Toll Brothers, Inc.’s TOL shares rose 5.1% on Sep 21, after it reported 110% year-over-year growth in net signed contracts for new homes for the first half of fourth-quarter fiscal 2020 (ended Sep 15, 2020).Net new order activity during the said period rose to 1,678 homes from 800 homes in the comparable year-ago period. Average monthly per-community demand also increased a notable 114% year over year to 3.6 contracts per community from 1.7 a year ago.The company witnessed a rise in demand throughout the 24 states served, and across product lines as well as price points. Especially, the South and Pacific region marked 170% and 165% growth in orders, respectively. Meanwhile, it is raising prices of homes to manage the pace of growth, offset rising costs and maximize profitability.Douglas C. Yearley, Jr., chairman and chief executive officer of Toll Brothers said, “We attribute the accelerated buyer demand to a number of factors, including historically low interest rates, a continued undersupply of homes, and a growing desire for a home that can be personalized for today’s evolving lifestyles. Our luxury build-to-order business model is ideally suited to meet these trends.”Notably, the company believes that it is well positioned for fiscal 2021 on the back of diversified product lines and well-located land.Favorable Housing Markets Bode WellOwing to favorable housing market fundamentals, Toll Brothers has witnessed a rise in consumer demand, which in turn drove new orders. For third-quarter fiscal 2020, its net signed contracts or orders were up 26.4% year over year. Also, backlog grew 5.8% year over year to 7,239 homes.Shares of Toll Brothers have gained 44.5% in the past three months compared with the industry's 28.9% rally. The upside is likely to continue, given accretive acquisitions, its focus on affordable luxury communities and solid housing market backdrop.Zacks RankToll Brothers — which share space with PulteGroup, Inc. PHM, M.D.C. Holdings, Inc. MDC and D.R. Horton, Inc. DHI in the same industry — currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.See the 5 high-tech stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PulteGroup, Inc. (PHM): Free Stock Analysis Report Toll Brothers Inc. (TOL): Free Stock Analysis Report D.R. Horton, Inc. (DHI): Free Stock Analysis Report M.D.C. Holdings, Inc. (MDC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research