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As I mentioned, we're controlling costs better. We have made no downward adjustments in our pricing. My first question is regarding around closings guidance.
You get busier, you've got a lot of things to be working on. Back half of 2016 event. Toll Brothers was recently honored to receive the #1 ranking in Fortune Magazine's 2010 World's Most Admired Companies Survey among home building companies. Our expected share count for the second quarter is 180 million shares and we will continue to be opportunistic with share buybacks and have authorization for another 12. They were right away... 11. In the beginning of the second quarter, we spent an additional $25 million and bought back an additional 933, 000 shares at an average price of $26. I would like to turn the conference back over to Douglas Yearley for closing remarks. 2 were ahead of the company's average of 4. Toll Brothers discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, and earnings and other news releases, on the Investor Relations section of its website. Investors of record on Friday, October 7th were paid a dividend of $0. Toll Brothers CEO And Leadership: Executives and Demographics - Zippia. How do you guys get comfortable with orders sticking given your backlog, nine-10 months, when you have – how do you guys get comfortable with that, I guess? Obviously, this is very good news, and we look forward to returning to normalcy soon.
We take some of them for ourselves, but those other builders are generally at lower price points. John Lovallo - Bank of America Merrill Lynch. The comp is a good comp year to year because it's the same period of time. So I am very confident, particularly with the offerings we have at Porter Ranch, which are many. And then what regions of the south are driving that increase? We have new models that have opened and will be opening. Equity Residential, Toll Brothers partner on 3 Dallas-area developments. Company's Online Profile. But remember, when we had many optioned lots, we had over 90, 000 total lots. And then also the capital allocation, you got more aggressive on share repurchases.
With respect to the joint venture and other income guidance, it's important to note that we have not changed any of our expectations on Pierhouse from the beginning of the year to now. Toll Brothers has an average consumer rating of 2 stars from 24 reviews. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. Certainly in California and Seattle, these foreign buyers are occupiers of the homes. In other Toll Brothers news, Director Paul E. Douglas c. yearley jr. email address email. Shapiro sold 3, 706 shares of the company's stock in a transaction that occurred on Thursday, December 8th. We are not buying land in B and C locations, and so if we see the right opportunity, at main and main, like Shapell, or like New York City, or like what we see in Seattle, and other markets, we must buy that land because the only way that seller works with us is if we write a check, we will step up and write that check. The CBRE team handling the lease negotiations was led by brokers Scott Miller and Rija Beares. Biggest concentration is California at 15% to 20%, New York City Living at 15%, and Seattle at 10%. It's the highest level in the history since you've been giving this metric. While we are on New York City, we are often asked about the impact of foreign buyers on our business.
One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. No full review of Toll Brothers. So I don't think there is anything of significance in these three weeks, particularly since it's the same period as prior events. And then, Marty, tax rate. We are hungry with a sharper pencil. Meryl Levitz, Visit Philadelphia. And how did February compare to January? I'm running the company day to day. Toll Brothers was founded in 1967. The stock was sold at an average price of $49. We've sold really well. Douglas c. yearley jr. email address 2020. William Mignucci, Jr., President, Di Bruno Bros. Joe Frick, Senior Advisor, Diversified Search. Here's what they're using: Judy Munroe, Munroe Creative Partners.
Tri State Chapter Members. Stephen, we are still in the land buying business. And we are working hard on finding more option lands to set up the business two, three, four, five years out. So does that mean you by definition just have to turn harder? Agreements per community were up 5% with four more communities open this year versus last. And that is really again because of the quality of the land we have and some of the uncertainty out there in the markets. They're being more deliberate. Douglas c. yearley jr. email address online. And I was just wondering if you could talk a little bit more about that. Toll Brothers also was ranked top for Investor Relations among home building companies in the Homebuilders & Building Products sector by the Buy-Side community. Toll Brothers was named the #1 Home Builder in Fortune magazine's 2023 survey of the World's Most Admired Companies®, the eighth year it has been so honored. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living. We don't have issues.
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