Editor’s Blog: What’s happening with Toll Brothers?

On Monday we wrote about luxury home builder Toll Brothers acquiring the final eight-home site at Stillwater Shores in Davie and the stellar run that the builder’s stock enjoyed as it went up, up, up in November.

But yesterday’s session saw the air go out of the balloon, as Toll Brothers’ stock sunk nearly 8 percent. The earnings statement on Monday had been mixed—growth was good, the guidance less so. Is it a victim of its own success? “We are currently experiencing the strongest housing market I have seen in my 30 years at Toll Brothers,” Chief Executive Officer Douglas Yearley said in the company’s earnings statement Monday, yet analysts noted that strong sales in the last quarter led to a thinner inventory that spooked investors.

It’s news to no one that the housing market has been on a tear since the doldrums of last spring. Eight months ago LGI Homes was priced at around $35/share; now it’s at $103, even after losing more than 4 percent on Tuesday. Lennar, the home building powerhouse based in Miami, dropped to its nadir of the year last March, when it was selling for less than $30/share. Yesterday it was at $72.50, even after a nearly $4 drop. Today, Toll Brothers and Lennar are still flailing, but UBS’ $140 price target is lifting LGIH, currently at around $107/share.

In this bifurcated economy that sees both food lines and record stock prices, the executive class has been taking advantage of low interest rates—and fleeing the density and cold of Northern cities. So that’s why I’ve been especially focused on home builder stocks, especially those that touch South Florida. What stocks and sectors are you watching? SFBW wants to hear from you. Comment below!



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Drew Limsky

Drew Limsky



Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.