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SCOTTSDALE, Ariz., June 9, 2021 /PRNewswire/ Consumers have almost endless possibilities when shopping online and now they can buy a new home virtually, all from the comfort of their couch. Taylor Morrison (NYSE:TMHC), the nation s fifth largest homebuilder and developer, has made this a reality with the launch of their new digital configuration and reservation system for to-be-built homes. Today s consumers crave ease and simplicity, whether they re purchasing a car, groceries, or a new home online this new tool takes the friction out of homebuying, said Taylor Morrison Chairman and CEO Sheryl Palmer. As the first homebuilder to offer the capability to customize and purchase a new construction home digitally, Taylor Morrison continues to create an elevated shopping experience and propel our industry into the future. We recognize, however, that today s remarkably strong housing market is not without its challenges and our teams continue t
Taylor Morrison Extends and Increases Stock Repurchase Program
Repurchase program will have $250 million in availability for repurchases through December 31, 2022
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SCOTTSDALE, Ariz., June 1, 2021 /PRNewswire/ Taylor Morrison Home Corporation (NYSE: TMHC) (the Company ) today announced that its Board of Directors has increased the amount available for repurchases under its stock repurchase program by up to $250 million of the Company s Common Stock. Repurchases of the Company s Common Stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions through December 31, 2022. The increase in our share repurchase authorization is a reflection of our commitment to creating long-term value through strategic capital allocation, said Chief Financial Officer Dave Cone. Our strong outlook for operating cash flow has equipped us with flexibility to conti
Taylor Morrison CEO Sheryl Palmer Recognized With 2021 Hearthstone BUILDER Humanitarian Award
Under Palmer s leadership, passion to serve others is engrained in homebuilder s philosophy
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SCOTTSDALE, Ariz., May 6, 2021 /PRNewswire/ A builder s commitment to use their resources and team members talents to uplift our communities a responsibility which became even more important in 2020 as the pandemic laid bare the insecurity faced by so many Americans is more vital today than ever. With a passion for public service, Taylor Morrison (NYSE: TMHC) Chairman and CEO Sheryl Palmer is being recognized for such efforts with the 2021 Hearthstone BUILDER Humanitarian Award in the Big Builder category.
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SCOTTSDALE, Ariz., April 29, 2021 /PRNewswire/ Taylor Morrison Home Corporation (NYSE: TMHC), the nation s fifth largest homebuilder, announced results for the first quarter ended March 31, 2021. Reported net income of $98 million, or $0.75 per diluted share, compared to a reported net loss of $31 million, or $0.26 per diluted share, in the first quarter of 2020.
The Company s first quarter included the following results, as compared to the prior-year quarter:
Net sales orders increased 30 percent to 4,492.
Monthly absorptions increased 42 percent to 4.3 net sales orders per community, a company record high.
Home closings gross margin increased 320 basis points to 18.6 percent.
Backlog increased 54 percent to 10,074 sold homes with a sales value of $5.3 billion, up 70 percent.