentor, and friend, Bob Toll, leaves behind a legacy of visionary leadership, incomparable life lessons, and generous giving. Learn more on our [Bob Toll tribute site](https://bob.tollbrothers.com). The Company marks over 150,000 families now living in a Toll Brothers home. For the first time, Toll Brothers surpasses 10,000 homes delivered in a fiscal year (10,515 homes in fiscal 2022). Expands presence in Texas with the acquisition of Rialto Homes in San Antonio. ## 2023 Named to the Fortune World's Most Admired Companies ™ list for the eighth consecutive year. ## 2024 For the first time, home building revenue exceeds $10B. Chairman and CEO, Douglas C. Yearley, Jr. named one of 25 Top CEOs by Barron’s magazine. Toll Brothers marks 10 years in a row being named to the Fortune World's Most Admired Companies™ list. ## 2025 Establishes additional ERG: ADAPT (Abled and Disabled Allies Partnering Together). Toll Brothers marks 10+ years in a row being named to the Fortune World’s Most Admired Companies™ list. ## 2026 — Karl K. Mistry named CEO Named the #1 Home Builder in Fortune magazine's 2026 survey of the World's Most Admired Companies®, the ninth year the Company has achieved this honor. Karl K. Mistry named Chief Executive Officer and Douglas C. Yearley, Jr. takes on the role of Executive Chairman of the Board. Enters Arkansas with the acquisition of Buffington Homes in the Fayetteville/Bentonville market. Seth J. Ring named President and Chief Operating Officer and joins the Board. Celebrates 40 years as a public company on the New York Stock Exchange (NYSE: TOL).