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TOLL BROTHERS ANNOUNCES RECORD NEW SALES CONTRACT SIGNINGS AND BACKLOG

 HUNTINGDON VALLEY, Pa., Nov. 4 /PRNewswire/ -- Toll Brothers, Inc. (NYSE: TOL), a builder of luxury homes in the Northeast and Mid-Atlantic regions, today announced record contracts for its fourth quarter and fiscal year ended Oct. 31, 1993, and a new all-time record backlog.
 The aggregate sales value of new contracts signed for this fourth quarter increased by 52 percent to approximately $146 million (458 homes) compared to $95.7 million (333 homes) for the fourth quarter of 1992. This marks the 11th consecutive quarter-to-quarter record for contracts signed.
 The aggregate value of contracts signed during fiscal 1993 increased by 43 percent to approximately $491 million (1,595 homes), surpassing the record 1992 amount of $343 million (1,202 homes).
 The company's backlog at October 31, 1993 reached a record sales value of approximately $285 million (892 homes), eclipsing the previous all-time high of $283 million achieved at the end of the previous quarter.
 Robert I. Toll, chairman and chief executive officer, stated, "We think that the tremendous pent-up demand in the move-up housing market has just begun to impact the industry. We expect that if the economy continues to improve, Toll Brothers will have a very good 1994."
 /delval/
 -0- 11/4/93
 /CONTACT: Joseph R. Sicree, director of investor relations, of Toll Brothers, 215-938-8045/
 (TOL)


CO: Toll Brothers, Inc. ST: Pennsylvania IN: CST SU:

MP -- PH031 -- 0835 11/04/93 14:54 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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