Toll reported Q2 2015 earnings of $67.9M, or 37 per cents per share, beating analyst estimates of 35 cents per share. Revenues came in lower than expected at $852.6M versus analyst expectations of $861.1M. Average selling price rose 1% to $713,500 from the prior quarter and the number of closings fell 2% to 1,195 units. The stock was trading down following the earnings release.
With the recent announcement of the formation of Trumark Communities, Trumark’s masterplanned community development arm, the COO for the operation, Peter Kiesecker, provides insight into the subsidiary’s business and trends
Another homebuilder beats Wall Street estimates on earnings for 4Q 2014. Meritage Homes produced earnings per share of $1.19, besting the average analyst of $1.03 by 15.5%. Total revenue of
The NAHB Homebuilder Confidence Index moved up to 58 in November from 54 in October which marks the second-highest figure since the peak of the market in 2005. Builders nationally
