Toll Brothers CEO: Most of Growth Is West of Mississippi

The transcript discusses the challenges of land scarcity in the Northeast, particularly in New York City, and the strategic growth of a real estate company west of the Mississippi. It highlights the difficulties in acquiring land, the importance of creative land buying, and the impact of market conditions on operations. The labor market is recovering, with cost management being a key focus. Project timelines are influenced by permitting and land development, but labor is no longer a major issue.

Discuss the impact of inventory levels on the housing market as mentioned in the text.

What are the implications of the construction workforce not returning to pre-recession levels?