News

• Toll Brothers decreased 0.5% to $129.50 after the luxury home builder's quarterly results surpassed market expectations and the company raised its full-year outlook. 
  
  Total fiscal second quarter revenue increased to $2.8 billion from $2.5 billion, net income rose to $481.6 million from $320.2 million, and diluted earnings per share advanced to $4.55 from $2.85 a year ago. 
  
  At the end of the fiscal second quarter in April, the backlog value of homes declined 12% to $7.4 billion, and the backlog of homes fell 6% to 7,093. 
  
  The company raised i More
  
  May 22, 2024
• Toll Brothers decreased 0.5% to $129.50 after the luxury home builder's quarterly results surpassed market expectations and the company raised its full-year outlook. 
  
  Total fiscal second quarter revenue increased to $2.8 billion from $2.5 billion, net income rose to $481.6 million from $320.2 million, and diluted earnings per share advanced to $4.55 from $2.85 a year ago. 
  
  At the end of the fiscal second quarter in April, the backlog value of homes declined 12% to $7.4 billion, and the backlog of homes fell 6% to 7,093. 
  
  The company raised its estimate of home deliveries in the fiscal third quarter to 2,850 from 2,750 and in the fiscal year to 10,800 from 10,400. 
  
  In the quarter, Toll Brothers repurchased approximately 1.5 million shares at an average price of $120.60 per share, for a total purchase price of approximately $181.2 million.
  
  On March 12, the company also hiked its cash dividend by 10% to 23 cents per share, which was paid on April 19 to shareholders on record on April 5.  Less
  
  May 22, 2024


• Single-family house sales eased 0.3% from the previous month and rose 5.9% from a year ago in February to a seasonally adjusted rate of 662,000. 
  
  The median sale price of a new house sold was $400,500, and the average sale price was $485,000, according to the latest government statistics. 
  
  The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential statistics Monday. 
  
  The seasonally adjusted estimate of new homes for sale at the end of February was 463,000, a supply of 8.4 months at t More
  
  Mar 25, 2024
• Single-family house sales eased 0.3% from the previous month and rose 5.9% from a year ago in February to a seasonally adjusted rate of 662,000. 
  
  The median sale price of a new house sold was $400,500, and the average sale price was $485,000, according to the latest government statistics. 
  
  The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential statistics Monday. 
  
  The seasonally adjusted estimate of new homes for sale at the end of February was 463,000, a supply of 8.4 months at the current sales rate. 
  
  Home price affordability and elevated mortgage rates have kept first-time home buyers away from the market, as mortgage rates have continued to advance over the last year.  Less
  
  Mar 25, 2024

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