Luxury homebuilder Toll Brothers Inc. rose to a record Wednesday as the company said it’s optimistic about its prospects for a key selling season.

Since mid-January, “we have seen a meaningful uptick in demand that has continued through this past weekend,” Chief Executive Officer Doug Yearley said in an earnings call Wednesday.

The builder lifted its outlook for home deliveries in its fiscal year. Shares climbed 6.1% to $109.61 at 10:09 a.m. Wednesday, the biggest intraday jump since the middle of December.