Toll Brothers today broke ground on Heardmont Farms, its newest Atlanta‐area luxury home community in Cumming, Georgia. Site work is underway with sales slated to begin in spring 2026. The enclave will offer 45 home designs ranging from 3,393 to 4,674 square feet with open-concept living areas, gourmet kitchens and three-car garages. Select floor plans include unfinished basements and multigenerational suites. Base prices will start around $1 million, positioning the community at the premium end of Forsyth County’s residential market. Forsyth County boasts top-ranked schools such as North Forsyth High, and residents will benefit from resort-style amenities—a pool and cabana, scenic pocket park, fire pit and clubhouse—within a quiet, established neighborhood.

In Milpitas, Toll Brothers has officially opened sales at South Main, its first all-electric townhome community in Northern California. The community comprises 38 three-story residences of approximately 1,565 to 1,684 square feet, each with three bedrooms, three baths and attached two-car garages. Starting prices will be approximately $1.2 million. A future private park featuring a tot lot and picnic areas is planned on-site. South Main’s walkable location offers immediate access to the Great Mall of the Bay Area, Milpitas Square and Hidden Lake Park, and is within the Milpitas Unified School District. The sales center and two model units are now open at 612 South Main Street.

Analysts maintain a Buy recommendation on Toll Brothers, citing a reasonable valuation multiple near its five-year average despite rising material and labor costs. The company’s strategic focus on affluent move-up and active-adult buyers, combined with geographic diversification—particularly in high-growth markets such as Texas and Florida—supports resilient demand through industry cyclicality. Toll Brothers entered 2026 with over $1.3 billion in unrestricted cash and equivalents, net debt to capitalization below 15%, and operating cash flow of $800 million in the last twelve months. These metrics provide a buffer against slower start‐to‐finish home deliveries and underlie the company’s capacity to sustain its dividend and opportunistic share repurchases.