Toll Brothers CEO Doug Yearley on Where Americans Are Moving During the Pandemic
Toll Brothers CEO Doug Yearley says buyers are leaving California and flocking to cities like Reno, Nev., and Boise, Idaho, as well as relocating to warm-weather states like Texas and Florida.
We have a big presence in coastal California. Orange County, L.A. County and up around San Francisco?that?s still doing well. But there are a lot of Californians that are moving to Reno, Nev.; Las Vegas; Phoenix; Austin, Texas; Boise, Idaho; Salt Lake City; Denver. Our salespeople in Florida, they?re beginning to see Californians in Florida. They love coastal living, they?re just switching coasts. The cost of living of California is absolutely driving people to those markets I mentioned.
https://time.com/5926746/toll-brothers-doug-yearly-moving-covid-19/
Toll Brothers CEO Doug Yearley says buyers are leaving California and flocking to cities like Reno, Nev., and Boise, Idaho, as well as relocating to warm-weather states like Texas and Florida.
We have a big presence in coastal California. Orange County, L.A. County and up around San Francisco?that?s still doing well. But there are a lot of Californians that are moving to Reno, Nev.; Las Vegas; Phoenix; Austin, Texas; Boise, Idaho; Salt Lake City; Denver. Our salespeople in Florida, they?re beginning to see Californians in Florida. They love coastal living, they?re just switching coasts. The cost of living of California is absolutely driving people to those markets I mentioned.
https://time.com/5926746/toll-brothers-doug-yearly-moving-covid-19/