INVESTOR PRESENTATION JANUARY 2026 FORWARD-LOOKING STATEMENTS Certain statements in this Investor Presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements often discuss our plans, strategies, intentions, markets, beliefs, forecasts and guidance, and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "expects," "may," "will," "believes," ...

Toll Brothers at George's Ranch Boerne, TX FORT WASHINGTON, Pa., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, will broadcast live on its website, www.TollBrothers.com, a conference call to discuss results for its first quarter ended January 31, 2026. The call is scheduled for 8:30 a.m. (ET) on Wednesday, February 18, 2026 and will be hosted by Douglas C. Yearley, Jr., chairman and chief executive officer. The Company will announce its fi ...

More consequential for PulteGroup's stock will be any guidance from the builder for the typically busy spring season, which kicks off in late February. ...

Core Viewpoint - KB Home announces the appointment of Robert McGibney as President and Chief Executive Officer, effective March 1, 2026, succeeding Jeffrey Mezger, who will become the first Executive Chairman of the board after two decades as CEO [1][3]. Company Leadership Transition - Robert McGibney, a veteran of KB Home with over 25 years of service, will take over as CEO, while Jeffrey Mezger transitions to Executive Chairman, continuing to play a key management role [1][3][5]. - McGibney has held various leadership positions within the company, including Division President, Regional General Manager, and Chief Operating Officer, before being promoted to President in 2024 [4][5]. Company Achievements and Strategy - Under Mezger's leadership, KB Home has optimized its Built to Order business model, generating profitable growth and high levels of customer satisfaction, alongside sustainability achievements [3][5]. - KB Home is recognized as one of the largest homebuilders in the U.S., having built over 700,000 homes in nearly 70 years, and is noted for its strong customer relationships and personalized homebuying experiences [6]. Future Outlook - The board expresses confidence in McGibney's ability to lead the company into the future, emphasizing the importance of the company's talent management and succession planning processes [5]. - McGibney expresses excitement about the future of KB Home and aims to create long-term value while working closely with Mezger and the senior leadership team [5].

Financial Data and Key Metrics Changes - In 2025, the company delivered 8,921 homes and recorded revenue of $4.4 billion, with pre-tax income of nearly $590 million, down 20% from the previous year's record of $734 million [5][6] - The net income was $403 million, or $14.74 per share, with a return on equity of 13.1% and shareholders' equity increased by 8% year-over-year to $3.2 billion [6][10] - Gross margins for the full year were 24.4%, down 220 basis points from 2024, primarily due to higher incentives and lot costs [6][10] Business Line Data and Key Metrics Changes - The financial services segment achieved a record capture rate of 93% and pre-tax income of $56 million for the year [5][16] - The Smart Series product, which is the most affordably priced, accounted for 49% of total company sales in the fourth quarter, down from 52% a year ago [7] Market Data and Key Metrics Changes - New contracts in the Southern Region increased by 13% year-over-year, while the Northern Region saw a 4% increase [8] - Deliveries in the Southern Region represented 57% of the company-wide total, with a slight increase in homes delivered compared to the previous year [8] Company Strategy and Development Direction - The company is focused on maintaining quality and customer service while navigating economic challenges, and it is well-positioned in its 17 markets [3][10] - The company plans to continue using mortgage rate buydowns as incentives on a community-by-community basis to drive sales [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the industry despite current challenges, stating that the company is in the best financial condition in its history [10] - There is optimism regarding the early traffic improvements and demand as the selling season begins [45][90] Other Important Information - The company ended the year with a cash balance of $689 million and zero borrowings under its unsecured credit facility, resulting in a strong debt-to-capital ratio of 18% [10][18] - The company owns approximately 26,000 lots, with an additional 24,000 lots controlled via option contracts, providing flexibility to respond to market conditions [9] Q&A Session Summary Question: Can you address the 13% growth in the South and bifurcate that into Texas and Florida? - Management noted solid sales across various markets, with Florida's Orlando market performing well and Texas showing mixed results, particularly with Dallas and Houston remaining solid while Austin and San Antonio were weaker [24][25] Question: Can you comment on margin pressures and the differential between intra-quarter closings and backlog? - Management acknowledged that margins are under pressure but noted that a significant portion of sales now comes from spec sales, which have lower margins compared to to-be-built homes [26][35] Question: What is the strategy regarding mortgage rate buy-downs? - The company has been successful with a 4.875% 30-year fixed mortgage rate and offers temporary buydowns to attract buyers [72][74] Question: How is the company structuring its land purchases and development? - Management indicated that land purchases and development spending increased, reflecting confidence in demand, but emphasized that there is no specific strategy driving this increase [64][66] Question: What is the outlook for margins and community openings? - Management did not provide specific guidance on margins but expressed optimism about maintaining a strong sales pace and improving margins through operational efficiencies [82][92]

Financial Data and Key Metrics Changes - In 2025, the company delivered 8,921 homes and recorded revenue of $4.4 billion, with pre-tax income of nearly $590 million, down 20% from the previous year's record of $734 million [5][6] - The net income was $403 million, or $14.74 per share, with a return on equity of 13.1% and shareholders' equity increased by 8% year-over-year to $3.2 billion [6][10] - Gross margins for the full year were 24.4%, down 220 basis points from 2024, primarily due to higher incentives and lot costs [6][10] Business Line Data and Key Metrics Changes - The financial services segment achieved a record capture rate of 93% and pre-tax income of $56 million for the year [5][16] - The Smart Series product, which is the most affordably priced, accounted for 49% of total company sales in the fourth quarter, down from 52% a year ago [7] - The average mortgage amount increased to $414,000 in the fourth quarter of 2025, compared to $409,000 in the previous year [16][17] Market Data and Key Metrics Changes - New contracts in the Southern Region increased by 13% year-over-year, while the Northern Region saw a 4% increase [8] - Deliveries in the Southern Region increased by 1% over the previous year's fourth quarter, representing 57% of the company-wide total [8] - The company owns approximately 26,000 lots, with 30% in the Northern Region and 70% in the Southern Region, and controls an additional 24,000 lots via option contracts [9] Company Strategy and Development Direction - The company is focused on maintaining quality and customer service while navigating economic challenges, positioning itself well in 17 markets [3][10] - The strategy includes using mortgage rate buydowns as incentives to drive sales, particularly in the current market environment [6][34] - The company plans to open more communities in 2026, estimating a 5% increase in average community count compared to 2025 [12][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the industry despite current challenges, stating they are in the best financial condition in their history [10] - There is optimism regarding demand improvement as the selling season begins, with management noting increased traffic in many markets [45][90] - The company is cautious about pricing strategies and inventory management, focusing on maintaining margins while responding to market conditions [52][104] Other Important Information - The company ended the year with cash of $689 million and zero borrowings under its $900 million unsecured revolving credit facility, resulting in a strong debt-to-capital ratio of 18% [10][18] - The company spent $1.2 billion on land purchases and development in 2025, up from $1.1 billion in 2024 [18] Q&A Session Summary Question: Can you address the 13% growth in the South and bifurcate that into Texas and Florida? - Management noted solid sales across various markets, with Florida's Orlando market performing well and Texas showing mixed results, particularly with Dallas and Houston remaining strong while Austin and San Antonio lagged [24][25] Question: Can you comment on margin pressures and the differential between intra-quarter closings and backlog? - Management acknowledged that margins are under pressure but noted that a significant portion of sales now comes from spec homes, which has changed the sales dynamics [34][35] Question: What is the strategy regarding mortgage rate buy-downs? - The company has been successful with a 4.875% 30-year fixed mortgage rate and offers temporary buydowns to attract buyers [72][74] Question: Any guidance on margins for the next quarter? - Management does not provide specific guidance on margins but expressed satisfaction with current performance and ongoing efforts to manage costs [82] Question: How is the inventory situation and what are the broader industry trends? - Management feels confident about their inventory levels and noted that while some excess spec inventory exists, they are focused on careful management to avoid overexposure [104]

Financial Data and Key Metrics Changes - In 2025, the company delivered 8,921 homes and recorded revenue of $4.4 billion, with pre-tax income of nearly $590 million, down 20% from last year's record of $734 million [5][6] - The net income was $403 million, or $14.74 per share, with a return on equity of 13.1% [6] - Full-year gross margins, excluding inventory and warranty charges, were 24.4%, down 220 basis points from 2024 [6][14] - The company ended the year with cash of $689 million and zero borrowings under its $900 million unsecured revolving credit facility, resulting in a strong debt-to-capital ratio of 18% [11][19] Business Line Data and Key Metrics Changes - The financial services segment achieved a record capture rate of 93% and pre-tax income of $56 million for the year [5] - The Smart Series, the company's most affordably priced product, comprised 49% of total sales in Q4, down from 52% a year ago [7] - The average closing price for Q4 was $484,000, a 1% decrease from the previous year's average of $490,000 [13] Market Data and Key Metrics Changes - New contracts in the Southern Region increased by 13% year-over-year, while the Northern Region saw a 4% increase [9] - Deliveries in the Southern Region represented 57% of the company-wide total, with a slight increase in homes delivered compared to the previous year [9] - The company owns approximately 26,000 lots, with 30% in the Northern Region and 70% in the Southern Region, and controls an additional 24,000 lots via option contracts [10] Company Strategy and Development Direction - The company is focused on maintaining quality and customer service while navigating economic challenges, positioning itself well in 17 markets [3][4] - The strategy includes using mortgage rate buydowns as incentives to promote sales, particularly in response to affordability challenges [6][35] - The company plans to open more communities in 2026, estimating a 5% increase in average community count compared to 2025 [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the industry despite current challenges, noting a slight improvement in demand and traffic as they enter 2026 [11][46] - The company anticipates that margin pressures may not be as severe in 2026 as they were in 2025, with expectations for improved demand in the early months of the year [47][48] - Management acknowledged the impact of impairments primarily in entry-level communities and indicated a focus on addressing these issues to stabilize margins [48][52] Other Important Information - The company spent $524 million on land purchases and $646 million on land development in 2025, up from $1.1 billion in 2024 [19] - The average mortgage amount increased to $414,000 in Q4 2025, with a loan-to-value ratio of 83% [18] Q&A Session Summary Question: Can you address the 13% growth in the South and bifurcate it into Texas and Florida? - Management noted solid sales across various markets, with Florida's Orlando and Tampa markets performing well, while Texas markets showed mixed results [25][26] Question: Can you comment on margin pressures and the differential between intra-quarter closings and backlog? - Management indicated that a significant portion of sales now comes from spec sales, which generally have lower margins compared to to-be-built homes [34][36] Question: What is the outlook for margins and incentives in the upcoming quarter? - Management refrained from providing specific guidance on margins but acknowledged that incentives had increased slightly in Q4 [80] Question: How is the company structuring mortgage rate buydowns? - The company has been successful with a 4.875% 30-year fixed mortgage rate and temporary buydowns to attract buyers [71][72] Question: What are the trends in Florida markets and overall inventory? - Management expressed optimism about Florida markets, particularly Orlando and Tampa, and indicated that inventory levels are being managed carefully [66][100]

Core Viewpoint - PulteGroup Inc. is expected to report its fourth-quarter 2025 results on January 29, with anticipated declines in both earnings per share (EPS) and total revenues compared to the previous year [1][2] Revenue Performance - The Zacks Consensus Estimate for PulteGroup's fourth-quarter EPS has decreased to $2.78, reflecting a 20.6% decline from the year-ago EPS of $3.50 [2] - Total revenues are projected at $4.31 billion, indicating a 12.4% year-over-year decline, primarily due to ongoing affordability challenges in the housing market and high mortgage rates [2][3] Home Closings and Segment Performance - Home closings are expected to be between 7,200 and 7,600 units, down from 8,103 units a year ago, with a predicted decline of 8.3% year over year to 7,429 units [4] - Homebuilding revenues are forecasted to decrease 12.2% year over year to $4.22 billion, while Financial Services revenues are expected to drop 4.4% to $110 million [5] Pricing and Margins - The average selling price (ASP) for the quarter is anticipated to be between $560,000 and $570,000, down from $581,000 a year ago, with a predicted decrease of 3.3% year over year to $561,700 [6] - Home sales gross margin is expected to be between 25.5% and 26%, down from 27.5% in the previous year, with SG&A expenses projected to rise to between 9.5% and 9.7% [9] Orders and Backlogs - Net new orders are expected to decline by 0.9% year over year to 6,114 units, while total backlog is projected to decrease by 15.6% to 8,572 units, with a total backlog value of $5.49 billion, down 15.5% year over year [10] Earnings Prediction - The model does not predict an earnings beat for PulteGroup this quarter, with an Earnings ESP of +2.10% and a Zacks Rank of 4 (Sell) [11]

Megatel Homes, one of the largest private homebuilding firms in Texas, is launching a new cryptocurrency to attract homebuyers by offering low mortgage rates. On Wednesday, the company announced the launch of its programme, along with a new app and cryptocurrency called the MP token via its fintech subsidiary, MegPrime. Home buyers who purchase a Megtel property and make their mortgage payments with MP tokens could qualify for a mortgage rate as low as 2.9% — far below the national average 6% for 30-yea ...

Core Viewpoint - Tri Pointe Homes, Inc. will release its financial results for Q4 2025 on February 25, 2026, and will host a conference call to discuss these results [1] Financial Results Announcement - The financial results will be released before the market opens on February 25, 2026 [1] - A conference call will take place at 7:00 AM Pacific (10:00 AM Eastern) on the same day [1] Conference Call Participation - Participants can join the call by dialing toll-free at (877) 407-3982 or (201) 493-6780 for international callers [2] - The call will be available for live streaming and related slides can be accessed on the company's website [2] Call Replay Information - A replay of the call will be available for one week at toll-free (844) 512-2921 or (412) 317-6671 for international participants, using reference number 13758464 [3] - An archive of the webcast will also be available on the company's website for a limited time [3] Company Overview - Tri Pointe Homes is one of the largest homebuilders in the U.S., operating in 12 states and the District of Columbia [4] - The company is recognized for its customer experience, innovative design, and environmentally responsible practices [4] - Tri Pointe Homes has received multiple awards, including Builder of the Year and Developer of the Year for 2024 [4] - The company is listed among the 2026 Fortune World's Most Admired Companies and has been recognized as one of the Fortune 100 Best Companies to Work For from 2023 to 2025 [4] - Tri Pointe Homes has been certified as a Great Place To Work for five consecutive years from 2021 to 2025 [4]