New luxury townhome-style condominiums combine modern design with a low-maintenance lifestyleMILPITAS, Calif., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the grand opening of its two new model homes at Parkside West, an exclusive new condominium community by Toll Brothers in Milpitas, California. Located at 675 Trade Zone Boulevard in Milpitas, this intimate enclave of luxury three-story townhome-style condos is now open fo ...

Core Insights - Toll Brothers, Inc. has announced the upcoming launch of its luxury home community, Bridlefield - Reserve Collection, in Milton, Georgia, with sales expected to begin in spring 2026 [1][9] Group 1: Community Features - The Reserve Collection will feature three luxurious home designs, offering living spaces up to 4,675 square feet, with options for 3- to 4-car garages and basements, starting at a price of $1.4 million [3] - Homes will be built with the high-quality craftsmanship and value that Toll Brothers is known for, emphasizing luxury living [3] Group 2: Amenities and Location - Residents will have access to a range of community amenities, including a clubhouse, park, fire pit, and pool, designed for relaxation and socializing [7] - The community is strategically located near premier shopping, dining, and entertainment options in Milton, Cumming, and Crabapple, and is within the highly regarded Milton School District [6] Group 3: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been named the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies for the ninth consecutive year [11][12] - The company operates in over 60 markets across the United States, catering to various buyer segments, including first-time, move-up, active-adult, and second-home buyers [11]

As Americans struggle with high home prices and mortgage rates, an affordable housing option may be hiding in plain sight. In some areas of the country, new home builders have ample inventory, are motivated to negotiate price, and might offer lower mortgage rates. The benefits of buying a new home depend on where you live New construction homes can come in several varieties: Brand-new, recently completed ("quick move-in") homes Under-construction homes (you may have an opportunity to make some desig ...

Core Insights - Toll Brothers, Inc. has been recognized as the 1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies, marking the ninth consecutive year the company has received this accolade [1][5]. Company Overview - Toll Brothers, Inc. is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 under the symbol "TOL" [4]. - The company operates in over 60 markets across the U.S., catering to various buyer segments including first-time, move-up, active-adult, and second-home buyers [4]. - Toll Brothers also has diversified operations, including architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses [4]. Recognition and Impact - The recognition as the 1 Home Builder reflects the company's commitment to excellence over nearly 60 years in the luxury home building sector [3]. - The 2026 survey conducted by Fortune and Korn Ferry involved 685 high-revenue companies across 51 industries and 29 countries, assessing companies on nine criteria including investment value, management quality, and social responsibility [2]. - The acknowledgment from Fortune highlights the company's ability to innovate and lead in a rapidly changing business environment, particularly with advancements in technology such as AI [3].

Tyler Crowe: Three investing predictions to get 2026 started. This is Motley Fool Money. Welcome to Motley Fool Money. I'm Tyler Crowe, and today I'm joined by longtime Fool contributors, Matt Frankel and Jon Quast. Now, between the holidays and some ill time seasonal illnesses, the three of us haven't really been together for some time to record this podcast. We've all had some time to reflect as we've been thinking about investing in 2026 and maybe some of the themes and predictions we expect in the comin ...

Company Earnings Reports - 3M (MMM) reported Q4 earnings of $1.83 per share, slightly beating the Zacks consensus by $0.01, but revenues of $6.0 billion fell short of estimates of $6.08 billion, marking the 12th consecutive earnings beat, with both earnings and sales up year over year, yet shares are down -3.75% [4] - D.R. Horton (DHI) reported earnings of $2.03 per share, exceeding expectations of $1.95, and revenues of $6.89 billion surpassed estimates of $6.71 billion, indicating positive signs for the U.S. housing market, although shares are down -5.5% [5] - Fifth Third Bank (FITB) reported earnings of $1.12 per share and revenues of $2.34 billion, both outperforming expectations of $1.00 per share and $2.32 billion, marking 12 consecutive earnings beats, with shares down -1.5% but up +9% over the past year [6] Market Overview - Pre-market futures are declining due to global economic concerns, with the Dow down -700 points, S&P 500 down -106 points, and Nasdaq down -460 points, while bond yields have risen to +4.3% on the 10-year and +3.6% on the 2-year [3] - The upcoming earnings reports from Netflix (NFLX) and United Airlines (UAL) are anticipated, with NFLX expected to show +27.9% earnings growth year over year and UAL expected to report -8.6% earnings growth [7]

Group 1 - The increase in the 10-year Treasury yield is leading to higher mortgage rates, negatively impacting home-building related stocks [1] - The iShares U.S. Home Construction ETF experienced a 1.5% decline, marking its largest percentage drop since January 7 [1] - Major home builders such as D.R. Horton reported flat earnings, while Lennar and PulteGroup saw declines of 0.8% and 1.5% respectively [1] Group 2 - Builder stocks had previously benefited from optimism due to a decline in mortgage rates earlier in the month [2] - This decline in mortgage rates was influenced by a statement from President Donald Trump regarding Fannie Mae and Freddie Mac purchasing mortgage-backed securities [2]

Financial Data and Key Metrics Changes - The company reported consolidated pre-tax income of $798 million on revenues of $6.9 billion, with a pre-tax profit margin of 11.6% [5] - Earnings per diluted share were $2.03, down from $2.61 in the prior year quarter [9] - Net income for the quarter was $595 million, with home sales revenues of $6.5 billion from 17,818 homes closed, compared to $7.1 billion from 19,059 homes closed in the prior year quarter [9][10] - The gross profit margin on home sales revenues was 20.4%, up 40 basis points sequentially [11] Business Line Data and Key Metrics Changes - Net sales orders increased by 3% year-over-year to 18,300 homes, while order value remained unchanged at $6.7 billion [10] - The average price of net sales orders was $364,000, flat sequentially and down 2% from the prior year quarter [10] - The company started 18,500 homes in the December quarter, up 27% sequentially [14] Market Data and Key Metrics Changes - 64% of the mortgage company's closings were to first-time home buyers [8] - The average closing price for the quarter was $365,500, which is approximately $135,000 lower than the average sales price of new homes in the U.S. [9] Company Strategy and Development Direction - The company is focused on capital efficiency to generate strong operating cash flows and deliver returns to shareholders, having returned $4.4 billion through repurchases and dividends over the past 12 months [7] - The strategy includes tailoring product offerings and sales incentives based on demand in each market to maximize returns [8] - The company aims to maintain a balanced approach to growth, focusing on community count and market share while managing margins [90] Management's Comments on Operating Environment and Future Outlook - Management noted that new home demand is impacted by affordability constraints and cautious consumer sentiment, but they are responding with discipline [5] - The company expects consolidated revenues for the second quarter to be in the range of $7.3 billion to $7.8 billion, with homes closed expected to be between 19,700 and 20,200 [21] - Management expressed confidence in their positioning for the spring selling season, noting that lower mortgage rates have spurred some activity [40][94] Other Important Information - The company generated $3.6 billion of cash from operations over the past 12 months and has a strong balance sheet with low leverage [7][19] - The company’s capital allocation strategy is disciplined, with plans for $2.5 billion in common stock repurchases and around $500 million in dividend payments for the year [18][21] Q&A Session Summary Question: Inquiry about SG&A expenses - Management stated that SG&A expenses were slightly down year-over-year in absolute dollars, but the ratio increased due to lower closings [25] Question: Community count growth expectations - Management expects community count growth to continue but may drift down to mid-single to high-single digit range [31] Question: Impact of lower mortgage rates on demand - Management noted that lower rates have historically spurred activity in sales offices, but it is too early to determine the full impact [50] Question: Warranty costs and their impact on gross margins - Management indicated that warranty recovery was unexpected but beneficial, and they expect warranty costs to normalize going forward [56] Question: Land market conditions - Management observed that while there hasn't been significant capitulation in the raw land market, there have been rational conversations with land developers [46] Question: Balance between volume and margin - Management emphasized a balanced approach, focusing on maximizing returns while responding to market conditions [90]

Financial Data and Key Metrics Changes - The company reported consolidated pre-tax income of $798 million on revenues of $6.9 billion, with a pre-tax profit margin of 11.6% [5] - Earnings per diluted share were $2.03, down from $2.61 in the prior year quarter [9] - Net income for the quarter was $595 million, with home sales revenues of $6.5 billion from 17,818 homes closed, compared to $7.1 billion from 19,059 homes closed in the prior year quarter [9][10] - The gross profit margin on home sales revenues was 20.4%, up 40 basis points sequentially [11] Business Line Data and Key Metrics Changes - Net sales orders increased by 3% year-over-year to 18,300 homes, while order value remained unchanged at $6.7 billion [10] - The average price of net sales orders was $364,000, flat sequentially and down 2% from the prior year quarter [10] - The company started 18,500 homes in the December quarter, up 27% sequentially [14] Market Data and Key Metrics Changes - 64% of mortgage company closings were to first-time home buyers, indicating a focus on affordable housing [8] - The average closing price for the quarter was $365,500, which is approximately $135,000 lower than the average sales price of new homes in the U.S. [9] Company Strategy and Development Direction - The company is focused on capital efficiency to generate strong operating cash flows and deliver returns to shareholders, having returned $4.4 billion through repurchases and dividends over the past 12 months [7] - The strategy includes tailoring product offerings and sales incentives based on market demand to maximize returns [8] - The company aims to maintain a balanced approach to growth, focusing on community count and market share while managing costs [22] Management's Comments on Operating Environment and Future Outlook - Management noted that new home demand is impacted by affordability constraints and cautious consumer sentiment, but they are responding with discipline [5] - The company expects consolidated revenues for the second quarter to be in the range of $7.3-$7.8 billion and homes closed to be between 19,700-20,200 [21] - Management expressed confidence in their ability to adapt to market conditions and enhance long-term value [22] Other Important Information - The company generated $3.6 billion in cash from operations over the past 12 months and has a strong balance sheet with low leverage [7][19] - The company’s capital allocation strategy is disciplined, with a focus on maintaining leverage around 20% over the long term [19] Q&A Session Summary Question: Inquiry about SG&A expenses - Management stated that SG&A expenses were slightly down year-over-year in absolute dollars, but the ratio increased due to lower closings [25] Question: Community count growth expectations - Management expects community count growth to continue but may drift down to mid-single to high-single digit range [31] Question: Impact of incentives on gross margins - Management confirmed that incentives increased throughout the quarter, impacting gross margins for the second quarter [82] Question: Demand trends with lower mortgage rates - Management noted a pickup in demand as rates hover around 6%, but it is too early to determine the trajectory for the spring selling season [50] Question: Land market conditions - Management indicated that while there is no significant capitulation in the raw land market, there have been rational conversations with land development partners [47]

Financial Data and Key Metrics Changes - D.R. Horton reported consolidated pre-tax income of $798 million on revenues of $6.9 billion, with a pre-tax profit margin of 11.6% for Q1 2026 [4] - Earnings per diluted share decreased to $2.03 from $2.61 in the prior year quarter, with net income of $595 million [7] - Home sales revenues were $6.5 billion from 17,818 homes closed, down from $7.1 billion from 19,059 homes closed in the prior year quarter [7][8] - The average closing price for homes was $365,500, flat sequentially but down 3% year over year [8] Business Line Data and Key Metrics Changes - Net sales orders increased by 3% year over year to 18,300 homes, while order value remained unchanged at $6.7 billion [10] - The gross profit margin on home sales revenues was 20.4%, up 40 basis points sequentially, primarily due to a recovery of prior-period warranty costs [11] - Home building SG&A expenses decreased by 1% year over year, but as a percentage of revenues, it increased to 9.7% from 8.9% in the prior year quarter [12] Market Data and Key Metrics Changes - 64% of mortgage company closings were to first-time home buyers, indicating a focus on affordable housing [6] - The average number of active selling communities increased by 2% sequentially and 12% year over year [10] - The company ended the quarter with 30,400 homes in inventory, of which 20,000 were unsold [14] Company Strategy and Development Direction - D.R. Horton is focused on capital efficiency to generate strong operating cash flows and deliver returns to shareholders, with $3.6 billion generated from operations over the past 12 months [5] - The company aims to tailor product offerings and sales incentives based on demand in each market to maximize returns [6] - The strategy includes managing investments in lots, land, and development based on current market conditions, with a focus on relationships with land developers [15] Management's Comments on Operating Environment and Future Outlook - Management noted that new home demand is impacted by affordability constraints and cautious consumer sentiment, but they are responding with discipline [4] - The company expects consolidated revenues for Q2 2026 to be in the range of $7.3-$7.8 billion and homes closed to be between 19,700-20,200 [24] - For the full year, the company anticipates consolidated revenues of approximately $33.5-$35 billion and homes closed to be in the range of 86,000-88,000 [25] Other Important Information - D.R. Horton repurchased 4.4 million shares for $670 million and paid cash dividends of $0.45 per share, totaling $132 million [21] - The company has a strong balance sheet with $6.6 billion of consolidated liquidity and plans to maintain leverage around 20% over the long term [22] Q&A Session Summary Question: Inquiry about SG&A expenses - Management stated that SG&A was in line with expectations and attributed the increase to lower closings, but they expect it to stabilize over the year [28][29] Question: Capital allocation and cash flow expectations - Management confirmed that cash flow expectations remain reasonable, with a target of over $3 billion for the year [32] Question: Community count growth and future expectations - Management expects community count growth to continue but may drift down to mid-single to high-single digit range [35] Question: Warranty costs impact on gross margin - Management indicated that warranty recovery was unexpected but beneficial, and they expect warranty costs to normalize going forward [59][61] Question: Demand trends and inventory levels - Management noted that demand remains strong despite low job growth, and inventory levels are more balanced compared to the previous year [97][91]