Author's note: I present an update my best small and mid-cap stock ideas that insiders are buying only to subscribers of my exclusive marketplace, The Insiders Forum . Our model portfolio has more than doubled the return of its benchmark, the Russell 2000, since its launch. To join our community and gain access to our market beating returns, just click HERE .The housing sector continues to be moribund, and I expect this to continue to be the case for the foreseeable future which I recently highlighted in th ...

He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/O9tdb83x5e https://t.co/O9tdb83x5e ...

Home-building companies now commonly reduce borrowers’ mortgage rates on new homes by kicking in some of the financing, but one byproduct of those efforts is that they’ve kept home prices elevated, according to Morgan Stanley https://t.co/1iQRJsJofX ...

Company’s New Jersey Division wins over a dozen awards, including Townhome Community of the Year for Middletown WalkFREEHOLD, N.J., July 10, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the Toll Brothers New Jersey division was recently honored at the Sales and Marketing Awards (SAM) presented by the New Jersey Builders Association and the Fabulous Achievements in Marketing Excellence (FAME) Awards presented by the Shore Builders Asso ...

Core Points - Toll Brothers, Inc. has been awarded the Master Plan Community of the Year for its Sereno Canyon Community in Scottsdale, Arizona, along with six Grand Awards and 18 Merit Awards at the Gold Nugget Awards [1][2][5] Group 1: Awards and Recognition - The Gold Nugget Awards recognize excellence in architectural design and planning, with entries from across the U.S. and abroad, and winners selected from over 675 submissions by industry professionals [2] - Toll Brothers received five additional Grand Awards for its projects in California, Arizona, Florida, and Nevada, showcasing its diverse portfolio [5] - The company was honored with 18 Merit Awards across various categories, including masterplan community and single-family home design [5] Group 2: Sereno Canyon Community - Sereno Canyon is located in North Scottsdale, featuring estate-size single-family homes and paired villas ranging from 2,157 to over 5,006 square feet, with prices starting at $1,197,995 [3] - The community includes a resort-style clubhouse, the Mountain House Lodge, which features modern architecture and a variety of amenities such as a lobby bar, restaurant, spa, fitness center, and pools [8] Group 3: Company Overview - Toll Brothers is a Fortune 500 company and the leading builder of luxury homes in the U.S., operating in over 60 markets across 24 states [11] - The company has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple accolades for its leadership and innovation in the home building industry [12]

Sales Performance - Sales of new single-family homes dropped 13.7% in May compared to April, totaling 623,000 units on a seasonally-adjusted, annualized basis, which is 6.3% lower than May 2024 and below both the 6-month average of 671,000 and the one-year average of 676,000 [1] - Wall Street analysts had expected May new home sales to be 695,000 according to estimates from Dow Jones [1] Mortgage Rates - The average rate on the 30-year fixed mortgage started May at 6.83%, rose to just over 7%, and settled back at 6.95% by the end of the month [2] - High mortgage rates are impacting buyer activity, limiting the potential for sales increases [3] Market Conditions - The macroeconomic environment remains challenging, with high mortgage interest rates and diminished consumer confidence affecting demand [4] - Home builders are experiencing mixed responses, with some lowering prices while others, like KB Home, are raising prices despite the overall market conditions [4] Pricing and Supply - The median price of a new home sold in May was $426,600, which is 3% higher than the previous year [5] - Slower sales have led to a significant increase in supply, with 507,000 new homes available at the end of May, representing a 9.8-month supply at the current sales rate, which is 15% higher than May 2024 [5] - This level of supply has not been seen since the summer of 2022 and has not been this high since 2009 during the subprime mortgage crisis [6]

So, where does the industry go from here amid a mixed economic picture and no near-term resolution on these tariff pressures. Let's ask John Lvalo. He's US home building analyst at UBS here with me on set, which I appreciate.It's good to see you. I mean, the number this morning was awful. It was absolutely awful.And the builders had enjoyed a little bit of a a period of outperformance because of these buy downs and so forth. Now, that doesn't seem to be working as well. It's it's not dead.So, we're not quit ...

He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/Ux1ZpLlPQk https://t.co/Ux1ZpLlPQk ...

Core Insights - Toll Brothers, Inc. reported strong second quarter results for FY 2025, with home sales revenues reaching a record $2.71 billion, exceeding guidance and reflecting the strength of its diversified luxury offerings [3][4][5] - The company reaffirmed its full-year guidance based on robust first-half results and a strong backlog, despite a softer demand environment [3][4] Financial Performance - Net income for the second quarter was $352.4 million, or $3.50 per diluted share, down from $481.6 million, or $4.55 per diluted share in the same quarter of FY 2024 [5][8] - Home sales revenues increased by 2% year-over-year, with 2,899 homes delivered, a 10% increase from the previous year [5][8] - The backlog value at the end of the quarter was $6.84 billion, down 7% from the previous year, with 6,063 homes in backlog, a 15% decrease [5][8] Margins and Costs - Home sales gross margin improved to 26.0%, compared to 25.8% in FY 2024's second quarter, while adjusted home sales gross margin was 27.5%, down from 28.2% [5][8] - Selling, general, and administrative expenses as a percentage of home sales revenues increased to 9.5% from 9.0% in the prior year [5][8] Guidance and Outlook - For the third quarter, the company expects deliveries between 2,800 to 3,000 units and an average delivered price per home of $965,000 to $985,000 [4] - Full fiscal year guidance remains at 11,200 to 11,600 units delivered, with an average delivered price of $945,000 to $965,000 [4] Cash and Capital Structure - The company ended the quarter with $686.5 million in cash and cash equivalents, down from $1.30 billion at the end of FY 2024 [19] - Stockholders' equity increased to $7.95 billion from $7.67 billion at the end of FY 2024, with a book value per share of $80.84 [19][27] Market Position and Strategy - The company maintains a positive long-term outlook for the new home market, particularly in the luxury segment, supported by favorable demographics and a housing shortage [4] - Toll Brothers continues to adapt to changing market conditions with a balanced operating platform and disciplined underwriting [4]

Core Insights - James Hardie Building Products Inc. has entered a three-year exclusive agreement with Davidson Homes to supply Hardie® siding and trim products for new housing developments across multiple states [1][2][5] Company Overview - James Hardie is recognized as the leading brand of siding in North America, specializing in fiber cement siding and exterior design solutions [2][8] - Davidson Homes, founded in 2009, is one of the fastest-growing private home builders in the U.S., with a strong presence in the Southeast and Texas, and recently expanded into Arizona [10][11] Agreement Details - The agreement will see Hardie® products become the standard for new homes built by Davidson Homes through 2028, enhancing the quality and design options available to homeowners [2][6] - This partnership aims to combine the expertise of both companies to deliver homes that are visually appealing and durable, catering to various budgets [6] Product Benefits - Hardie® siding products are non-combustible, pest-resistant, and designed to withstand water and extreme weather conditions, offering a wide range of colors and styles for diverse design preferences [4][7] - Homeowners will benefit from the trusted protection and versatile design possibilities that Hardie® products provide, enabling them to create their dream homes [4][5] Market Position - Davidson Homes ranked No. 46 on Builder magazine's 2025 Builder 100 list, achieving 1,558 closings and generating $605 million in revenue in 2024, highlighting its rapid growth and market presence [11]