CARY, N.C., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced limited opportunities remain to build a new Toll Brothers home in its prestigious Millstone community located in Cary, North Carolina. Only eight home sites remain available in this luxury community in sought-after Cary, an area known for being the perfect blend of small-town charm and metropolitan convenience. Expansive home designs feature unique architectural design ...

Market Overview - The U.S. stock market is experiencing a notable pullback, with major indexes extending losses for a third consecutive session, driven by profit-taking and concerns over equity valuations [1][2] - Afternoon trading reflects a cautious mood as market participants digest economic data and corporate news [1] Market Indexes Performance - The Dow Jones Industrial Average (DJIA) was down approximately 0.2%, or 76 points, closing at 46,121.28 [2] - The S&P 500 (SPX) slipped between 0.4% and 0.7%, heading towards its longest slide in over a month, after falling to 6,637.97 [2] - The Nasdaq Composite (IXIC) traded 0.3% to 0.7% lower, following a dip to 22,497.86 [2] Sector Performance - Mixed performance across sectors, with profit-taking evident in the technology segment; seven out of 11 sectors in the S&P 500 ended in negative territory [3] - The Energy Select Sector SPDR (XLE) advanced 1.3%, while the Materials Select Sector SPDR (XLB) and Real Estate Select Sector SPDR (XLRE) saw declines of 1.2% and 1%, respectively [3] Copper Market Impact - A surge in copper prices is noted after Freeport-McMoRan declared force majeure on supplies from its Grasberg mine due to a fatal mudslide, causing copper prices to rise by 1.1% [4] - Shares of copper producers like Anglo-American and Glencore saw gains due to this supply disruption [4] Homebuilders Performance - Homebuilders like Lennar (LEN) and D.R. Horton (DHI) are experiencing gains, attributed to a 20.5% surge in U.S. sales of new homes in August 2025, reaching an annual rate of 800,000 units [5] Upcoming Economic Data - Key U.S. inflation data (PCE) is anticipated, which could significantly influence market direction [6] - Weekly jobless claims data and the latest GDP estimate are also set to be released, providing insights into the labor market and economic health [6] Federal Reserve Commentary - Federal Reserve Chair Jerome Powell's remarks on equity prices being "fairly highly valued" and a measured approach to interest rate cuts continue to weigh on investor sentiment [7] - Stronger-than-expected economic reports may reduce the urgency for aggressive rate reductions [7] Corporate Earnings Reports - Notable companies like Costco Wholesale (COST), Accenture (ACN), and CarMax (KMX) are scheduled to report fiscal fourth-quarter results, which will be closely watched for insights into consumer spending [8][9] Individual Stock Movements - Technology stocks, particularly in the AI space, are facing profit-taking; Nvidia (NVDA) shares fell 0.8% and Oracle (ORCL) fell 1.7% due to valuation concerns [10] - Intel (INTC) shares rose over 5% on news of seeking investment from Apple, while IBM (IBM) rose more than 5% following positive trial results using its quantum computing technology [11] - Starbucks (SBUX) shares slipped almost 1% due to layoffs and store closures, while CarMax (KMX) tumbled 19.8% after reporting weaker-than-expected profits [12] - Lithium Americas (LAC) soared 95.8% on reports of potential U.S. government investment in its lithium project [13] Market Environment - The market is navigating a complex environment characterized by a resilient economy, cautious Federal Reserve, and re-evaluation of high-growth stock valuations [14]

Core Viewpoint - KB Home is facing challenges due to high mortgage rates and affordability issues, impacting demand and profit margins, while RBC Capital maintains a "Sector Perform" rating with a slight increase in price target from $58 to $59 [2][6]. Company Overview - KB Home is a significant player in the homebuilding industry, constructing various homes across the United States, competing with major builders like Lennar and D.R. Horton [1]. - The current stock price of KB Home is $63.69, reflecting a modest increase of 2.09% or $1.31 [3]. Market Conditions - High mortgage rates and affordability issues are particularly affecting first-time buyers, leading to a squeeze in profit margins for KB Home [2][6]. - The company's backlog is shrinking, and it is exposed to weaker geographic markets, raising concerns about its future performance [3]. Financial Performance - KB Home's reduced sales guidance suggests potential performance softness through 2026, with a need for mortgage rates to fall below 6% for significant improvement [3][5]. - The company has a market capitalization of approximately $4.33 billion, with trading volumes reflecting investor interest at 402,730 shares [4]. Strategic Measures - To mitigate the impact of current challenges, KB Home is implementing cost control measures and stock buybacks [4][6]. - Over the past year, KB Home's stock has experienced significant volatility, with a high of $86.73 and a low of $48.90, indicating both challenges and opportunities in the housing market [5].

Core Insights - Tri Pointe Homes is set to begin sales on September 27 at its new McCormick Trails community in Port Orchard [1] - The community will feature 30 single-family homes designed with a focus on innovative design and customer experience [1] - McCormick Trails is located in a neighborhood surrounded by 21 acres of protected natural space, enhancing the appeal of the homes [1]

Core Insights - The real estate market experienced a significant increase in new home sales, rising 20.5% to an annualized rate of 800,000 units, the highest level since January 2022 [1] - Despite the surge in sales, analysts caution that this may be a temporary spike due to homebuilders offering discounts to manage oversupply [2] Sales and Inventory - The increase in demand led to a reduction in new home inventory, which fell to 490,000 units, the lowest level this year [3] - A notable 39% of homebuilders reported price cuts in September, an increase from 37% in August, indicating a sustained effort to attract buyers through discounts [3] Market Trends and Economic Indicators - New homes account for approximately 14% of total US home sales, and month-to-month data can be volatile, making it premature to declare a recovery in the housing market [4] - The 30-year mortgage rate has decreased to 6.26%, the lowest in 11 months, which is favorable for buyers, but high housing prices and a softening labor market remain concerns [4] - Analysts suggest that a significant decline in long-term interest rates is necessary to further stimulate demand in the housing market [4] - If the housing market recovers, it could positively impact overall economic growth and reduce the likelihood of a recession, benefiting risk assets in a non-recessionary rate-cutting cycle [4]

Core Points - Tri Pointe Homes, Inc. will release its financial results for Q3 2025 on October 23, 2025, before market opens [1] - A conference call to discuss the results will be held at 7:00 AM Pacific (10:00 AM Eastern) on the same day, hosted by key executives [1] - The company is recognized as one of the largest homebuilders in the U.S., operating in 12 states and the District of Columbia [4] Company Overview - Tri Pointe Homes is a publicly traded company known for its customer experience, innovative design, and environmentally responsible practices [4] - The company has received multiple awards, including Builder of the Year and Developer of the Year for 2024 [4] - It has been listed among the Fortune 100 Best Companies to Work For® in 2023 and 2025, and recognized as a Great Place To Work-Certified™ for five consecutive years [4]

Core Viewpoint - The article emphasizes the importance of contrarian investment strategies based on macroeconomic views and specific stock turnaround stories to achieve significant returns with a favorable risk/reward profile [1]. Group 1 - The author has over fifteen years of experience in making contrarian bets [1]. - The focus is on identifying potential investment opportunities through macro views and company-specific analyses [1]. - The article invites readers to request coverage on specific stocks or ask questions related to investment [1].

Group 1 - The article does not provide any specific information or data regarding companies or industries [1]

Group 1 - The article does not provide any specific content or data related to a company or industry [1]

Trade Policy Developments - The U.S. administration has initiated investigations under Section 232 of the Trade Expansion Act, targeting imports of robotics, industrial machinery, and medical devices, which could lead to new tariffs ranging from 10% to 25% [3][6] - Companies like Intuitive Surgical (ISRG) have acknowledged these tariffs as a "material risk" to their 2025 earnings, potentially impacting healthcare costs and global supply chains [3][6] Monetary Policy Insights - Federal Reserve Bank of San Francisco President Mary Daly indicated that the U.S. economy still requires monetary support, with inflation moderate at around 2.4-2.5% excluding tariffs, while cautioning against further rate cuts [4][6] Housing Market Trends - KB Home (KBH) has revised its full-year 2025 revenue forecast downward to between $6.30 billion and $6.50 billion, citing a weaker-than-expected spring selling season and declining consumer confidence [5][6] Banking Sector Movements - Citigroup (C) has agreed to sell a 25% equity stake in its Mexican retail banking unit, Banamex, to local businessman Fernando Chico Pardo, marking progress in its divestiture strategy [7][6] Geopolitical Commentary - Brazilian President Luiz Inácio Lula da Silva emphasized the need for global cooperation and condemned the situation in Gaza, while also praising China's energy transition efforts [8][6]