Toll Brothers, one of the largest homebuilders in the United States, is acquiring a private homebuilder based in Fayetteville, Arkansas.

Headquartered in Fort Washington, Pennsylvania, Toll Brothers' purchase of Buffington Homes of Arkansas will expand its national footprint with a strong presence in northwest Arkansas, the company said in a press release Tuesday.

Toll Brothers expects the transaction to be completed in its fiscal third quarter, which ends July 31. Terms of the deal were not disclosed.

"Buffington Homes is the leading luxury home builder in this market with exceptional communities, strong financial performance and a reputation for quality," said Karl Mistry, CEO of Toll Brothers, in the release. "We look forward to leveraging their team's local expertise and strong land position in northwest Arkansas while adding value and scale to successfully grow the business into the future." 

Buffington Homes, founded in 2010, has nine communities in the area either active selling or coming soon. The company mainly serves first-time and move-up buyers with prices ranging from $400,000 to more than $1 million. It also controls or owns over 1,500 properties in northwest Arkansas, according to the release.

Every employee, including senior leadership, from Buffington Homes will join Toll Brothers. Founding partners and co-owners Clay Carlton and Mike Lamberth will primarily work on land acquisition and development, while Mike Buffington, co-owner and brother of late founder Thomas Buffington, will be stepping away from the business to focus on his family, the release said.

"We are excited to join the Toll Brothers team to help take our operations to the next level," Carlton said in the release. "Toll Brothers has the brand recognition, operating expertise and financial strength to accelerate our growth across northwest Arkansas. Our companies also share similar values and a focus on excellence in our industry, making this a perfect fit for our employees and customers alike."

Tony Avila of Builder Advisor Group acted as advisor to Buffington Homes.

Toll Brothers will have completed 16 homebuilder acquisitions over the last 30 years once the Buffington Homes deal is finalized. Since 2019, Toll Brothers has entered Georgia, South Carolina and Tennessee with the acquisitions of Sharp Residential, Sabal Homes and Thrive Residential. It also expanded its presence in Texas in 2022 with the purchase of Rialto Homes.

Analysts were cautious in their view of homebuilders in 2026 due to an uncertain path to lower rates, but Toll Brothers was one of their top picks because of its move-up buyer focus.