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.
Joseph Davis, Chief Investment Officer of The New Home Company, resigned his post effective June 26, 2015. Mr. Davis, a long-time veteran of The Irvine Company prior to New Home,
Communities, Inc., Greenwood Village, Col. (NYSE: “CCS”) Friday announced it has completed its previously announced merger with UCP, Inc. (NYSE: “UCP”).
Long-time homebuilding industry veteran Tom Grable is promoted to Southern California Division President of TRI Pointe Homes. With TRI Pointe’s merger with Weyerhauser’s homebuilding operations earlier this year, Tom takes
