Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Enclave at Hickory Hill in Argyle, Texas, expected to open for sale in fall 2025 [1][5] Company Overview - Toll Brothers is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [9] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of home types for different buyer segments [9] Community Features - Enclave at Hickory Hill will feature one- and two-story homes ranging from 3,700 to over 6,000 square feet, with prices starting at $1.7 million [2] - Homes will include 4 to 5 bedrooms, 3.5 to 6 bathrooms, and options for 3-car or 4-car garages, emphasizing quality and craftsmanship [2][5] Customer Experience - The Toll Brothers Design Studio will provide a one-stop shopping experience for customers to personalize their homes with professional design consultants [3] Location Benefits - The community is strategically located near major commuter routes, including Interstate 35 and Highway 377, facilitating easy access to surrounding areas [7] - It is situated within the Argyle Independent School District, providing educational opportunities for residents [7] Nearby Amenities - Residents will have access to shopping, entertainment, and dining options in nearby Highland Village and Flower Mound, enhancing the community's appeal [8]

Shares of Lennar Corp. rose Tuesday morning, a day after the homebuilder posted a mixed second-quarter report, with revenue topping analysts' expectations but profit, new orders, and average sale price falling short. https://t.co/Hi4vTPAp2q ...

Market Sentiment & Economic Indicators - Home builder sentiment dropped to 32 in June, a level surpassed only twice since 2012, indicating significant concern in the housing market [1] - High mortgage rates, tariffs, and overall economic uncertainty are cited as key factors impacting builder sentiment [2] - Buyer traffic fell to its lowest reading since the end of 2023, signaling weakening demand [3] Builder Actions & Pricing Strategies - 37% of builders are cutting prices, the highest share in three years, to stimulate demand [3] - The average price reduction is 5%, reflecting efforts to attract buyers [3] - Builders are facing challenges in affordability, even with mortgage rate buy-downs, impacting consumer qualification [6] Regional Performance & Future Outlook - NAHB forecasts a decline in single-family housing starts for 2025, suggesting a pessimistic outlook [4] - The South and West regions are experiencing the weakest performance, impacting areas with high homebuilding activity [4] Company Specific Data - LAR's average home price on closings is down nearly 9%, mirroring the broader trend of price reductions [6]

Core Viewpoint - Analysts forecast a significant decline in KB Home's quarterly earnings and revenues, indicating potential challenges for the company in the upcoming earnings release [1]. Group 1: Earnings and Revenue Estimates - KB Home is expected to report earnings of $1.45 per share, reflecting a year-over-year decline of 32.6% [1]. - Anticipated revenues are projected at $1.5 billion, which represents a decline of 12.6% compared to the same quarter last year [1]. - The estimate for 'Total Revenues- Homebuilding' is $1.49 billion, indicating a year-over-year change of -12.6% [4]. - 'Total Revenues- Financial services' is expected to be $6.65 million, suggesting a year-over-year decline of 19.9% [5]. Group 2: Key Metrics and Performance Indicators - Analysts predict 'Backlog - Units' to reach 5,089, down from 6,270 a year ago [5]. - The 'Average selling price' is estimated at $487.12 million, slightly up from $483 million in the same quarter last year [6]. - 'Net orders - Units' are forecasted to be 3,723, compared to 3,997 in the previous year [6]. - 'Unit deliveries - Total Homes' are projected at 3,070, down from 3,523 in the same quarter last year [6]. Group 3: Income and Financial Metrics - 'Operating Income- Homebuilding' is expected to be $124.01 million, down from $188.18 million in the same quarter last year [8]. - 'Homebuilding pretax income' is estimated at $130.44 million, compared to $207.86 million a year ago [8]. - The consensus estimate for 'Financial services pretax income' stands at $10.19 million, down from $13.26 million in the same quarter last year [7]. Group 4: Market Performance - KB Home shares have decreased by 3.7% over the past month, contrasting with a 1.4% increase in the Zacks S&P 500 composite [8]. - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [8].

LITTLETON, Colo., June 16, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated opening of Toll Brothers at Ken-Caryl Ranch, a community offering two collections of luxury homes in Jefferson County, Colorado. The Toll Brothers Sales Center is now open at 7200 South Wright Way in Littleton. Toll Brothers at Ken-Caryl Ranch is an extraordinary new home community offering two collections of luxury home designs with sophist ...

Monday, June 16, 2025Pre-market futures are climbing this morning, filling in the holes left Friday as the Israeli attacks on Iran saw oil prices spike and questions abound on impacts to the global economy. As we’ve seen over the weekend, while the two countries trade missile strikes, we haven’t seen the Strait of Hormuz affected as of yet, nor any other major developments on the global stage.We’re at this hour coming off peak levels of +295 points on the blue-chip Dow, +45 points on the S&P 500 and +205 po ...

Core Insights - Toll Brothers, Inc. has announced the grand opening of its model home at Stonegate Court, an exclusive gated community in Gilbert, Arizona, featuring 22 single-story homes on large home sites [1][4] - The Markham model home showcases luxury design and modern amenities, with the grand opening event scheduled for June 21, 2025 [1][2] Company Overview - Toll Brothers is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [8] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of home types for different buyer segments [8] Community Features - Stonegate Court offers three single-level floor plans ranging from 3,466 to over 4,126 square feet, with prices starting at $1.38 million [4] - Homes include 3 to 6 bedrooms, 3.5 to 5.5 baths, and 3- to 4-car garages, with options for personalization such as multi-generational living suites and wine rooms [4] Location and Amenities - The community is located within the Higley Unified School District and is conveniently near major commuter routes, shopping, dining, and outdoor recreation [5] - Residents will have access to the Toll Brothers Design Studio for personalized home selections [6]

Core Insights - Meritage Homes Corporation, the fifth largest public homebuilder in the U.S., will release its second quarter 2025 results on July 23, 2025, after market close [1] - A conference call to discuss the results is scheduled for July 24, 2025, at 8:00 a.m. Pacific Standard Time [1] Company Overview - Meritage Homes is recognized as the fifth-largest public homebuilder in the United States based on homes closed in 2024 [3] - The company specializes in energy-efficient and affordable entry-level and first move-up homes, with operations across multiple states including Arizona, California, Texas, and Florida [3] - Over its 39-year history, Meritage has delivered nearly 200,000 homes and is known for its distinctive style, quality construction, and award-winning customer experience [4] - The company has received numerous awards for its commitment to energy-efficient homebuilding, including the EPA's ENERGY STAR® Partner of the Year for Sustained Excellence Award [4]

Immigration Crackdown Impact - US industries like crop production, food processing, and construction are significantly impacted by immigration crackdown, with undocumented immigrants comprising 15% to 20% or more of the workforce [1] - Initial weeks saw a slight lull in construction, but no major problems have been observed recently on construction sites [3] - Labor shortages are significant, especially for skilled trades, leading to increased labor costs [11] Regional Differences - Southeast region experiences less impact compared to Texas and California, which have a higher percentage of Hispanic construction workers [5][6][7] - Nationally, over 60% of roofers and over 50% of painters are Hispanic [6] Employer Responsibility - Home builders primarily check licenses, workman's compensation, and insurance certificates of subcontractors, but not the individual workers of those subcontractors [9] - Responsibility of ensuring legal status falls on the subcontractors [9] Housing Market Dynamics - Supply chain constraints have eased, but labor remains a significant constraint [10][11] - Tariffs on lumber from the Pacific Northwest and Canada negatively affect the US and home building industries by increasing costs [12][13] - Rent increases are being kept reasonable at around 2% to 3% despite rising costs [14] - Renting is now cheaper than buying a home in all 50 MSAs in the US due to high interest rates [15] - Properties are nearly 100% full, indicating strong demand [16]

EchoStar was preparing to file bankruptcy. Well, next week we get clues on the state of the housing market when Lennar reports earnings on Monday right here on overtime, we're also going to get updates on housing starts and building permits for May. But in the meantime, housing research firm Zelman and Associates putting out a home building survey today, which shows homebuilder confidence dropping to its lowest level since January 2023.Joining me now is Zelman and Associates executive vice president Ivy Zel ...