LA QUINTA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Southern California community, Toll Brothers at Griffin Ranch, is coming soon to La Quinta, California. This exclusive Toll Brothers neighborhood will include only 37 estate-sized single-story homes and an array of existing luxury amenities. Site work is underway, and the community is anticipated to open for sale in late 2025. Toll Brothers at Griffin ...

Core Insights - Century Communities, Inc. is launching Griffin Creek, a new community in Childersburg, AL, with homes starting from the $250s, anticipated to begin selling in August 2025 [1][4][8] - The community will feature single- and two-story floor plans with modern amenities and an industry-first online homebuying experience [2][5][8] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, consistently ranked among America's and the World's Most Trustworthy Companies by Newsweek [1][8] - The company operates in 17 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [8] Product Offering - Griffin Creek will offer homes with up to 4 bedrooms, 3 bathrooms, and 1,965 square feet, featuring open-concept designs and high-quality finishes such as stainless-steel appliances and quartz countertops [6][8] - The community is strategically located for easy access to Birmingham and local attractions like Talladega National Forest and NASCAR's Talladega Superspeedway [6][8] Online Homebuying Experience - The company provides a streamlined online homebuying process, allowing buyers to purchase homes at their convenience while still working with local real estate agents [5][10] - The online process includes steps such as filling out a Buy Online form, submitting an earnest money deposit, and electronically signing a purchase contract [10]

Confidence among US homebuilders in June hit its lowest level since December 2022 as high mortgage rates and policy uncertainty hit wouldbe buyers. With more on the landscape for homebuilders, we have Katie Hubard, Walton Global's executive vice president of capital markets joining us now. So Katie, there was actually an expectation we would see sentiment rebound here.Clearly not the case. What does this tell us about where home builders and really the overall housing market stand right now. Yes.Hi Ally, th ...

Financial Data and Key Metrics Changes - In Q2 2025, Lennar started over 24,000 homes, delivered over 20,000 homes, and sold 22,601 homes, indicating a focus on volume despite challenging market conditions [24] - Sales incentives rose to 13.3%, leading to a gross margin reduction to 18% due to lower than expected average sales prices [24][25] - The company ended the quarter with $1.2 billion in cash and $5.4 billion in total liquidity, maintaining a strong balance sheet [48] Business Line Data and Key Metrics Changes - The financial services segment reported operating earnings of $157 million, primarily driven by the mortgage business [47] - The average sales price for Q3 is expected to be between $380,000 and $385,000, reflecting continued pricing pressure [53] Market Data and Key Metrics Changes - The housing market remains soft, with median sales prices around $400,000 and inventory levels slightly up from last year but still limited [10][11] - Demand is high among millennials, but affordability issues and declining consumer confidence are impacting the market [11][12] Company Strategy and Development Direction - The company is focused on maintaining volume and driving efficiencies through technology integration, aiming to build a stronger margin platform [8][19] - Lennar's strategy includes an asset-light, land-light balance sheet to enhance cash flow and operational efficiency [15][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging economic environment, with higher interest rates and consumer confidence affecting demand [9][10] - The company is optimistic about future growth, believing it is close to finding a margin floor and improving its cost structure [16][36] Other Important Information - The company is transitioning its ERP system to JD Edwards eOne, which is expected to enhance financial reporting and operational efficiency [31][32] - Inventory churn improved to 1.8%, indicating better management of home sales and inventory levels [45] Q&A Session Summary Question: Consumer Credit Quality - Management noted that while consumer confidence has waned, credit scores have remained consistent, with an increase in government loans from 40% to 48% [62] Question: Price Elasticity in the Market - Management indicated that market conditions vary, with some markets showing inelasticity, but adjustments are made based on real-time data [64][66] Question: Annual Volume Expectations - The company expects to meet its annual target of 86,000 to 88,000 homes, focusing on volume while adjusting to market conditions [71] Question: Margins and Returns on Capital - Management aims for around a 20% gross margin on new land acquisitions, emphasizing patience and selectivity in current market conditions [87][89] Question: Cash Flow from Operations - The outflow in cash flow was attributed to lower average sales prices and the impact of the Mill Road spin-off, with expectations for improvement moving forward [92][94]

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 ...