Toll Brothers announced the launch of two new luxury communities: Wilder Ranch in Westminster, Colorado, and Canterbury Meadows in Royersford, Pennsylvania. Both developments target affluent buyers with high‑end homes, new amenities, and a focus on design flexibility.
Wilder Ranch offers four luxury collections of townhomes, duets, and single‑family homes ranging from 1,450 to 3,000 sq ft. Prices start in the upper $500,000s and rise to the mid‑$900,000s. The community includes a clubhouse, pickleball, basketball, bocce courts, a playground, and a splash pad, and is slated to open for sale in early 2026.
Canterbury Meadows features modern two‑story homes between 3,029 and 3,677 sq ft, with prices beginning at $1.02 million. The development showcases a Laney model home that highlights Toll Brothers’ design‑studio capabilities. While an earlier announcement in May 2025 projected a fall 2025 opening, the December 2025 announcement indicates a revised early 2026 sale date for the current phase.
Toll Brothers’ Q4 2025 earnings provide context for the expansion. Revenue reached $3.41 billion, up 5% YoY, while EPS fell to $4.58—$0.30 below the $4.88 consensus—due to a delayed sale of its Apartment Living business and higher incentive payouts. Adjusted gross margin was 27.1%, slightly below the 27.3% full‑year 2025 level, reflecting rising construction costs and incentive spending. Management guided for 10,300–10,700 home deliveries in FY 2026, with an average selling price of $970,000–$990,000 and an expected margin of 26%—a modest decline from 27.3% in FY 2025. CEO Douglas Yearley Jr. emphasized that the luxury segment remains resilient amid a “choppy” market, while CFO Gregg Ziegler noted the conservative outlook reflects uncertainty in mortgage rates and demand.
Strategically, the new communities reinforce Toll Brothers’ focus on luxury markets and its exit from the multifamily business. The company’s decision to divest Apartment Living frees capital for land acquisition, share buybacks, and dividends, positioning it to capture growth in high‑income segments. Investors reacted cautiously to the earnings miss and conservative guidance, but the company’s continued investment in premium communities signals confidence in long‑term demand for upscale homes.
Toll Brothers’ expansion into Westminster and Royersford aligns with its broader strategy to build in high‑demand, affluent markets while maintaining a lean portfolio focused on luxury homes. The company’s ability to launch new communities amid margin pressure and a challenging mortgage‑rate environment underscores its operational resilience and strategic focus on high‑margin segments.
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