Toll Brothers to Expand in Western U.S - Analyst Blog
12 3월 2013 - 3:44AM
Zacks
Toll Brothers, Inc. (TOL), a leading
homebuilder in the US, recently contracted to acquire 387 lots at
Anthem Ranch in Denver, CO. Anthem Ranch will have 1,700 single
family homes constructed under Toll Brothers' brand Active
Living.
The recent acquisition of lots signifies an expansion of the
active-adult Active Living brand to the western markets of U.S. The
prices range from low $300s to upper $400s.
The model home park is expected to be complete by Jan 2014 and
the company expects to open it for sale in May 2013. These homes
are targeted toward residents aged 55 years and older. The
residents can enjoy easy access to facilities like fishing, hiking,
shopping centers and restaurants. They can choose from 12 to 15
floors plans with spacious rooms and a living space.
The rising demand for new homes has led to a favorable situation
in the housing market, where inventory levels are dropping and
prices are moving up. As such most home building companies are
constructing increased number of new homes in order to maintain the
required level of inventory to meet growing demand.
Homebuilders like Toll Brothers with significant land positions,
broad geographic and product diversity, and better capital
positions are expected to benefit the most as market conditions
recover.
Toll Brothers expects to end fiscal 2013 with 225 to 255 selling
communities. The community count is expected to grow thereafter in
2014.
Toll Brothers carries a Zacks Rank #3 (Hold).
Other stocks in the homebuilding sector that are performing well
and deserve a mention include NVR Inc. (NVR) with
a Zacks Rank #1 (Strong Buy), and Consorcio ARA, S.
A. B. de C. V. (CNRFF) and Gafisa S.A.
(GFA) both carrying a Zacks Rank #2 (Buy).
CONSORCIO ARA (CNRFF): Get Free Report
GAFISA SA-ADR (GFA): Free Stock Analysis Report
NVR INC (NVR): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis Report
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Consorcio Ara (PK) (USOTC:CNRFF)
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