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Toll Brothers at Elk Ridge Community Opens in Southern Utah County
Globenewswire· 2025-07-14 17:53
Core Insights - Toll Brothers, Inc. has launched a new luxury home community named Toll Brothers at Elk Ridge in southern Utah County, offering exclusive living with stunning views [1][2] - The community features single-family homes with sizes ranging from approximately 4,030 to over 5,889 square feet, with prices starting from the upper $800,000s [4] Company Overview - Toll Brothers, Inc. is recognized as 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, providing a diverse range of housing options for various buyer segments [8] - Toll Brothers has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years and receiving Builder of the Year awards [9]
X @Forbes
Forbes· 2025-07-12 00:10
He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/u4MTTVOKYJ https://t.co/u4MTTVOKYJ ...
Crystal Creek by LGI Homes Brings Premium Townhome Living to Spring Hill, TN
Globenewswire· 2025-07-11 20:30
Core Insights - LGI Homes, Inc. has launched its new community, Crystal Creek, in the Nashville market, featuring townhomes with included upgrades and convenient access to local amenities [1][2]. Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its inception in 2003 [6]. - The company is recognized for its quality construction and exceptional customer service, earning accolades such as being named to Newsweek's list of the World's Most Trustworthy Companies [6]. Community Features - Crystal Creek offers two-story townhomes with three bedrooms and two-and-a-half bathrooms, ranging from 1,794 to 1,952 square feet [4][11]. - Homes are equipped with the CompleteHome Plus™ package, featuring upgraded amenities at no additional cost, including chef-ready kitchens with Whirlpool® appliances and smart-home technology [4]. - The community includes various amenities such as parks, multi-purpose fields, and shaded walking trails connecting to the City of Spring Hill Greenway [3]. Pricing and Availability - Move-in ready homes in Crystal Creek start in the mid-$400s, with potential buyers encouraged to schedule appointments or visit the information center [5].
X @Forbes
Forbes· 2025-07-11 17:10
He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/4kc4dUrFxL https://t.co/4kc4dUrFxL ...
Toll Brothers Announces Final Opportunity to Own a New Luxury Townhome at its Rollingdale Community in Durham, North Carolina
Globenewswire· 2025-07-11 15:35
Core Insights - Toll Brothers, Inc. announced the final opportunity to purchase new homes at Rollingdale, a luxury townhome community in Durham, North Carolina, with only nine homes remaining for sale [1][2] 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] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of housing options for different buyer segments [6][7] - Toll Brothers has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple awards for excellence in the industry [8] Product Offering - Rollingdale features modern townhome designs with 4 bedrooms, 3.5 bathrooms, and 2-car garages, priced from the upper $400,000s [2] - The community provides low-maintenance living with lawn care included, appealing to buyers seeking convenience [2] Location and Accessibility - Rollingdale is strategically located near outdoor recreation, shopping, and dining options, just minutes from The Streets at Southpoint [4] - The community offers easy access to major commuter routes, including Interstate 40, facilitating travel to Research Triangle Park, downtown Raleigh, and local universities [4]
Toll Brothers Announces New Luxury 55+ Townhome Community Coming Soon to Danbury, Connecticut
Globenewswire· 2025-07-11 15:30
Core Insights - Toll Brothers, Inc. is launching a new 55+ community named Rivington by Toll Brothers - The Meadows Collection in Danbury, Connecticut, with sales expected to begin in late summer 2025 [1][5] Group 1: Community Features - The Meadows Collection will offer townhomes ranging from 2,594 square feet with 3 to 4 bedrooms, including first-floor primary suites and optional finished basements, with prices starting from the upper $700,000s [2] - Residents will have access to a 15,000-square-foot clubhouse, outdoor pools, an indoor lap pool, walking trails, and sports courts for bocce, tennis, and pickleball [3] Group 2: 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] - 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, including Builder of the Year [9]
Bear of the Day: KB Home (KBH)
ZACKS· 2025-07-11 11:10
Core Insights - KB Home is experiencing significant challenges due to higher mortgage rates and economic uncertainty, leading to a projected double-digit decline in earnings for the fiscal year [1] - The company reported a revenue drop to $1.53 billion in fiscal Q2 2025, down from $1.71 billion a year ago, with homes delivered falling 11% to 3,120 [2] - Adjusted gross profit margin decreased to 19.7% from 21.2% year-over-year, impacted by price reductions, higher land costs, and reduced operating leverage [3] Financial Performance - KB Home's fiscal Q2 2025 earnings beat the Zacks Consensus Estimate by $0.05, reporting $1.50 compared to the consensus of $1.45 [2] - The company is guiding a full-year gross profit margin of 19% to 19.4%, lower than previous years, with analysts cutting earnings estimates for fiscal 2025 to $6.55, a decline of 22.5% from $8.45 last year [6] - For fiscal 2026, the Zacks Consensus Estimate has decreased to $6.86 from $7.64, indicating a modest earnings growth of 4% [7] Strategic Adjustments - In response to market conditions, KB Home is scaling back on land acquisitions, with investments in land and land development falling 23% to $513.9 million [4] - The company repurchased $200 million in stock at an average price of $54, reflecting a strategy to leverage its cheap stock price [4] - KB Home maintains a total liquidity of $1.19 billion, including $308.9 million in cash, and continues to pay a dividend with a yield of 1.80% [5] Market Sentiment - Shares of KB Home have retreated in 2025 due to tough housing market conditions, although they recently bounced off lows as mortgage rates fell [10][12] - The forward price-to-earnings (P/E) ratio stands at 8.5, indicating the stock is considered cheap, typically associated with a P/E ratio under 10 [12] - There is cautious optimism regarding a potential recovery in earnings, contingent on gross profit margins rising above 20% [13]
Toll Brothers Announces Gregg Ziegler to Succeed Marty Connor as CFO
Globenewswire· 2025-07-10 20:30
Core Viewpoint - Toll Brothers, Inc. announces the appointment of Gregg Ziegler as the new Chief Financial Officer, succeeding Marty Connor, effective at the end of the fiscal year on October 31, 2025. Connor will remain as a senior advisor for one year to ensure a smooth transition and provide strategic support [1][2][3]. Company Overview - Toll Brothers, Inc. is a leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986. The company operates in over 60 markets across 24 states and serves various buyer segments, including first-time and second-home buyers [5][6]. - 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, including Builder of the Year [6]. Leadership Transition - Gregg Ziegler, who has been with Toll Brothers for 23 years, will report directly to Chairman and CEO Douglas C. Yearley, Jr. and will oversee multiple functions including accounting, treasury, finance, tax, investor relations, risk management, internal audit, mortgage, title, and IT [2][4]. - Ziegler has held various roles within the company, including Senior Vice President and Treasurer, and has extensive experience in investor relations and corporate strategy [4].
Lennar Celebrates the Grand Opening of Seaton Creek Amenity Center
Prnewswire· 2025-07-10 17:00
Core Insights - Lennar has announced the grand opening of the Seaton Creek Amenity Center, enhancing the community's appeal and lifestyle [1][5] - The Seaton Creek Carnival will celebrate the opening with family-friendly activities, allowing potential buyers to explore new amenities and homes [3][5] Company Overview - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various segments, including affordable and active adult homes [7] - The company also provides mortgage financing and develops multifamily rental properties, showcasing a diversified business model [7] Community Features - The Seaton Creek Amenity Center includes a resort-style pool, fitness center, clubhouse, sports courts, and outdoor pavilion, designed to enhance residents' quality of life [2][4] - Homes in Seaton Creek are priced starting in the $300,000s, with sizes ranging from approximately 1,700 to 2,570 square feet, featuring three to five bedrooms and two to three bathrooms [5][6] Location Advantages - Seaton Creek is strategically located in North Jacksonville, providing residents with easy access to local shopping, dining, and nature trails, while being close to Jacksonville International Airport [6]
Century Communities Launches Sales at Windler in Aurora, CO
Prnewswire· 2025-07-10 15:35
Company Overview - Century Communities, Inc. is one of the nation's largest homebuilders, operating in 17 states and over 45 markets across the U.S. [5][7] - The company is recognized for its online homebuying experience and has been consecutively awarded as one of America's Most Trustworthy Companies by Newsweek for three years [7]. Product Offerings - Century Communities offers four distinct floor plan collections at Windler: The Boulevard I Collection, The Boulevard II Collection, The Haven Collection, and The Contemporary Collection, featuring modern layouts and smart home technology [2][5]. - Homes range from 1,305 to 2,365 square feet and include amenities such as a community center, pool, parks, trails, and more [5]. Location and Accessibility - Windler is strategically located on the edge of east Denver and Aurora, providing quick access to Denver International Airport, downtown Denver, and major employment hubs [3]. Online Homebuying Process - The company has pioneered an online homebuying process that allows customers to shop for homes, fill out forms, and electronically sign contracts [4][6].