Toll Brothers, Inc.
), 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
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
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
) with a Zacks Rank #1 (Strong Buy), and
Consorcio ARA, S. A. B. de C. V.
) both carrying a Zacks Rank #2 (Buy).
CONSORCIO ARA (CNRFF): Get Free Report
GAFISA SA-ADR (GFA): Free Stock Analysis
NVR INC (NVR): Free Stock Analysis Report
TOLL BROTHERS (TOL): Free Stock Analysis
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