Toll Brothers has opened its newest luxury single‑family home community, Toll Brothers at Oakhill Reserve, in Tomball, Texas. The 22414 Decker Prairie Rosehill Road development features two collections of homes ranging from 1,884 to 3,175+ square feet, with 3 to 5 bedrooms, 2 to 4.5 baths, and 2‑ to 3‑car garages. Prices start in the upper $300,000s and the 45‑ and 50‑foot‑wide sites offer lake views for some lots.
The community’s resort‑style amenities—including a pool, walking and biking trails, pickleball courts, and a playground—are designed to appeal to affluent buyers, and the neighborhood is served by the top‑rated Tomball Independent School District. The opening expands Toll Brothers’ presence in the Houston‑area luxury market, adding a new revenue source and reinforcing the company’s strategy of targeting high‑margin, high‑price homes.
Toll Brothers’ Q1 2026 results provide context for the launch. The builder reported earnings per share of $2.19, a 25% year‑over‑year increase and a $0.14 beat over the $2.05 consensus. Home sales revenue was $1.85 billion, essentially flat versus $1.84 billion in Q1 2025, but the company exceeded guidance by $24 million. Adjusted gross margin fell slightly to 26.5% from 26.9% in the prior year, reflecting modest cost inflation and a shift toward higher‑price homes. Net income rose 19% to $210.9 million, while the backlog declined to $6.02 billion from $6.94 billion, indicating a tightening of order flow.
Management highlighted the strength of the luxury segment as the driver of the earnings beat, noting that pricing power and disciplined cost control allowed the company to maintain margins despite a softer overall market. The company guided for 2,400–2,500 home deliveries in Q2 2026 at an average price of $975,000–$985,000, and for 10,300–10,700 deliveries for the full year at an average price of $970,000–$990,000, with an adjusted gross margin target of 26.0%. The guidance signals confidence in sustaining profitability while acknowledging near‑term affordability headwinds.
The launch of Oakhill Reserve aligns with Toll Brothers’ broader strategy of expanding its land pipeline and community count. The company announced an acquisition of a private home builder in Northwest Arkansas on April 21, 2026, and is in the process of transitioning leadership, with Karl Mistry set to become CEO on March 30. Toll Brothers was also named the #1 Most Admired Home Builder on Fortune’s 2026 list, underscoring its brand strength in the luxury market.
Overall, the opening of Oakhill Reserve represents a significant operational milestone that dovetails with Toll Brothers’ recent financial performance and strategic initiatives, reinforcing its position as a leading luxury home builder in the Houston area.
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