Toll Brothers, Inc. designs, builds, markets, sells, and arranges financing for detached and attached homes in luxury residential communities across the United States. It also offers condominiums through Toll Brothers City Living and develops single-story and first-floor primary bedroom suite home designs, as well as communities with amenities such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers. The company develops, operates, and rents apartments and student housing communities, and provides interior fit-out options including flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. It also owns and operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and component manufacturing operations. It serves luxury first-time, move-up, empty-nester, active-adult, and second-home buyers. Founded in 1967, the company is headquartered in Fort Washington, Pennsylvania.
Toll Brothers: solid luxury demand and buybacks offset falling profit
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Housing-supply law passed Congress passed the 21st Century ROAD to Housing Act, cutting building red tape and blocking big investors from buying more existing homes. That pushes buyers toward new builds and lowers costs for Toll Brothers over years, lifting the stock.
A new law that directly boosts future demand and lowers costs for TOL.
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Q3 profit fell but beat guidance Toll Brothers' quarterly profit dropped to $280 million from $370 million a year ago as revenue slipped. Still, results beat the company's own guidance, contracts rose 5%, and full-year targets were kept, so the stock held up.
The latest earnings are the core new fact driving how investors value TOL.
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Bigger buyback and analyst targets up Toll Brothers raised its planned share buybacks for the year to $700 million from $650 million. Analysts at UBS and Citi lifted price targets to $195 and $179, both keeping Buy ratings, signaling confidence in the luxury builder.
Shows management and analysts putting more money and confidence behind the stock.
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Margin and land-cost worries linger About a quarter of buyers pay cash, cushioning high mortgage rates, but the company still faces shrinking profit margins and rising land write-offs. Those pressures could cap how much the stock gains even as sales hold up.
Gives the fair counterweight: real risks that could pull TOL's price down.
Q3 2026
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Toll Brothers: solid luxury demand and buybacks offset falling profit
▲
Housing-supply law passed Congress passed the 21st Century ROAD to Housing Act, cutting building red tape and blocking big investors from buying more existing homes. That pushes buyers toward new builds and lowers costs for Toll Brothers over years, lifting the stock.
A new law that directly boosts future demand and lowers costs for TOL.
◆
Q3 profit fell but beat guidance Toll Brothers' quarterly profit dropped to $280 million from $370 million a year ago as revenue slipped. Still, results beat the company's own guidance, contracts rose 5%, and full-year targets were kept, so the stock held up.
The latest earnings are the core new fact driving how investors value TOL.
▲
Bigger buyback and analyst targets up Toll Brothers raised its planned share buybacks for the year to $700 million from $650 million. Analysts at UBS and Citi lifted price targets to $195 and $179, both keeping Buy ratings, signaling confidence in the luxury builder.
Shows management and analysts putting more money and confidence behind the stock.
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Margin and land-cost worries linger About a quarter of buyers pay cash, cushioning high mortgage rates, but the company still faces shrinking profit margins and rising land write-offs. Those pressures could cap how much the stock gains even as sales hold up.
Gives the fair counterweight: real risks that could pull TOL's price down.
News & notes movingTOL
United States
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Cramer Says Housing Slump Hits QXO Harder Than Toll Brothers
Jim Cramer said the housing slowdown is weighing more heavily on QXO than on Toll Brothers, pointing to weaker demand for building products at QXO versus Toll Brothers' smaller reliance on mortgage financing. On Mad Money, Cramer described QXO as an amalgamation of Beacon Roofing Supply, Kodiak Building Partners and TopBuild, and noted the company reported $3.25 billion in second-quarter revenue, including $595 million from Kodiak, with a net loss of $55 million and adjusted EBITDA of $272 million at an 8.4% margin, down from 10.7% a year earlier. QXO also recorded a $42 million operating loss and $38 million in net interest expense in the second quarter, while long-term debt rose to $6.03 billion by June 30 from $3.06 billion at the end of 2025. Toll Brothers, by contrast, saw third-quarter home sales revenue fall about 8% year-over-year to $2.65 billion, deliveries decline 10% to 2,662 homes, and net income drop 24% to $280.1 million, with adjusted home sales gross margin contracting 190 basis points to 25.6%. Cramer noted that about 25% of Toll Brothers buyers pay cash, adding that Toll is the rich man's home builder so its customers have less sensitivity to mortgage rates.
QXO · Demand · Negative Cramer says the housing slowdown is hitting QXO harder via weaker demand for its building products, alongside its Q2 net loss and margin contraction.
TOL · Demand · Negative Toll Brothers' Q3 home sales revenue fell ~8% and deliveries dropped 10% as housing demand weakened.
Mortgage Rates Hit 7.45%, Highest in Three Years, Threatening Home Improvement Stocks
The average interest rate on a 30-year mortgage has climbed to 7.45%, its highest level in three years, a surge driven by rising 10-year Treasury yields that could soon weigh on home improvement stocks. At that rate, the monthly payment on a $500,000 mortgage reaches $3,479, up from $2,995 just seven months ago, adding $5,813 a year in mortgage interest expense for home buyers. Yahoo Finance Executive Editor Brian Sozzi flagged the move as a major economic problem that is not getting enough attention, noting it carries implications not only for home builder stocks like Toll Brothers but also for companies such as Home Depot and Lowe's, since buyers facing sharply higher payments will have less money for kitchen remodels or outdoor living spaces. Sozzi credited BlackRock's Rick Rieder, who appeared on Sozzi Unleashed on Thursday, with describing the US housing market as frozen. Sozzi said he plans to say more on housing in the coming weeks, calling it a real drag on the US economy.
HD · Demand · Negative Higher mortgage payments leave buyers with less money for kitchen remodels and outdoor living, weighing on Home Depot's end demand.
LOW · Demand · Negative Sharply higher mortgage costs reduce discretionary spending on home improvement projects, hurting Lowe's end demand.
TOL · Demand · Negative Mortgage rates at a three-year high of 7.45% threaten home builder demand, with Toll Brothers explicitly cited as affected.
Toll Brothers Reports Lower Profit but Stronger Contract Signings
Toll Brothers posted fiscal third-quarter earnings that showed a split housing market: net income fell to $280.1 million, or $2.97 per diluted share, from $369.6 million and $3.73 a year earlier, while net signed contracts rose to $2.52 billion from $2.41 billion. The company signed contracts for 2,508 homes, up from 2,388, and grew its community count to 471 from 420, with management expecting an 8% to 10% rise for the full fiscal year and similar growth in fiscal 2027. Deliveries shrank to 2,662 homes worth $2.65 billion from 2,959 homes and $2.88 billion, and backlog fell to $6.24 billion and 5,312 homes from $6.38 billion and 5,492 homes. Home sales gross margin compressed to 23.9% from 25.6%, and adjusted gross margin slipped to 25.6% from 27.5%, while SG&A costs rose to 10.0% of home sales revenue from 8.8%. The company repurchased 1.4 million shares at an average price of $148.63, spending $206.8 million, and raised its planned fiscal 2026 buyback to $700 million from $650 million. Full-year guidance held at roughly $10.5 billion in home sales revenue and a 26.1% adjusted gross margin.
Toll Brothers reported fiscal third-quarter 2026 results that beat Wall Street expectations, with earnings per diluted share of $2.97 versus the consensus estimate of $2.93. Home sales revenues reached $2.65 billion from 2,662 deliveries, and net income totaled $280.1 million, while adjusted home sales gross margin hit 25.6%, exceeding guidance by 35 basis points. Net signed contracts rose 5% year-over-year to 2,508 homes valued at $2.52 billion, and the company raised its full-year share repurchase target to $700 million. Analysts responded positively, with UBS raising its price target to $195 and Citi to $179, both maintaining Buy ratings. The company faces a debate on whether its affluent, cash-heavy customer base can withstand high mortgage rates, with about 25% of buyers paying cash, but also faces risks from margin compression and rising land write-offs. Investors should watch community expansion targets of 480–490 by year-end and Q4 delivery guidance of 3,450–3,550 units.
Toll Brothers Boosts EPS via Buybacks as Profits Decline
Toll Brothers has increased its earnings per share over the past three years despite falling net income, driven by aggressive share buybacks. The luxury homebuilder has retired about 5.1% of its shares annually on average, while net income fell 2.8% per year, resulting in EPS growth of 2.3% annually. The company's average home sells for about $1.35 million, and upgrades and options averaged $207,000 per home in fiscal Q3 2026. Management prioritizes growth, spending roughly $452 million on land acquisition in that quarter, while raising its fiscal 2026 repurchase plan to $700 million from $650 million. With net debt at about 1.1 times EBITDA and a shareholder yield of 5.3%, the stock trades at 10.9 times trailing earnings, but management has not yet called a bottom in the housing market.
Toll Brothers reported second quarter fiscal 2026 results that exceeded Wall Street expectations, with revenue of $2.66 billion and adjusted earnings per share of $2.97, both beating analyst estimates by 1.6%. Revenue fell 9.7% year over year, while operating margin declined to 13.5% from 17.4% a year earlier. The luxury move-up segment accounted for 61% of home sales revenue, and community count rose to 471 from 420 the prior year. Management reiterated its target for 8% to 10% annual community growth and highlighted flat build costs and a disciplined land acquisition strategy, with 58% of lots now optioned.
Moderna and Merck surge on positive cancer vaccine trial results
Moderna and Merck shares surged premarket after their personalized cancer vaccine showed positive results in a late-stage trial. Moderna's stock at one point soared 57%, while Merck's jumped just over 6%. It is unclear when the companies plan to submit applications for approval of the drug in the U.S. Elsewhere, Keysight Technologies rose 2% after beating third-quarter earnings and revenue expectations, while Lowe's fell 2% after updating its full-year outlook to the bottom end of prior guidance. Target declined 1.5% despite better-than-expected revenue and raised guidance, and La-Z-Boy tanked almost 17% after missing earnings and issuing weak current-quarter revenue guidance. Mercury Systems slid more than 9% after its adjusted earnings missed estimates, while Toll Brothers rose just over 1% on better-than-expected results. Estee Lauder rose more than 7% after beating fiscal fourth-quarter estimates, and Analog Devices gained more than 3% after exceeding expectations and reporting a higher gross margin.
Toll Brothers beats Q3 estimates and refines full-year guidance
Toll Brothers reported fiscal third quarter earnings and revenue that exceeded Wall Street consensus estimates and refined its full-year guidance. The homebuilder posted GAAP EPS of $2.97, beating the average analyst estimate of $2.94 but down from $3.73 a year earlier, while revenue of $2.66 billion topped the $2.62 billion consensus but fell from $2.95 billion in the prior-year quarter. The company now expects full-year 2026 deliveries of 10,500 to 10,600 homes, narrowing its prior guidance of 10,400 to 10,700, and narrowed its price per home outlook to $995,000 to $1.00 million from $985,000 to $1.00 million. Toll Brothers reaffirmed its full-year adjusted home sales gross margin guidance of 26.1 percent, and for the fiscal fourth quarter it expects to deliver 3,450 to 3,550 homes with an adjusted home sales gross margin of 26.0 percent. The average per-home price in the third quarter rose to $996,400 from $973,600 a year ago, while homes delivered dropped to 2,662 from 2,959 and backlog value fell to $6.24 billion from $6.38 billion.
Toll Brothers, Keysight, La-Z-Boy lead after-hours movers
Several companies made notable moves in after-hours trading following their latest earnings reports. Toll Brothers dipped 0.3% after guiding fourth quarter deliveries to between 3,450 and 3,550 homes, versus the StreetAccount consensus of 3,508, while reporting third quarter earnings of $2.97 per share on revenue of $2.65 billion, beating LSEG estimates of $2.93 and $2.61 billion. Keysight Technologies rose 2% after posting adjusted earnings of $3.07 per share on revenue of $1.85 billion, exceeding FactSet expectations of $2.48 and $1.75 billion. La-Z-Boy tumbled 17% as first quarter adjusted earnings fell 9% to 43 cents per share and adjusted operating income dropped 20% to $18.7 million, with current quarter revenue guidance of $500 million to $520 million missing the FactSet consensus of $536.8 million. Mercury Systems slid more than 10% after projecting fiscal 2027 revenue of about $1.1 billion, above the $1.05 billion FactSet estimate, but fourth quarter adjusted earnings of 37 cents missed by one cent. Jack Henry & Associates gained 3% after reporting fourth quarter earnings of $1.57 per share on revenue of $644 million, topping FactSet forecasts of $1.47 and $631.6 million.
Toll Brothers to webcast third quarter 2026 earnings call on August 19
Toll Brothers will host a live webcast of its third quarter 2026 earnings conference call on Wednesday, August 19, 2026, at 8:30 a.m. Eastern Time. The call, led by Executive Chairman Douglas C. Yearley, Jr. and CEO Karl K. Mistry, will discuss results for the quarter ending July 31, 2026. The company plans to release its third quarter fiscal 2026 results after the market close on Tuesday, August 18, 2026. Investors can access the webcast through the Investor Relations section of the Toll Brothers website.
TOL · Capital · Neutral The article announces an upcoming earnings call and results release, which is a routine financial event with no indication of positive or negative content.
Toll Brothers Opens Luxury 55-Plus Community in Exton, Pennsylvania
Toll Brothers announced its newest luxury 55-plus community, Regency at Valley Creek, is now open in Exton, Pennsylvania. The master-planned community features 317 homes across three collections of townhome and single-family designs with first-floor primary bedroom suites, set on approximately 100 acres bordered by more than 700 acres of preserved open space. Townhome designs in the Carriages and Villa collections range from approximately 2,200 to over 2,500 square feet with pricing starting from the low $700,000s, while single-family homes in the Estates collection range from approximately 2,800 to over 3,000 square feet and are priced from $1 million. Amenities include a private clubhouse with a fitness center, pool, pickleball and bocce courts, fire pit, and event lawn, along with lawn care and snow removal for a low-maintenance lifestyle. The community is located near shopping and dining in Exton, West Chester, Malvern, and King of Prussia, with easy access to Routes 202, 30, and Interstate 76.
Toll Brothers Opens Oakvale at Yardley Luxury Home Community in Pennsylvania
Toll Brothers has opened Oakvale at Yardley, a new luxury home community in Bucks County, Pennsylvania. The community offers 47 single-family homes on half-acre sites, with floor plans ranging from 3,677 to over 5,210 square feet and pricing starting at $1.59 million. Homes include 4 to 5 bedrooms, 3 to 6 bathrooms, and 2- to 4-car garages, with options for two-story great rooms and first-floor bedroom suites. Located near major commuter routes, the community provides access to Princeton, Philadelphia, and New York City, and is served by the Pennsbury School District. Sales are now open from the nearby Lyondale Meadows community at 6 Augusta Drive in Newtown.
Toll Brothers Fair Value Estimated at $164.80, Seen as 9.3% Undervalued
Toll Brothers is considered modestly undervalued with a fair value estimate of $164.80, according to a Simply Wall St narrative, compared to its last close of $149.49. The homebuilder has been launching new luxury communities across multiple states, including Mountain View Estates in Thousand Oaks and Saddlecrest at Windermere in Florida, with projected community count growth of 8 to 10 percent year over year. The stock has returned 10.26 percent year to date and 24.69 percent over the past year, though recent momentum has eased slightly. The valuation is supported by luxury-focused revenue growth assumptions and firm profit margins, but risks include a higher share of speculative builds and rising incentives that could pressure margins if demand weakens.
Toll Brothers Announces New Phase of Home Sites Coming to Saddlecrest at Windermere in Fall 2026
Toll Brothers announced that Saddlecrest at Windermere, a luxury home community in Windermere, Florida, will open a new phase of home sites in fall 2026. The community, located on the banks of Lake Roberts, will offer single-family homes on half-acre sites, including waterfront properties with opportunities for private docks. Homes will feature 5 to 7 bedrooms, 4.5 to 7.5 bathrooms, and 3- to 5-car garages, with prices starting from $2.3 million. The new phase is part of the broader Saddlecrest at Windermere development, which provides convenient access to top-rated Orange County Public Schools, shopping, dining, and entertainment options.
TOL · Supply · Positive Toll Brothers is expanding its luxury home community with a new phase of home sites, increasing its inventory of homes for sale.
Stifel upgrades Shopify to Buy, Citi downgrades PepsiCo to Neutral
Stifel upgraded Shopify to Buy from Hold with a price target of $150, up from $110, citing the company's share-gaining playbook in e-commerce and leadership in agentic commerce. Citi downgraded PepsiCo to Neutral from Buy with a price target of $145, down from $170, due to continued weakness in North America despite strategic actions. Among other notable calls, Wells Fargo upgraded Seagate to Overweight, Stifel upgraded Twilio to Buy, and Citi upgraded Toll Brothers to Buy, while Evercore ISI downgraded Travelers to In Line, Barclays downgraded Public Storage to Equal Weight, and Citi downgraded both Lamar Advertising and Ryder to Neutral. New initiations included Susquehanna starting IBM at Neutral, Truist starting Travelers at Buy, BTIG starting Equinix and Digital Realty at Buy, JPMorgan starting Honeywell Aerospace at Neutral, and BMO Capital starting Roper Technologies at Market Perform.
Citi upgrades Toll Brothers to Buy, sees outperformance in K-shaped housing recovery
Citi upgraded Toll Brothers to Buy from Neutral, citing the luxury homebuilder's position as the only pure-play public luxury homebuilder poised to benefit from a K-shaped housing recovery. Analyst Anthony Pettinari raised the price target to $176 from $146, expecting Toll Brothers to outperform as affluent buyers face fewer affordability pressures. Redfin data showed luxury home prices rose nearly five times faster than non-luxury homes in the three months through May 2026. Pettinari also expects homebuilders to guide to stabilizing gross margins in the second half of 2026 after more than three years of compression. Toll Brothers stock rose 2% in premarket trading following the upgrade.
Toll Brothers Opens New Collections of Luxury Homes within Established Community in Berthoud, Colorado
Toll Brothers announced two new collections are now open in Toll Brothers at Heron Lakes, an established luxury home community in Berthoud, Colorado. The Vista Collection features home designs ranging from 1,960 to 2,929+ square feet with 2 to 4 bedrooms and 2 to 3 bathrooms, priced from the upper $700,000s. The Summit Collection offers home designs ranging from 2,586 to 4,006+ square feet with 3 to 5 bedrooms and 2.5 to 5.5 bathrooms, priced from the upper $900,000s. The community is set within an amenity-rich master plan that includes the TPC Colorado golf course and offers resort-style amenities such as a clubhouse, outdoor pool, fitness center, and access to reservoirs and trails.
StockStory Names Werner, Proto Labs, and Toll Brothers as Overrated Industrials
StockStory identified Werner, Proto Labs, and Toll Brothers as three overrated industrial stocks trading near their 52-week highs. Werner faces a 2.3% annual revenue decline over two years and a 44.6% annual drop in earnings per share over five years, with a forward P/E of 37.4. Proto Labs posted 3.9% annual revenue growth over two years, slower than peers, and falling earnings per share over five years, trading at a forward P/E of 40.6. Toll Brothers saw a 9.1% average backlog decline over two years and a 5.7% annual contraction in earnings per share, with a forward P/E of 12.6.
Toll Brothers Announces New Home Sites in Regency at Santa Rita Ranch 55+ Community Near Austin
Toll Brothers has announced the release of new home sites in the Meadow and Orchard Collections at Regency at Santa Rita Ranch, a 55+ community in Liberty Hill, Texas. The new phase offers single-family home designs ranging from 1,599 to over 3,568 square feet, with prices starting in the mid-$300,000s. The community features resort-style amenities including nine pickleball courts, bocce courts, a luxury clubhouse, a fitness center, and walking trails, plus access to the award-winning Santa Rita Ranch master plan amenities. Located less than 35 miles from downtown Austin, the community provides convenient access to entertainment, dining, and outdoor recreation. Toll Brothers is the nation's leading builder of luxury homes and a Fortune 500 company.
Toll Brothers Q1 Earnings: Analysts Recommend Avoiding the Stock
Analysts at StockStory recommend avoiding Toll Brothers following its first-quarter earnings, citing a declining backlog, projected revenue drop, and shrinking earnings per share. The homebuilder's backlog fell to $6.32 billion, averaging a 9.1% year-on-year decline over the past two years, signaling weakening demand. Wall Street forecasts a 2.9% revenue decline over the next 12 months, a sharp reversal from 7.5% annualized growth over the past five years. Earnings per share also contracted by 5.7% annually over the last two years, even as revenue grew 2.6%, indicating deteriorating profitability. While the stock trades at a reasonable 12.6 times forward earnings, the analysts see no compelling opportunity and suggest looking elsewhere.
Toll Brothers Stock Trends on Zacks Amid Mixed Earnings Revisions
Toll Brothers has been one of the most searched-for stocks on Zacks.com recently, with shares returning 19.2% over the past month compared to the S&P 500's 2.9% decline. The Zacks Building Products - Home Builders industry gained 12% in the same period. The current-quarter consensus earnings estimate is $2.90 per share, down 22.3% year-over-year and 5.1% over the last 30 days, while the fiscal-year estimate of $12.69 is unchanged over the past month and points to a 5.9% decline. The next fiscal year's estimate of $14.13 indicates 11.3% growth but has edged down 0.4% over the past month, resulting in a Zacks Rank #3, or Hold, for the stock. Revenue estimates stand at $2.6 billion for the current quarter, a year-over-year drop of 11.8%, with full-year forecasts of $10.7 billion and $11.12 billion for the current and next fiscal years, respectively. Toll Brothers last reported revenues of $2.53 billion, beating the consensus by 5.07%, and earnings per share of $2.72, a 5.43% surprise, and has topped revenue estimates in each of the last four quarters. The stock receives a Value Style Score of B, suggesting it trades at a discount to peers.
Toll Brothers Launches Luxury Home Communities Across Nine States
Toll Brothers has announced the launch of several new luxury home communities and product expansions across nine states, including California, Arizona, Virginia, Georgia, New Jersey, Maryland, Pennsylvania, Nevada, and Texas. The new projects emphasize upscale offerings, premium amenities, and expanded personalization through the Toll Brothers Design Studio. The company's stock is trading at $164.14, up 5.4% over the past week, 18.5% over the past month, and 21.1% year to date. Over longer periods, Toll Brothers has recorded gains of 44.7% over one year, 112.9% over three years, and 197.5% over five years. The breadth of locations and price points provides a reference for how Toll Brothers is positioning itself within the luxury housing segment across several regions.
StockStory flags Veralto, Toll Brothers, and Labcorp as mid-cap stocks to avoid
StockStory highlights three mid-cap stocks it recommends investors avoid: Veralto, Toll Brothers, and Labcorp. Veralto, a water analytics firm spun off from Danaher, posted annual revenue growth of just 4.4% over four years and faces shaky demand with projected sales growth of 6.5%. Toll Brothers, the luxury homebuilder, saw its backlog decline by an average of 9.1% over two years and expects a 2.9% sales drop, while earnings per share contracted 5.7% annually. Labcorp, the laboratory services giant, experienced a 1.6% annual sales decline over five years and an 11.1% annual drop in earnings per share, with organic revenue underperforming.
LH · Demand · Negative Labcorp experienced a 1.6% annual sales decline over five years and an 11.1% annual drop in earnings per share, with organic revenue underperforming
TOL · Demand · Negative Toll Brothers saw its backlog decline by an average of 9.1% over two years and expects a 2.9% sales drop
VLTO · Demand · Negative Veralto posted annual revenue growth of just 4.4% over four years and faces shaky demand with projected sales growth of 6.5%
Toll Brothers Announces New Luxury Home Community Coming Soon to Peoria, Arizona
Toll Brothers announced its newest luxury home community, Toll Brothers at Saddleback, is coming soon to Peoria, Arizona. Located within the Saddleback master plan, this gated community will offer two collections of single-story homes with sales anticipated to open in late 2026 and prices starting from the low $800,000s. Home designs range from 2,493 to over 3,500 square feet, featuring open-concept floor plans, indoor-outdoor living options, and garages for up to four cars. Residents will have access to the master plan’s future amenity center, Basecamp, which includes a resort-style pool, clubhouse, pickleball courts, and trails. The community is situated in the Peoria Unified School District near Lake Pleasant and commuter routes.
Toll Brothers Opens Vinova Luxury Home Community in Rancho Cucamonga
Toll Brothers announced the opening of Vinova, a new luxury home community in Rancho Cucamonga, California. The community features the Highlands and Overlook Collections with floor plans ranging from approximately 3,463 to over 5,000 square feet, offering 4 to 5 bedrooms, 3.5 to 5.5 baths, and 2- to 3-car garages, with pricing starting from $1.75 million. Home shoppers can take advantage of pre-model pricing and personalize their homes at the Toll Brothers Design Studio. Vinova includes resort-style amenities such as pickleball courts, walking trails, a two-acre community park, playgrounds, and picnic areas, and is located near Victoria Gardens and major transit routes.
Toll Brothers and Installed Building Products shares soar after Congress passes housing-supply bill
Shares of Toll Brothers and Installed Building Products jumped over 6% after both chambers of Congress passed the bipartisan 21st Century ROAD to Housing Act, the most significant federal housing-supply legislation since 1990. The bill aims to boost supply by cutting red tape, streamlining environmental reviews, modernizing manufactured-housing rules, and barring institutional owners of 350-plus single-family homes from buying more existing homes. Earlier, President Trump canceled the Capitol signing, saying it was off until Congress passes the SAVE Act, but builders rallied regardless. The legislation is seen as a multi-year volume driver for builders, lowering construction costs and friction, while the 350-home cap nudges demand toward new construction. Peer KB Home also reported a revenue beat, with Q2 revenue of $1.11 billion exceeding the $1.10 billion consensus, and the 10-year Treasury yield dropped below 4.5%, improving affordability and validating the thesis that the structural shortage of existing homes will continue to drive buyers to new builds.
IBP · Regulation · Positive The bill cuts red tape and streamlines environmental reviews, lowering construction costs and friction for homebuilders like Installed Building Products.
TOL · Regulation · Positive The bill boosts housing supply by cutting red tape and streamlining approvals, a multi-year volume driver for builders like Toll Brothers.
KBH · Capital · Positive KB Home reported Q2 revenue beat of $1.11B vs $1.10B consensus, a positive earnings surprise.
KBH · Monetary · Positive 10-year Treasury yield dropped below 4.5%, improving affordability and supporting demand for new homes.
Housing stocks in focus as affordable housing bill advances to Trump’s desk
Housing stocks are drawing attention after a U.S. housing bill advanced to President Donald Trump’s desk, aiming to boost supply, ease regulations, and limit institutional ownership of single-family homes. A quant check on related names shows LGI Homes with a rating of 3.10, D.R. Horton at 3.2, Toll Brothers at 3.03, Beazer Homes USA at 2.95, TopBuild at 2.82, PulteGroup at 2.74, Lennar at 2.11, KB Home at 2.0, NVR at 1.66, Builders FirstSource at 1.46, and Installed Building Products at 1.36.
Jim Cramer calls KB Home a well-run home builder that tells it like it is
Jim Cramer described KB Home as a well-run home builder that tells it like it is, during a discussion where he said Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Cramer stated he is acutely focused on housing because it punches above its weight in the economy, and he plans to listen to KB Home's conference call, hoping for references to the Federal Reserve. He noted the housing industry feels dead in the water due to insufficient supply and new homes, adding that high interest rates discourage builders, with Toll Brothers being an exception because about a quarter of its homes are bought with cash.
KBH · Monetary · Positive Cramer suggests Iran peace could lower rates, benefiting homebuilders; he plans to listen to KB Home's call for Fed references.
TOL · Monetary · Neutral Mentioned as an exception because many buyers use cash, implying less sensitivity to rates, but no direct impact from news.
Toll Brothers announces new luxury home community Kennemore coming to Alpharetta, Georgia
Toll Brothers announced its newest community, Kennemore, is coming soon to Alpharetta, Georgia. The community will feature two collections of single-family homes on estate-sized home sites, with pricing anticipated from approximately $1 million and sales scheduled to open in fall 2026. Home designs will range from 3,600 to over 5,000 square feet, and future private amenities will include a resort-style clubhouse, pool, playground, tennis and pickleball courts, and walking trails. Kennemore is located in Forsyth County, served by the highly rated Forsyth County School District, and is within walking distance of Denmark High School.
Toll Brothers announces new gated luxury home community Hidden Vista in Palm Desert
Toll Brothers announced its newest Southern California luxury home community, Hidden Vista, is coming soon to Palm Desert, California. This exclusive gated community will feature single-story home designs with modern open floor plans, private pools, and options including golf cart garages, with homes ranging up to 2,700 square feet and offering 3 to 4 bedrooms and 3 to 4 baths. Situated along the Marriott Shadow Ridge Golf Club with mountain and golf course views, Hidden Vista is anticipated to open for sale in fall 2026. Brad Hare, Group President of Toll Brothers in Southern California, said the community blends quality craftsmanship with the natural beauty of the area and provides convenient access to upscale dining, shopping, and entertainment in Palm Desert.
Toll Brothers raises 2026 guidance on resilient luxury demand, shares up 5.7%
Toll Brothers raised its full-year 2026 guidance for deliveries and pricing after reporting fiscal second-quarter results that beat earnings and revenue expectations, sending its shares up 5.7%. The homebuilder cited steady demand reflected in higher average home delivery prices and net signed contracts, supported by an active pipeline of new luxury communities in key U.S. markets. The company projects $12.6 billion in revenue and $1.5 billion in earnings by 2029, requiring 3.9% annual revenue growth. Some analysts had already forecast about $13.4 billion in revenue and $1.5 billion in earnings, assuming luxury pricing resilience. Toll Brothers continues to lean on affluent buyers and product diversification to navigate a challenging housing backdrop, though risks remain from rising incentives, margin compression, and elevated spec inventory.
Toll Brothers unveils new luxury communities across key US housing markets
Toll Brothers has announced a series of new luxury communities across the United States. Recent projects include Kings Valley View in Germantown, Maryland, Heardmont Farms in Georgia, and Magnolia Square at Princeton, New Jersey. The company is also moving forward with 3131 Camino in Santa Clara, California, The Loughton in Las Vegas, Nevada, and 280 North at Doylestown, Pennsylvania. These launches point to an active development pipeline focused on affluent buyers in regions from the Mid-Atlantic to the West Coast.
Toll Brothers Announces New Luxury Townhome Community Coming to Doylestown, Pennsylvania
Toll Brothers announced its newest community, 280 North at Doylestown, is coming soon to Doylestown, Pennsylvania. The intimate enclave will consist of 18 luxury townhomes with four-story designs, elevators, rooftop terraces, and two-car garages, starting from the upper $900,000s. Located at 1 Dutch Lane and walkable to downtown Doylestown, the community is anticipated to open for sale in fall 2026. It is adjacent to Broad Commons Park and a public dog park, with easy access to major commuter routes and the Central Bucks School District.
Toll Brothers Opens Kings Valley View Luxury Home Community in Germantown, Maryland
Toll Brothers has opened its newest luxury home community, Kings Valley View, in Germantown, Maryland. The community offers two collections of single-family homes with flexible floor plans, including options for finished basements and multigenerational living suites, with prices starting at $1 million. Located on a hilltop near Kings Valley Road and Glade Valley Terrace, the community provides scenic views and convenient access to Interstate 270, Interstate 495, and MARC train stations for commuting to Washington, D.C. Home buyers can personalize their homes at the Toll Brothers Design Studio with professional design consultants. The community is assigned to Montgomery County Public Schools.
Toll Brothers declares quarterly dividend of $0.26 per share
Toll Brothers declared a quarterly dividend of $0.26 per share, in line with the previous payout. The dividend is payable on July 24 to shareholders of record as of July 10, with the ex-dividend date also set for July 10. The forward yield is 0.69%. This marks the second consecutive quarter that the company has announced a dividend of $0.26.
Toll Brothers Opens Magnolia Square at Princeton, a 24-Home Luxury Townhome Community
Toll Brothers announced that Magnolia Square at Princeton, an intimate community of 24 luxury townhomes in Princeton, New Jersey, is now open for sale. Homes are priced from $1.47 million and feature modern, open-concept designs up to 2,500 square feet with 3 bedrooms, 2.5 bathrooms, loft spaces leading to private rooftop terraces, and two-car garages. The community offers walkable access to the Princeton Shopping Center and Grover Park, is within the Princeton Public Schools district, and provides easy access to Princeton Station and Princeton Junction Station for commutes to New York and Philadelphia. Low-maintenance living includes lawn care and snow removal, and each home is equipped with advanced geothermal heating and cooling systems.
Toll Brothers Opens Model Homes at The Loughton in Las Vegas
Toll Brothers has opened two new model homes at The Loughton, a gated luxury condominium community in the Summerlin area of Las Vegas. The two-level detached condo homes range up to 1,370 square feet with 1 to 2 bedrooms, 1 to 2.5 bathrooms, and attached or detached 1- to 2-car garages, with pricing starting from the mid-$400,000s. The community offers amenities including a private pool, barbecue area, putting green, and fire pit, and is within walking distance of downtown Summerlin. Janet Love, Division President of Toll Brothers in Las Vegas, said the models showcase the builder's thoughtful design and luxurious finishes.
TOL · Demand · Positive Toll Brothers opens new model homes at The Loughton community, showcasing its luxury condos and driving potential buyer interest.
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