Core Insights - Toll Brothers, Inc. has announced the final opportunity to purchase homes at Reflections at Seabrook, an exclusive community within the Nocatee master plan in St. Johns County, Florida [1][4] - The community features a blend of modern elegance and resort-style luxury, with limited move-in ready homes available for sale [2][4] Company Overview - Toll Brothers, Inc. is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [6][8] - The company operates in over 60 markets across 24 states and offers a variety of home types for different buyer segments [6][7] Community Features - Reflections at Seabrook offers single-family homes with one- and two-story floor plans, designed for outdoor living and modern aesthetics [2][4] - Residents have access to private amenities at Seabrook Park and the broader entertainment options available in Nocatee [2] Pricing and Availability - The move-in ready homes are priced from the upper $500,000s, showcasing designer-selected finishes [4]

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Core Viewpoint - Bellway (BLWYY) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Business Improvement Indicators - The upgrade in Bellway's rating suggests an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [4][9]. - The Zacks Consensus Estimate for Bellway indicates expected earnings of $2.79 per share for the fiscal year ending July 2026, with a 5% increase in estimates over the past three months [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6][8]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [8][9].

Core Points - Toll Brothers, Inc. has launched a new luxury community called Toll Brothers at The Pinehills - Broadleaf in Plymouth, Massachusetts, featuring luxury townhomes priced from the upper $800,000s [1][5] - The community offers three modern home designs with various features such as first-floor primary bedroom suites, versatile lofts, and outdoor living options [2][5] - The Pinehills community includes amenities like The Stonebridge Club, championship golf courses, tennis courts, and walking trails, and is conveniently located near shopping and dining [3][5] Company Overview - Toll Brothers, Inc. is a Fortune 500 Company and the leading builder of luxury homes in the United States, operating in over 60 markets across 24 states [8][9] - The company has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple awards for its excellence in home building [9]

Cheryl Palmer. Cheryl, it's always good to get your check on the market with your help. Thank you so much for joining us.>> Great to see you. Thank you for having me this morning. Of course.>> Can you walk us through at least the the closure guidance. >> Yeah, I mean we did um modify our closings modestly, right. We I think consensus Carl was right around 13,000 closings for 2025 and we brought it down to the midpoint.Um the midpoint of our new guidance is is 129. So we brought it down 100 units just a poin ...

Market Guidance - The company has revised its closing guidance for 2025 down to a midpoint of 12,900 units, a reduction of 100 units from previous estimates, reflecting a choppy market environment [1][2] - Despite the adjustment in closings, the company has maintained its margin guidance without changes [2] Mortgage Applications and Market Conditions - Mortgage applications have decreased for four consecutive weeks, with the 30-year fixed mortgage rate hovering around 6.3% [3] - There is an expectation that the market will eventually respond positively to the easing conditions [3] Affordability and Market Dynamics - The company is focused on delivering homes at prices affordable for first-time buyers, with approximately 70% of its business affected by macroeconomic factors [4] - Current consumer confidence is not at a peak, and resolution of macro-level issues, including political factors and interest rate declines, is anticipated to improve market conditions [5] Industry Relations and Housing Supply - The company is actively engaging with the administration to address housing shortages and improve affordability, emphasizing that builders are eager to increase housing supply [6][7] - There is a recognition of excess inventory in the market, and the company is working to manage this responsibly while collaborating with various stakeholders to tackle the affordability issue [8][9] Inventory Management - The company is addressing mixed messages regarding the number of lots it controls, noting that some land is not yet entitled [10] - The priority remains on moving inventory quickly and responsibly, with a commitment to work with the administration to find solutions for housing affordability [11]

It's time for the big three. We've got three stocks, three charts, and three trades. Rick Ducat, of course, taking us through the charts today.And here to take us through the trades is Don Kaufman, co-founder of Theo Trade. Great to have you both with us. Don, let's kick things off right with this first pick you've got for us today.Lenar in the homebuilder space, heavily under pressure. Although, as I was looking at their chart, they are trying to stage a bit of a rally here. >> Yeah, and that's exactly wha ...

Key Takeaways Lennar's ASP fell 6.7% in fiscal 2025 as incentives weighed on margins, now at 18%.D.R. Horton invests $2.2B in land and lots, boosting reach but trimming margins to 22.1%.DHI shows stronger stock momentum and trades at a discounted valuation compared to LEN.Homebuilding companies with operations spanning the United States, such as Lennar Corporation (LEN) and D.R. Horton, Inc. (DHI) , have been under pressure from the housing market for some time now. Although mortgage rates have decreased ov ...

Financial Data and Key Metrics Changes - The company generated $140 million of pre-tax income, down 26% from last year's record third quarter results, with a pre-tax income percentage of 12% of revenue and gross margins of 24% [3][4] - Total revenue decreased 1% to $1.1 billion, with an average closing price of $477,000, a 2% decrease from last year's third quarter average closing price of $489,000 [4][10] - Earnings per diluted share decreased to $3.92 from $5.10 last year, with a book value per share of $120, up 15% from a year ago [12][7] Business Line Data and Key Metrics Changes - The company closed a record 2,296 homes in the third quarter, a 1% increase compared to a year ago, but sold 1,908 homes, down 6% from 2023's third quarter [4][10] - The Smart Series, the most affordable line of homes, comprised about 52% of total sales compared to about 50% a year ago [5] - The mortgage and title operations achieved pre-tax income of $16.6 million, an increase of 28% from $12.9 million in 2024's third quarter, with revenue increasing 16% to a record $34.6 million [13][14] Market Data and Key Metrics Changes - New contracts in the northern region decreased by 17%, while new contracts in the southern region increased by 3% compared to last year's third quarter [6] - Deliveries in the southern region increased by 8%, while deliveries in the northern region decreased by 7% from a year ago, with 59% of deliveries coming from the southern region [6] - The company ended the quarter with 233 communities, up 7% from 217 a year ago, with the northern region up 9% and the southern region up 6% [9] Company Strategy and Development Direction - The company remains optimistic about its business, believing the industry will benefit from the undersupply of homes and growing household formations [8] - The company plans to grow its community count by about 5% from 2023, with a strong land position and a total of 50,700 owned and controlled lots, equating to about a five to six-year supply [7][6] - The company is focused on maintaining a strong balance sheet and liquidity while selectively buying back shares [16][51] Management's Comments on Operating Environment and Future Outlook - Management described the current housing market conditions as "just okay," with continued challenges in demand and market conditions [3] - The company is using mortgage rate buy-downs to incentivize sales and drive traffic, which has been a significant factor in the decline of gross margins [4][21] - Management expressed confidence in the strength of their markets, particularly in Columbus, Chicago, Dallas, Minneapolis, and Orlando, expecting strong full-year results in these areas [6][8] Other Important Information - The company ended the quarter with an all-time record $3.1 billion of equity, a debt-to-capital ratio of 18%, and a net debt-to-capital ratio of negative 1% [7][8] - The company spent $115 million on land purchases and $181 million on land development during the third quarter [16] Q&A Session Summary Question: Can you talk about orders and the use of incentives? - Management noted that the market is unpredictable, and they are using selective mortgage rate buy-downs to drive traffic and sales, which has been the primary driver for sales [20][21] Question: Can you comment on gross margin trends in the South? - Management indicated that demand and margins are holding up better in Orlando compared to Tampa and Sarasota, with Texas markets experiencing some struggles [25][26] Question: Have you had discussions with the administration regarding housing? - Management stated they have not had discussions but are aware of the ongoing conversations about improving housing affordability and the impact of local zoning regulations [30][31] Question: What are the expectations for gross margins going forward? - Management believes they are closer to the bottom of margin pressures, with potential for stabilization if costs for mortgage rate buy-downs decrease [34][35] Question: Is there any inclination towards M&A? - Management indicated there is nothing on the horizon but would consider opportunities that make sense within their existing markets [62] Question: What are the expectations for community count growth in 2026? - Management expects community count growth next year, targeting a 5% to 10% increase annually [64][65]

The UK is planning a package of emergency measures to boost housebuilding in London that could be announced as soon as Thursday https://t.co/fdmOS9SoJY ...