Welcome to our dedicated page for Toll Brothers news (Ticker: TOL), a resource for investors and traders seeking the latest updates and insights on Toll Brothers stock.
Toll Brothers, Inc. (NYSE: TOL) is a leading national luxury homebuilder shaping residential real estate through innovative communities and premium urban developments. This dedicated news hub provides investors and industry observers with comprehensive updates on corporate milestones, financial disclosures, and strategic initiatives.
Track official announcements including quarterly earnings results, executive leadership updates, partnership agreements, and market expansion plans. Our curated collection features press releases covering new community launches, sustainability initiatives, and operational achievements across Toll Brothers' 24-state footprint.
Discover timely insights into the company's luxury homebuilding operations, multifamily developments through Toll Brothers Apartment Living, and design innovation strategies. Content is organized for efficient navigation of material developments impacting both residential buyers and long-term investors.
Bookmark this page for direct access to verified information about TOL's market positioning, industry recognition, and community development projects. Check regularly for updates reflecting the company's performance in the premium housing sector and broader construction industry trends.
Toll Brothers, Inc. (NYSE:TOL) reported its third quarter results for FY 2022, showcasing a net income of $273.5 million or $2.35 per diluted share, a 16% increase from FY 2021. Pre-tax income rose to $366.0 million, while home sales revenues hit $2.3 billion, up 1%. However, signed contracts saw a significant decline of 44%, totaling $1.7 billion. Despite these challenges, the backlog value stood at $11.2 billion, up 19%. The company lowered its delivery guidance for the year amid rising mortgage rates and a softer demand environment, though it anticipates continued gross margin expansion.
Toll Brothers has announced the opening of its luxury community, Twin Oaks, in San Ramon, California. This new development features single-family homes and townhomes for sale, with construction of model homes already in progress. Home prices start at $1,044,995, offering various design options and quick move-in availability. The community boasts proximity to luxury retail, parks, and top-rated schools, with easy access to major freeways. Toll Brothers emphasizes modern design and personalization for prospective buyers at its national award-winning design studio.
Toll Brothers (NYSE:TOL) has unveiled the grand opening of the Merle, Vireo, and Sora model homes at its Skylar by Toll Brothers community in Valencia, California. This luxury enclave features 85 single-family homes with expansive designs, modern architecture, and amenities like solar panels and EV chargers. Homes range from 3,700+ square feet, priced from $1.55 million. The development emphasizes sustainability, with plans for 2,000 EV charging stations. Toll Brothers aims to offer innovative living spaces in a sought-after area known for award-winning schools and shopping.
Toll Brothers, Inc. (NYSE: TOL) has partnered with Sculptor Real Estate to develop two luxury condominium projects in New York City: The Rockwell and 151 Bay Street. The Rockwell will feature 81 units on the Upper West Side, financed by a $98.2 million loan, while 151 Bay Street in Jersey City will consist of 259 units, supported by a $121.5 million loan. This joint venture aims to expand premium urban living in core markets, continuing the successful collaboration that began with The Sutton project.
Toll Brothers (NYSE:TOL) has announced the opening of 15 model homes at Regency at Folsom Ranch, a gated 55+ community in Folsom, California. The community features luxury home designs with prices starting in the upper $500,000s and includes access to premium amenities. An 18,000-square-foot clubhouse is under construction and expected to open in early 2023, offering pools, a spa, and fitness facilities. The community provides easy access to shopping and recreational activities, enhancing the active lifestyle for its residents.
Toll Brothers has announced the upcoming launch of Canyon Estates, a luxury home community in Gilroy, California, set to begin sales in fall 2022. This exclusive development will feature 18 single-family homes with magnificent valley and canyon views, designed for luxury living.
The homes will include options for two- and three-story layouts with up to 5 bedrooms and 5.5 bathrooms, situated on one-acre lots. Residents will enjoy proximity to shopping, dining, and entertainment, along with easy access to major highways and the Gilroy Unified School District.
Toll Brothers (NYSE:TOL) announces limited availability for quick move-in homes at Aspen Trail and Livingston Grove in the greater Tampa area. Only a few designer-appointed homes remain, with prices starting from $1,069,995 at Aspen Trail and $998,995 at Livingston Grove. Featured homes include the Pelican Coastal and Vinoy Craftsman designs, equipped with spacious modern amenities. Toll Brothers emphasizes the exclusivity and appeal of these communities, inviting prospective buyers to seize the final opportunities to purchase in these sought-after locations.
Toll Brothers has announced the upcoming opening of its newest luxury community, Verona Estates, in Chatsworth, California, driven by strong demand with only eight home sites available in the first phase. The second phase is slated for a 2023 release. This exclusive enclave offers expansive two-story estate homes ranging from 4,700 to over 5,500 square feet, featuring distinctive architecture and energy-efficient designs. The community promises a serene atmosphere with access to local amenities and sought-after schools, highlighting Toll Brothers' commitment to quality in luxury housing.
Toll Brothers, Inc. (NYSE:TOL), the leading luxury home builder, will hold a conference call to discuss its third quarter results on August 24, 2022, at 8:30 a.m. ET. The announcement of these results will follow the market close on August 23, 2022. Investors can access the call live via the company's website. Toll Brothers operates in over 60 markets across 24 states, with a focus on serving various homebuyer demographics. The company is recognized as the World’s Most Admired Homebuilder by Fortune magazine for 2022.
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