— Jeff Ward, Lehigh Valley News Briefs
The cost of housing is up in the Lehigh Valley, to be sure, but it’s still a bargain compared to some areas.
Consider Toll Brothers’ development in Collegeville, about a 50-mile drive south.
Chesterfield Landing, as it will be called, will place 55 homes on about 57 acres total on MacCormack Way in the Montgomery County town.
The starting price is $1.1 million. There are lots of million-dollar homes in the Lehigh Valley, but that price has not become a standard. Not yet.
No doubt homes at the “Landing” will be nice and big. They will start at 3,520 square feet and with options, go to more than 4,600 square feet. The price will go up too.
So things may seem bad here, but they are more costly particularly closer to Philadephia and New York City.
Shares of Toll Brothers (NYSE:TOL) were trading at $153.00 at 12:21 p.m. Thursday. At that price, the home builder has a market capitalization of $15.5 billion.
Lehigh Valley News Briefs 
Most new housing in the Lehigh Valley is starting at $450,000 and up so I DO NOT think housing is affordable in the Lehigh Valley. Even houses that are dumps are selling for more than 350,000 so there is NO affordable housing in the Lehigh Valley
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