Toll Brothers announced the opening of its newest luxury community, Toll Brothers at Wildtree, in Magnolia, Texas, a Montgomery County suburb of Houston. The master‑planned development offers one‑ and two‑story homes ranging from 3,078 to over 3,600 square feet, with four to five bedrooms and three to four and a half bathrooms. Prices start in the $500,000 range, and the community will feature a clubhouse, resort‑style pool, playgrounds, walking and biking trails, and ample greenspace. A new Toll Brothers Sales Center at 4919 Pinestraw Valley Way houses a Design Studio that lets buyers customize finishes, cathedral ceilings, and spiral staircases.
The opening comes as Toll Brothers reports a strong first‑quarter 2026 performance. Net income rose to $210.9 million from $177.7 million in Q1 2025, while revenue climbed to $1.85 billion from $1.84 billion. Adjusted home‑sales gross margin fell slightly to 26.5 % from 26.9 % in the prior year, and the backlog at the end of the quarter was $6.02 billion, down from $6.94 billion. The company guided for full‑year deliveries of 10,300 to 10,700 homes and an adjusted gross margin of 26.0 %.
CEO Douglas Yearley Jr. said the company remains pleased with its focus on the luxury market and that it met or exceeded guidance across nearly all metrics. He added that demand is improving with the normal seasonal pattern and that the new Wildtree community strengthens Toll Brothers’ presence in the Houston‑area market.
Analysts responded to the earnings and the new community launch by raising price targets and maintaining “Outperform” or “Buy” ratings. RBC Capital lifted its target to $161.00, Oppenheimer to $177.00, and Wells Fargo to $170.00. Despite the positive earnings beat, market reaction was muted, with investors weighing the slight margin compression and a lower full‑year margin outlook.
The Wildtree development aligns with Toll Brothers’ broader strategy of expanding its luxury footprint while exiting the multifamily business. The company has sold roughly half of its Apartment Living portfolio to Kennedy Wilson, a move that frees capital for high‑margin homebuilding. The Magnolia Independent School District’s strong “B” rating and several “A” campuses add appeal for affluent buyers, reinforcing the resilience of the luxury segment in a tightening economy.
Overall, the new community launch, coupled with solid Q1 results and a clear focus on luxury demand, positions Toll Brothers to sustain growth in the Houston market while continuing to refine its portfolio toward higher‑margin projects.
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