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Toll Brothers, Inc. builds luxury homes and residential communities across U.S. markets. News about TOL commonly covers new community openings, model-home grand openings, final sales opportunities, and planned collections of single-family homes, townhomes, and condominiums in regional markets such as Florida, Georgia, California, Texas, and Connecticut.
The company’s recurring updates also describe home designs, community amenities, buyer categories, and related operations in architecture, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing. Earnings announcements and conference-call notices add periodic reporting on home sales, deliveries, contracts, backlog, margins, and other homebuilding operating measures.
Toll Brothers (NYSE: TOL) announced the launch of its fifth community in The Pinehills, Plymouth, Massachusetts. Named Toll Brothers at The Pinehills – Owls Nest, this new single-family luxury home neighborhood will feature 98 homes, with sizes ranging from 1,880 to 2,804 square feet. Construction of the sales center and model homes is expected to start in spring 2023, with sales commencing in summer 2023. Homebuyers will enjoy exclusive amenities including a clubhouse, fitness center, and outdoor pool, alongside access to The Pinehills Golf Club and nearby shopping and dining options.
Toll Brothers (NYSE:TOL) announces the grand opening of its Fairbanks Modern model home at Toll Brothers at Lakeview Estates in Lehi, Utah. This luxury community consists of just 52 homes and features stunning architectural design and interior merchandising. The new model home showcases modern luxury, attracting buyers seeking a unique living experience. Home prices start in the low $900,000s, with move-in ready options available. A second model, the Ashton Farmhouse, is under construction, expected to open later this summer. The community offers a range of amenities, including a clubhouse, pool, and hiking trails.
Toll Brothers (NYSE:TOL) announces final availability of move-in ready homes in the Wren Bay and Clear Pond luxury communities in Myrtle Beach, SC. These homes showcase designer features and are available for immediate occupancy, with the Clear Pond homes starting in the low $300,000s and Wren Bay homes from the upper $300,000s. The Madison South Transitional and Austin South Classic homes are among the options, featuring 3 bedrooms and 2 baths. The company highlighted this opportunity as a last chance for buyers, emphasizing its reputation for quality and luxury in the region.
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Toll Brothers (NYSE:TOL) has announced the upcoming launch of two new luxury home collections in the Harvest community, Argyle, Texas. The Select Collection and Estate Collection will join the existing Elite Collection, with sales starting in summer 2023. Homebuyers can choose from modern one- and two-story designs, with sizes ranging from 2,500 to 5,300+ square feet, boasting up to 5 bedrooms and 4.5 baths. Homes are priced from the mid-$400,000s. Harvest is awarded as 'Master-Planned Community of the Year' and offers extensive amenities, including trails, pools, and community events, enhancing the living experience for residents.
Toll Brothers (NYSE:TOL) announces the upcoming launch of Monterey at Lakewood Ranch, set to open for sales in summer 2023. Located in the desirable Lakewood Ranch community, the development will feature 113 home sites with 12 distinct designs ranging from 2,493 to over 4,985 square feet. The community will boast luxurious amenities such as a clubhouse, swimming pool, fitness center, and more, catering to a lifestyle of comfort and elegance. With proximity to shopping, dining, and top-rated schools, this venture aims to attract a diverse clientele looking for high-quality living in Florida.
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Toll Brothers (NYSE:TOL) announced the grand opening of Waterview Landing, a luxury lakefront community in Babcock Ranch, Florida. This new development features two collections of single-family homes, priced from the low $400,000s. Homes will offer open floor plans, first-floor primary suites, and customizable options through the Toll Brothers Design Studio. Residents can enjoy a nature-connected lifestyle with access to amenities like the Lake Timber Lodge and nearby recreational options. Notably, the location is just 15 miles from downtown Ft. Myers, providing convenience for homeowners.
Toll Brothers, Inc. (NYSE:TOL) reported strong first quarter results for FY 2023, with net income increasing to $191.5 million ($1.70 per share), compared to $151.9 million ($1.24 per share) in FY 2022. Home sales revenues reached $1.75 billion, a 4% increase year-over-year. However, net signed contracts dropped significantly, down 51% to $1.45 billion and delivered homes decreased by 5%. The backlog ended at $8.6 billion, a 21% decline from last year. The company maintains a solid outlook, reaffirming guidance for an adjusted gross margin of 27.0% and earnings per share of $8.00 to $9.00.