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Toll Brothers, Inc. (NYSE: TOL) is the premier luxury homebuilder in the United States, renowned for crafting upscale residential communities in desirable locations. Established in 1967 and headquartered in Horsham, Pennsylvania, Toll Brothers has expanded its operations across 24 states, offering a diverse range of homes that cater to first-time buyers, move-up buyers, empty-nesters, active adults, and those seeking second homes. The company’s homes stand out for their distinctive designs, high-quality craftsmanship, and attention to detail.
Toll Brothers operates in over 60 markets nationwide and has a robust portfolio that includes single-family homes, townhomes, and for-rent properties. The company is also a leader in developing master-planned communities that feature amenities such as golf courses, parks, and trails, enhancing the lifestyle of its residents. With its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries, Toll Brothers provides a one-stop shopping experience for homebuyers.
Recent projects highlight Toll Brothers' commitment to luxury and innovation. For instance, The Enclave at The Woodlands in Texas offers 12 sophisticated designs with open-concept floor plans and modern architecture, priced from the mid-$600,000s. In Virginia, the Dominion Valley Country Club – The Towns Collection features luxury townhomes with resort-style amenities like multiple pools, a fitness center, and an Arnold Palmer Signature Golf Course, priced from the low $800,000s.
Toll Brothers has consistently been recognized for its excellence in homebuilding. In 2024, the company celebrated its 10th consecutive year on the Fortune World's Most Admired Companies™ list and has been named Builder of the Year by both Builder magazine and Professional Builder magazine. Toll Brothers’ commitment to quality and customer satisfaction is evident in every community it develops.
Financially, Toll Brothers continues to perform strongly, driven by robust demand in the luxury housing market. The company's strategic partnerships and innovative projects position it well for future growth. For more information, visit TollBrothers.com.
Toll Brothers (NYSE:TOL) has announced a new luxury home community, Meadowlark, coming soon to Murfreesboro, Tennessee. The development will offer both single-family homes and townhomes, ranging from 1,869 to 2,268+ square feet, with 3 to 4 bedrooms and 2 to 3 bathrooms. Prices start from the upper $400,000s for townhomes and the upper $500,000s for single-family homes.
Located near Clari Park and within walking distance of The Avenue, Meadowlark offers residents a blend of tranquil living and easy access to urban amenities. The community will feature walking trails and a neighborhood pavilion. Homeowners will benefit from included lawn care and trash removal services. The development is situated near major commuter routes and is part of the Rutherford County School District.
Toll Brothers (NYSE:TOL) has announced a new luxury home community, Hearthfield, coming to Royersford, Pennsylvania. The community will feature 54 single-family homes on cul-de-sacs, with sales expected to begin in early 2025. Homes will range from 3,029 to 3,672+ square feet with 4 to 5 bedrooms, 3.5 to 5.5 bathrooms, and two-car garages. Located in the Spring-Ford Area School District near Collegeville, Hearthfield offers proximity to commuter routes and urban amenities. Buyers can personalize their homes at Toll Brothers' new Design Studio in Fort Washington. This development adds to Toll Brothers' existing communities in Montgomery County.
Toll Brothers (NYSE:TOL) announces a new luxury condominium community, Commonwealth Place at Westfields - The Belle Haven Collection, coming to Chantilly, Virginia in late fall 2024. The community will feature townhome-style luxury condos ranging from 1,342 to 1,767+ square feet, with prices starting from the upper $500,000s. Located near Westfields Center, the development offers one- and two-story designs with two bedrooms, open concept layouts, balconies, and 2-car tandem garages.
Chantilly was recently named among the top three 2024 Best Places to Live for Families by Fortune magazine. The community boasts proximity to highly ranked schools, Dulles International Airport, and major transportation routes. Residents will enjoy a low-maintenance lifestyle with included services like snow removal and lawn mowing.
Toll Brothers (NYSE:TOL) has announced the development of Oaks at Randolph, a new luxury townhome community in Randolph, New Jersey. The community will feature 108 upscale townhomes with open-concept floor plans up to 2,300 square feet. Amenities will include a clubhouse, fitness center, and outdoor swimming pool. Located in the Randolph Township School District, the community offers proximity to downtown Morristown and easy access to New York City. Site work is underway, with sales expected to begin in fall 2024. Buyers can personalize their homes through the Toll Brothers Design Studio experience. This development represents a rare opportunity for new construction in the established Randolph area.
Toll Brothers (NYSE:TOL) has unveiled Lakemont, a new luxury waterfront community in Hudson, Massachusetts. The development features 21 single-family homes priced from $1.4 million, offering stunning views of Lake Boon and access to a boat launch. Homebuyers can choose from four home designs with 4 bedrooms, 3.5 to 6.5 baths, and various customizable features.
Located less than two miles from downtown Hudson, recently named winner of the "America's Main Streets" contest, Lakemont provides a blend of tranquility and convenience. The community offers easy access to shopping, dining, and recreation, including the Assabet River Rail Trail and nearby country clubs. Toll Brothers' state-of-the-art Design Studio allows buyers to personalize their homes with professional assistance.
Toll Brothers Apartment Living and The Davis Companies have announced the grand opening of Whitlow, a new luxury apartment community in Lewisville, Texas. The 420-unit, four-story development offers a mix of studio, one-bedroom, and two-bedroom apartments with high-end finishes and smart home technology.
Whitlow features extensive amenities including a saltwater pool, fitness center, coworking spaces, and pet facilities. The community is strategically located in Old Town Lewisville, providing easy access to local attractions and Dallas.
Construction began in 2021, with the first residents welcomed in February 2024. The project, financed by Citizens Bank, represents Toll Brothers' commitment to developing upscale residences in desirable markets like Dallas-Fort Worth.
Toll Brothers (NYSE:TOL) has announced the opening of Steeple Run, a new luxury single-family home community in Quakertown, Pennsylvania. Homes are priced from the low $600,000s and range from 2,121 to 2,776+ square feet. The community offers:
- Two-story home designs with 4 bedrooms, 2.5 to 3.5 baths, and 2-car garages
- Basements and open-concept floor plans
- Personalization options at the Toll Brothers Design Studio
- Quick move-in homes available for delivery in November and December 2024
Located in a private, wooded setting, Steeple Run provides easy access to the Pennsylvania Turnpike, Route 309, and nearby amenities. The community's Sales Center and model home are now open for prospective buyers to visit.
Toll Brothers is now offering move-in ready luxury townhomes at Highlands at Vinings in Atlanta, Georgia. Starting at $925,000, these four-story townhomes feature private elevators and rooftop terraces. The gated community of 31 homes offers designs up to 3,553 square feet with 3 bedrooms, 4.5 baths, and 2-car garages.
Luxury finishes include Wolf and Sub-Zero appliances, quartz countertops, and spa-like bathrooms. A Chastain Transitional home design is currently available for $945,000. Located in downtown Vinings, the community offers easy access to shopping, dining, and major highways. It's a short drive to Buckhead, Downtown, and Midtown, with a 20-minute commute to Hartsfield-Jackson International Airport.
Toll Brothers has announced the opening of its newest luxury home community, Toll Brothers at StoneCreek, in Richmond, Texas. The community offers six single-level and two-story home designs ranging from 3,078 to 3,782+ square feet, with 4 to 6 bedrooms and 2- or 3-car garages. Prices start from the mid-$500,000s.
Located within the StoneCreek Estates master plan, the community features resort-style amenities and is within walking distance of Don Carter Elementary School. Homebuyers can personalize their homes at the Toll Brothers Design Studio. Quick move-in homes are available for fall 2024 occupancy. The community offers easy access to major highways, shopping, and entertainment options, and is served by the Lamar Consolidated Independent School District.
Toll Brothers reported strong Q3 FY2024 results, with home sales revenues up 2% to $2.72 billion and delivered homes up 11% to 2,814 units. Net income was $374.6 million, or $3.60 per diluted share. The company's adjusted home sales gross margin was 28.8%, exceeding guidance. Net signed contracts increased 11% in both units and value. Based on Q3 performance, Toll Brothers raised full-year guidance across key metrics, expecting earnings between $14.50 and $14.75 per diluted share. The company repurchased $245.9 million of common stock in Q3 and increased expected FY2024 repurchases to $600 million. With a strong balance sheet and positive market outlook, Toll Brothers aims to grow its community count to 410 by fiscal year-end, representing 11% growth.
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