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Toll Misses Estimates on Orders in Challenging US Housing Market

A house under construction at a Toll Brothers development in Folsom, California. — A house under construction at a Toll Brothers development in Folsom, California.
Photographer: David Paul Morris/Bloomberg

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By Prashant Gopal

August 19, 2025 at 4:54 PM EDT

Luxury builder Toll Brothers Inc. missed analysts’ estimates for quarterly orders as affordability challenges and economic uncertainty held back buyers.