Welcome to our dedicated page for Taylor Morrison Home news (Ticker: TMHC), a resource for investors and traders seeking the latest updates and insights on Taylor Morrison Home stock.
Taylor Morrison Home Corporation reports developments as a national land and community developer and homebuilder serving first-time, move-up and resort lifestyle homebuyers and renters. Its updates commonly cover home closings, average sales prices, gross margins, sales orders, community sales pace, backlog, land owned and controlled, and guidance across its homebuilding and financial services activities.
Company news also includes activity tied to the Taylor Morrison, Esplanade and Yardly brands, including consumer-segment commentary, marketing campaigns, partnerships, share repurchase authorizations and board composition updates.
Taylor Morrison Home Company (NYSE: TMHC) has acquired a +/- 15-acre parcel in Anna, Texas, in collaboration with Christopher Todd Communities. The site, positioned at a key intersection near national retailers, will feature innovative single-story rental homes and amenities such as a resort-style pool, outdoor event space, and a dog park. The approval of this project involved cooperative efforts with local stakeholders, enhancing housing options in the area.
Taylor Morrison Home Corporation (NYSE: TMHC) has announced a significant increase in its stock repurchase program, raising the available amount for repurchases from $250 million to $500 million until December 31, 2023. This decision, endorsed by the Board of Directors, aims to enhance shareholder value and reflects the company's strong cash flow and solid balance sheet. The repurchase strategy will be conducted in open market purchases and negotiated deals, factoring in market conditions, liquidity, and planned investments.
Taylor Morrison Home Corporation (TMHC) reported robust Q1 2022 results with net income rising to $177 million, or $1.44 per diluted share, marking increases of 80% and 92% from Q1 2021. Home closings revenue grew 21% to $1.6 billion, bolstered by improved gross margins at 23.1%. Despite a 7% decrease in backlog to 9,400 homes, the average sales price surged 24% to $659,000. The company reaffirmed its 2022 guidance, projecting home closings between 14,000 to 15,000, and raising gross margin expectations to over 24.5%. Liquidity remains strong at $1.4 billion.
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Taylor Morrison Home Corporation (NYSE: TMHC) is set to release its first quarter 2022 results on April 27, 2022, before market opening. Following the announcement, a conference call will be held at 8:30 a.m. ET to discuss the results. The call will be accessible via a live audio webcast on the company's investor relations website, with a recording available for replay later. Taylor Morrison serves diverse consumers across the U.S., with brands catering to various homebuyer needs.
Taylor Morrison (NYSE: TMHC) is making significant strides in enhancing gender diversity within its workforce, achieving near parity with 54% male and 46% female representation. The company has seen a 21% increase in women in construction roles and earned a spot in Bloomberg's Gender-Equality Index for the fourth year. Collaborating with the Building Talent Foundation, Taylor Morrison aims to improve education and career progression for young individuals in the trades, with women making up 5.7% of placements compared to the industry average of 3.1%.
Taylor Morrison Home Corporation (TMHC) reported strong fourth-quarter results for 2021, with net income of $273 million and $2.19 per diluted share, marking year-over-year increases of 189% and 204%, respectively. Homes closed surged by 39% to 4,283, and total revenue rose 61% to $2.4 billion. Despite a 16% decline in net sales orders, backlog grew 9% to 9,114 sold homes. For 2022, the company anticipates gross margin of at least 23.5% and plans to deliver between 14,000 to 15,000 homes.
Taylor Morrison Home Company (NYSE: TMHC) has finalized the acquisition of approximately 20 acres of land in Melissa, Texas, in collaboration with Christopher Todd Communities. This site will be developed as a mixed-use project, featuring residential and commercial spaces, including a private amenity center and retail components. The project received unanimous approval from the City of Melissa and supports the extension of Melissa Road for improved access to the 2,000-acre Trinity Falls community.
Taylor Morrison Home Corporation (NYSE: TMHC) announced it will release its fourth quarter 2021 results on February 8, 2022, before market opening. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. The call will be available via a live audio webcast on the company’s investor website, with a replay accessible afterward. Taylor Morrison is recognized as a leading national homebuilder and has received accolades for its commitment to customer trust and sustainability.
The press release from Taylor Morrison (NYSE: TMHC) highlights home design trends for 2022, focusing on the evolving needs of homeowners. Key trends include:
- Mixing styles: Combining traditional and contemporary designs.
- Color collection: Collaboration with Sherwin-Williams features a palette emphasizing nature.
- Comfort and functionality: Demand for larger entry areas, bulk storage, and dedicated workspaces due to the pandemic.
- Technological integration: Enhancements via partnerships with appliance manufacturers to improve home automation.