Pretax profit rose to $71.2M from $8.3M a year earlier, boosted by $23.5M from the sale of two shopping centers in which Toll held 50% and $6.3M from land sales.
Units delivered +24% to 928.
Average home price increased to $694,000 from $569,000.
Cancellation rate 7% vs 6.2%.
Net signed contracts -6% to 916 units, hurt by the severe winter.
Backlog +45% to $2.69B, or +31% to 3,667 units.
Toll is optimistic about the Spring selling season, "based on solid affordability, attractive interest rates, growing pent-up demand and an industry still under-producing."