WINDERMERE, Fla., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the upcoming opening of its new Saddlecrest at Windermere community in Windermere, Florida. This exclusive Orlando-area community will feature luxury single-family homes situated on up to half-acre home sites, many with water views and direct access to Lake Roberts. Construction is underway on the new Toll Brothers model home, and the community is expected to open ...

BELLEVUE, Wash., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Seattle-area community, Enclave at Kelsey Creek, is coming soon to Bellevue, Washington. This boutique Toll Brothers neighborhood will include only 11 sophisticated, greenbelt homes in the esteemed Bellevue School District. Home construction is underway, and the community is anticipated to open for sale in spring 2025. Enveloped by 17 acres of green spac ...

FORT WORTH, Texas, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, announced the opening of a new phase of home sites in Wildflower Ranch, a master-planned community with world-class amenities and beautiful natural landscapes in Fort Worth, Texas. New Toll Brothers home sites are now available for sale in both the Elite Collection and Select Collection within Wildflower Ranch with pricing starting from the upper $300,000s to the low $500,000s. ...

New luxury townhome community will offer master-plan amenities, multigenerational living suites, rooftop terraces, and private elevator optionsLAS VEGAS, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced that it will be opening a new community, Raven Crest, in the highly sought-after Summerlin area of Las Vegas, Nevada. This exclusive neighborhood will offer three- and four-story townhome designs with front entry courtyards, cover ...

FRANKLIN, Tenn., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced Franklin Ridge, a highly anticipated new Nashville-area community, is coming soon to Franklin, Tennessee. Construction of the model home and Sales Center will begin in summer 2025, with sales expected to commence later in the year. Conveniently located near the McEwen Interstate 65 interchange, Franklin Ridge will feature 34 spacious single-family home sites with b ...

LYNNFIELD, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated groundbreaking at its newest luxury home community, Willis Brook at Lynnfield, located in Lynnfield, Massachusetts. The groundbreaking ceremony was held on Thursday, January 2 together with officials and residents of the town of Lynnfield. The community, located at 1301 Main Street, is expected to open for sales in summer 2025. Known for its ...

In the latest market close, Toll Brothers (TOL) reached $126.45, with a -1.39% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.49%.Prior to today's trading, shares of the home builder had lost 22.17% over the past month. This has lagged the Construction sector's loss of 10.86% and the S&P 500's gain of 0.4% in that time.The upcoming earnings release of Toll B ...

CANTON, Ga., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the highly anticipated release of new home sites at Aurora Ridge at Great Sky, a new community of luxury homes and future onsite amenities in Cherokee County, Georgia. Home buyers are invited to visit the Toll Brothers Sales Center, located at 1001 Winding Branch Drive in Canton, to tour the professionally decorated model home and learn more about the available home si ...

Financial Performance - In fiscal year 2024, the company signed net contracts worth $10.07 billion for 10,231 homes, compared to $7.91 billion for 8,077 homes in fiscal year 2023, and $9.07 billion for 8,255 homes in fiscal year 2022[50]. - The backlog at October 31, 2024, was $6.47 billion, representing 5,996 homes, with approximately 97% expected to be delivered by October 31, 2025[81]. - The company experienced a loss before income taxes of $204.6 million in fiscal 2024, compared to a loss of $142.4 million in fiscal 2023[101]. Land and Home Sites - As of October 31, 2024, the company owned 11,268 home sites and controlled an additional 31,863 through options and purchase agreements, totaling 43,131 planned home sites[42]. - The company acquired control of approximately 14,900 home sites in fiscal 2024, compared to 4,200 in fiscal 2023, with a total of approximately 74,700 home sites controlled as of October 31, 2024[68]. - The aggregate purchase price of land parcels under option and purchase agreements was approximately $6.10 billion as of October 31, 2024, with $549.2 million paid or deposited[70]. Construction and Development - The company has 3,526 spec homes in its communities, with 2,664 under construction and 862 completed as of October 31, 2024[62]. - The company expects to pay an additional $5.55 billion for land parcels over the next several years, with some option contracts written off or written down[44]. - The company controlled 67 land parcels for rental projects, containing approximately 21,300 units, with investments totaling $549.2 million in 40 Rental Property Joint Ventures[99]. Financing and Mortgage - The average cash down payment from home buyers in fiscal year 2024 was approximately 8% of the total purchase price of a home[50]. - The company had commitments to fund $1.84 billion of mortgage loans as of October 31, 2024, with $168.8 million of these loans having locked-in interest rates[53]. - The gross capture rate for mortgage financing increased to 38.0% in fiscal 2024 from 32.5% in fiscal 2023[90]. - A 1% increase in interest rates would increase the interest incurred by approximately $9.1 million per year based on the variable-rate debt outstanding as of October 31, 2024[695]. Market Position and Strategy - The company believes that the demographics supporting the luxury and affordable luxury markets will provide growth opportunities in the future[59]. - The company competes primarily on price, location, design, quality, service, and reputation in a highly competitive home building market[54]. - The company has not made any acquisitions in fiscal years 2024 and 2023, focusing instead on expanding its footprint through existing operations[37]. Investments and Commitments - The company had investments of $1.01 billion in unconsolidated entities as of October 31, 2024, with additional funding commitments of up to $312.8 million[94]. - The company had $388.6 million invested in Land Development Joint Ventures, with funding commitments of $243.0 million to six of these ventures[83]. Leadership and Governance - Douglas C. Yearley, Jr. has been with the company since 1990 and became CEO in June 2010, later appointed Chairman of the Board in November 2018[700]. - The company has an insider trading policy that applies to all personnel and is designed to comply with applicable laws and regulations[702]. - The information regarding executive compensation will be included in the 2025 Proxy Statement[704].

CAMAS, Wash., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Camas Meadows Crossing, is coming soon to the intersection of Northwest Payne Street and Northwest Camas Meadows Drive in Camas, Washington. Site work and construction of the first homes is underway, and the community is anticipated to open for sale in spring 2025. Located in the esteemed Camas School District, Camas Meadows Crossing offers home ...