In mid-July, Raymond James analyst Buck Horne told Forbes it would be prudent for investors to take some profits in the best-performing names in the space, but also said Toll is part of a basket of higher-end builders that are better positioned to withstand any hiccups in the housing recovery.

FORBES: Toll Brothers' Big Quarter Helps Housing Stocks Stay Hot

It will become harder for golf course builders to deduct for easements on fairways and for developers to deduct for easements on green-space buffers between McMansions.

FORBES: On The Cover/Top Stories