Toll Brothers Announces Grand Opening of Model Homes at Glenrock in Las Vegas

Rhea-AI Summary

Toll Brothers (NYSE:TOL) opened three model homes at Glenrock, a gated luxury community in Summerlin, Las Vegas, on Feb. 4, 2026. Glenrock offers eight home designs from 2,897 to over 4,500 sq ft, 3–5 bedrooms, up to 6.5 baths, 3–4 car garages, with pricing from $1.58 million.

The community includes a private park, event lawn, walking paseos, and access to Summerlin amenities; a Toll Brothers Design Studio is available for personalized selections.

News Market Reaction

+2.74%

1 alert

+2.74% News Effect

On the day this news was published, TOL gained 2.74%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Glenrock pricing: $1.58 million Glenrock home sizes: 2,897–4,500+ sq ft Homes delivered: 11,292 homes +5 more

8 metrics

Glenrock pricing $1.58 million Starting home price at Glenrock community in Las Vegas

Glenrock home sizes 2,897–4,500+ sq ft Home designs in Glenrock community

Homes delivered 11,292 homes Fiscal 2025 deliveries from DEF 14A

Avg selling price $960,000 Average home price in fiscal 2025

Home sales revenue $10.8 billion Record fiscal 2025 home sales revenue

Gross margin 25.6% Fiscal 2025 gross margin on home sales

Diluted EPS 2025 $13.49 Fiscal 2025 EPS vs $15.01 in 2024

Operating cash flow $1.1 billion Fiscal 2025 operating cash flow

Market Reality Check

Price: $166.12 Vol: Volume 2,104,719 is 1.58x...

high vol

$166.12 Last Close

Volume Volume 2,104,719 is 1.58x the 20-day average, indicating elevated interest pre-news. high

Technical Price 146.46 is trading above the 200-day MA at 127.39 and within 5.45% of the 52-week high.

Peers on Argus

TOL gained 0.67% with above-average volume, while key peers like PHM, DHI, LEN, ...

2 Up

TOL gained 0.67% with above-average volume, while key peers like PHM, DHI, LEN, and TMHC also showed gains between roughly 3–4%, and momentum names KBH and IBP were up over 4% and 5%, suggesting a constructive homebuilder backdrop.

Historical Context

5 past events · Latest: 2026-02-02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-02-02	Community opening	Positive	+0.7%	Launch of Outlook at The Station condos in Sunnyvale with resort amenities.
2026-02-02	New community plan	Positive	+0.7%	Announcement of Summercrest gated townhome community in Estero, Florida.
2026-02-02	New community plan	Positive	+0.7%	Altair Ridge townhome community announcement in Orion Township, Michigan.
2026-01-30	Community opening	Positive	-1.8%	Opening of HighPoint gated community in Scottsdale with $1.6M+ homes.
2026-01-30	Model home opening	Positive	-1.8%	Model home grand opening in Emberly community in Alpharetta, Georgia.

Pattern Detected

Recent community and model-home announcements have seen modest single-day reactions, with small gains on 2026-02-02 and mild pullbacks on 2026-01-30, indicating generally measured responses to similar growth updates.

Recent Company History

Over late January and early February 2026, Toll Brothers has repeatedly highlighted expansion of its luxury footprint, including new communities in Sunnyvale, Estero, Orion Township, Scottsdale, and Alpharetta. These announcements feature higher-price offerings (often above $1.2M) and design personalization via the Design Studio. Market reactions have been mixed: modest gains around 0.69% on 2026-02-02 versus declines of about 1.75% on 2026-01-30, underscoring nuanced trading around development news rather than uniform enthusiasm.

Market Pulse Summary

This announcement adds another high-end community to Toll Brothers’ expanding portfolio, with Glenro...

Analysis

This announcement adds another high-end community to Toll Brothers’ expanding portfolio, with Glenrock homes starting around $1.58M and offering sizable, flexible designs in a desirable Las Vegas submarket. In recent months, the company has similarly highlighted new luxury projects across multiple states while reporting record $10.8B home sales revenue and a 25.6% gross margin in fiscal 2025. Investors may track how absorption, pricing power, and execution at these new communities interact with broader housing and rate conditions over time.

Key Terms

restricted stock units, 401(k) plan, ira, roth ira, +1 more

5 terms

restricted stock units financial

"A total of 4,897 restricted stock units were exercised at $0"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

401(k) plan financial

"including 140.7853 shares in a 401(k) plan, 219.9130 shares in an IRA"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

ira financial

"including 140.7853 shares in a 401(k) plan, 219.9130 shares in an IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

roth ira financial

"109.9560 shares in a Roth IRA, and 40.6850 shares held by his spouse"

A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

definitive proxy statement regulatory

""[DEF 14A] Toll Brothers, Inc. Definitive Proxy Statement""

A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.

AI-generated analysis. Not financial advice.

Exclusive gated community in Summerlin showcases luxury home designs

LAS VEGAS, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Toll Brothers Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the grand opening of three highly anticipated model homes at Glenrock, its newest luxury home community in Las Vegas. Located in the sought-after Summerlin master plan, Glenrock is a gated enclave of stunning single-family homes designed to redefine modern living. The public is invited to tour the new model homes and explore the community at 360 Talon Heights St. in Las Vegas.

Glenrock offers eight distinctive home designs ranging from 2,897 to over 4,500 square feet, with 3 to 5 bedrooms, up to 6.5 baths, and 3- to 4-car garages. These expansive home designs feature flexible spaces, lower-level walk-out terraces, and options such as multigenerational suites. Homes are priced from $1.58 million.

"Glenrock represents the pinnacle of luxury living in Las Vegas," said Janet Love, Division President of Toll Brothers in Las Vegas. "We are excited to unveil our elegantly designed model homes, which showcase the exceptional craftsmanship and outstanding personalization options for which Toll Brothers is known."

The community’s exclusive location in Summerlin’s Grand Park Village offers residents access to miles of walking trails, parks, and outdoor recreation, as well as proximity to fine dining, shopping, and highly rated private schools. The serene setting includes a private community park, event lawn, fire pit, two private walking paseos, and scenic views, creating an ideal backdrop for relaxation and connection with neighbors.

Home shoppers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

For more information and to schedule an appointment, call 855-700-8655 or visit TollBrothersLasVegas.com.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/9edb254e-d9ae-4570-a94e-d203478fbab2

https://www.globenewswire.com/NewsRoom/AttachmentNg/47095632-6672-48c2-8a27-b55effeb1eb5

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

FAQ

What new homes did Toll Brothers (TOL) open at Glenrock in Las Vegas on Feb. 4, 2026?

Toll Brothers opened three model homes showcasing Glenrock's designs and finishes. According to the company, Glenrock features eight distinct home plans sized 2,897 to over 4,500 square feet with prices starting at $1.58 million.

What sizes, bedroom counts, and pricing are available for Glenrock homes by Toll Brothers (TOL)?

Glenrock homes range from 2,897 to over 4,500 square feet with 3 to 5 bedrooms. According to the company, homes include up to 6.5 baths and 3- to 4-car garages, with pricing beginning at $1.58 million.

What community amenities come with Glenrock in Summerlin offered by Toll Brothers (TOL)?

Glenrock includes a private community park, event lawn, two private walking paseos, and scenic views. According to the company, residents also have access to Summerlin's miles of walking trails, parks, dining, shopping, and nearby private schools.

How can prospective buyers personalize a Toll Brothers (TOL) home at Glenrock and schedule a tour?

Buyers can use the Toll Brothers Design Studio to customize selections with professional design consultants. According to the company, tours and appointments are available at 360 Talon Heights St.; call 855-700-8655 or visit TollBrothersLasVegas.com to schedule.

Where is Glenrock located and what makes its Summerlin location notable for Toll Brothers (TOL) buyers?

Glenrock is located in Summerlin's Grand Park Village at 360 Talon Heights St. According to the company, the location offers outdoor recreation, proximity to dining and shopping, and access to highly rated private schools, enhancing lifestyle appeal.