Toll Brothers (NYSE: TOL)

Toll Brothers operates in almost half of the US states and is concentrated on the coasts and in the more heavily populated regions. It also develops both urban high-rise and suburban low-rise apartments. Some of these are sold as condos but it retains some buildings and has grown a large rental apartment business. However, it recently announced that it has sold half of its rental building portfolio and intends to sell the remainder and is exiting the multi-family development business.