Toll Brothers Q3 Deliveries Fall 10% to 2,662 Homes
TOL sits 16% above its 52-week low of $123.145.
Summary
Toll Brothers delivered 2,662 homes in fiscal Q3 2026, down 10% from 2,959 a year earlier. This is the first hard delivery number for the quarter and lands below the pace implied by the company's raised full-year guidance of 10,400-10,700 homes announced in May. The decline aligns with the broader new-home market weakness flagged in late July, when Reuters reported new homes selling at a 10% median discount to existing homes—the widest gap in nearly 60 years. With mortgage rates still elevated, the delivery shortfall raises questions about whether Toll can hit the low end of its guidance. The full Q3 earnings release, expected in the coming weeks, will show whether pricing and margins offset the volume drop.
At the time of this announcement, TOL was trading at $142.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $13.4B. The 52-week trading range was $123.15 to $168.36. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.