Toll Brothers
Toll Brothers is the luxury homebuilder in the USA, operating in over 60 markets across 24 states. The Fort Washington, Pennsylvania-headquartered homebuilder caters to affluent first-time, move-up, active-adult, and second-homebuyers. Toll Brothers has shifted in recent years to a greater mix of speculative, or "quick move-in" homes. The homebuilder has also expanded its price points, with a greater emphasis on "affordable luxury. Traditional homebuilding accounts for the majority of Toll Brothers' earnings, but the firm also offers ancillary mortgage, title, insurance, and other services.www.tollbrothers.com
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Search complete. 74 mentions across 40 episodes found for "Toll Brothers".
Sep 25, 2026
Steven GoldinGUEST
The market is inflating during those five years.
Steven GoldinGUEST
And so I always love to tell the story of Bob Toll from Toll Brothers, who had a project in West Windsor that took him, West Windsor, New Jersey, took him 10 years to get approved.
Steven GoldinGUEST
And years later, Bob would say that West Windsor did him this incredible favor because the market moved so much higher that the profits that they made from that project were so many multiples than what they would have made.
Steven GoldinGUEST
But that also means that a lot of people were then priced out of that particular project.
Diana OlickCORRESPONDENT
... you know, uh, what you want, and then it's in the backlog, and then it's just gonna be determined on when you close on that home, what kind of mortgage rate buydown they're gonna do, what kind of price concession they're gonna do, what they're gonna throw in, you know, all of that.
Guy AdamiPANELIST
So Diana, KB Homes find itself in the middle of sort of Pulte on one side, Toll Brothers on the other side.
Guy AdamiPANELIST
There's, you're hearing similar things now from all three, and if our crack staff in EC, we have a crack staff in EC-
Diana OlickCORRESPONDENT
Mm-hmm
Rick DucatGUEST
We can see the weakness, though, is kind of spread throughout this homebuilder sector.
Rick DucatGUEST
All these other names, Toll Brothers, Pulte Group, D.R. Horton, and Lennar, all facing a similar downside trajectory.
Rick DucatGUEST
Interest rates rising makes mortgages less appealing, and thus people perhaps want to stay at their homes that they got with relatively lower mortgages here.
Rick DucatGUEST
So to think about our broad price trajectory here, down sloping trend line here from those highs that we can connect here uh 67 is around where we topped out previously our lows 44 we also could draw another upward sloping trajectory here but uh really you know we we are heading into earnings right now a lot could change so the the horizontal levels to be on the lookout for here about 47 and 44, as I said, marking those old lows.
Ken PozekGUEST
They're all like on the stock market.
Ken PozekGUEST
So you think about like Lennar, Toll Brothers, Pulte, they're all backed by Wall Street.
Ken PozekGUEST
So the stock, they want to see things.
Ken PozekGUEST
Oh, we sold so many units.
Travis HoiumHOST
There was a spike during 2020 and, 2021 and 2022, but, but things are definitely down over the past couple of years.
Travis HoiumHOST
So Lennar, D.R. Horton, Toll Brothers, Meritage Homes.
Travis HoiumHOST
Lou, those are the names that I picked out.
Travis HoiumHOST
If you're looking in this space, what are you looking for in a home builder?
Dan CaplingerGUEST
That's been an arguable bull market, uh, thesis for a lot of these companies, and yet the comp- it just doesn't seem to materialize.
Dan CaplingerGUEST
Whether it's rising costs for materials, whether it is, yeah, there's demand, but not in every area, and where there is demand, it's kind of, you know, not always at the entry level.
Dan CaplingerGUEST
So out of these four, I would go with Toll Brothers, ticker T-O-L.
Dan CaplingerGUEST
That is the one that I see benefiting the most from this continued, yeah, maybe it's a decaying K, but it's still K shaped, and I think that the emphasis on the higher end of the market is something that will continue to pay off longer than at the lower end of the m- market.
Bill PulteGUEST
Uh, well just look at the facts.
Bill PulteGUEST
I mean the price of the new homes like with Lennar and Toll Brothers and all these, and, and D.R. Horton and Taylor Morrison and Pulte Homes, all these, all these builders, you know the prices went up and up and up and the stock prices all did very well.
Bill PulteGUEST
You look at the stock prices for these builders since President Trump came into office, they're doing okay, but the real focus has been on how do we get to a price point where we can make the affordable-- the American dream affordable again? And I just, I can't overstate how important cutting off immigration, you know, illegal immigration was and then coupling that with many of the things that we're doing.
Bill PulteGUEST
And we haven't even gotten through all the buckets that we're doing.
Bill PulteGUEST
Why do you say that? Well, just look at the facts.
Bill PulteGUEST
I mean, the price of the new homes like with Lenar and Toll Brothers and all these in D.R. Horton
Steve BannonHOST
and
Bill PulteGUEST
Taylor Morrison and Pulte Homes, all these all these builders.
Guy AdamiPANELIST
We talk about it.
Guy AdamiPANELIST
On one side of the coin is Toll Brothers with north of a mill- or either side of a million dollars average selling price.
Guy AdamiPANELIST
This is Lennar, average selling price of $372,000.
Guy AdamiPANELIST
This is a stock that's probably down 60% from its all-time high in the fall of 2024.
Kahlilah DoweGUEST
support this life.
Kahlilah DoweGUEST
And I always say that's kind of what separates those who can get there versus those who can afford to be there, right? So if I think about a new home that I want to purchase in this really great neighborhood, I always think about the Toll Brothers houses, right? Like they're so beautiful, beautiful neighborhoods.
Kahlilah DoweGUEST
And if I think about whether or not I can afford one, I might look at my income and say, I will, I can afford the monthly payment, Right.
Kahlilah DoweGUEST
And for me, that means I can afford to get there.
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