Taylor Morrison Home Corp Stock Price, News & Analysis

Taylor Morrison (NYSE: TMHC), America's Most Trusted® Home Builder, is set to film an episode of ABC's Extreme Makeover: Home Edition in Houston. As the exclusive homebuilder for the series, Taylor Morrison will construct a new home in its Mason Woods community for a deserving local family. The build will take place from August 17-23, 2024, involving 2,000 volunteers in a round-the-clock operation to complete the home in under seven days.

The show, hosted by Clea Shearer and Joanna Teplin of The Home Edit, will showcase heartwarming stories and impressive builds for families who give back to their communities. Taylor Morrison's partnership with The Home Edit extends beyond the show, offering organization tips and products for homeowners. Volunteer and donation opportunities are available to the public, with volunteers required to be 18 years or older.

Taylor Morrison Home (NYSE: TMHC) reported second quarter 2024 results with net income of $199 million, or $1.86 per diluted share. Adjusted net income was $211 million, or $1.97 per diluted share. Key highlights include:

- Net sales orders increased 3% to 3,111
- Home closings revenue of $1.9 billion
- Home closings gross margin of 23.8% (23.9% adjusted)
- Repurchased 1.7 million common shares for $105 million
- Total liquidity of $1.3 billion

The company updated its full-year 2024 guidance, now expecting 12,600 to 12,800 home closings with a gross margin around 24%. Taylor Morrison remains confident in its diversified strategy and long-term growth targets.

Taylor Morrison, America's Most Trusted® Home Builder, is set to be the first-ever exclusive homebuilder for ABC's reboot of Extreme Makeover: Home Edition. The show will build two brand-new homes in Auburndale, Florida, within Taylor Morrison's Brookland Park community this August.

The build will take place from August 4 to August 12, 2024, involving Taylor Morrison's Tampa and Orlando division teams, local and national trade partners, and 2,000 volunteers in a round-the-clock operation. The homes will be designed by Taylor Morrison and finished with organized spaces by The Home Edit, creating stress-free move-ins for two deserving local families.

This collaboration follows Taylor Morrison's existing partnership with The Home Edit, which began last summer to reduce moving stress and add functionality to the process. Volunteer and donation opportunities are available to the public for both episodes.

Taylor Morrison (NYSE: TMHC) has been selected as the exclusive homebuilder for the reboot of Extreme Makeover: Home Edition on ABC. The show, hosted by Clea Shearer and Joanna Teplin of The Home Edit, will feature Taylor Morrison building brand-new homes for deserving families. This partnership marks the first time the show has had an exclusive homebuilder partner.

The collaboration builds on Taylor Morrison's existing partnership with The Home Edit, which focuses on reducing moving stress and enhancing home organization. The series will showcase Taylor Morrison's thoughtfully designed homes, finished with organized spaces by The Home Edit, creating stress-free move-ins for the featured families.

Taylor Morrison Home (NYSE: TMHC), a leading national developer and homebuilder, announced the release date for its second quarter 2024 earnings results. The results will be disclosed before the market opens on July 24, 2024.

A conference call to discuss the results will be held on the same day at 8:30 a.m. ET. The live audio webcast will be accessible on Taylor Morrison's website under the Investor Relations section. The conference call dial-in number is (833) 470-1428 with the conference ID 302287. A replay of the call will also be available on the company’s website.

Taylor Morrison has been recognized in U.S. News & World Report's 2024-2025 Best Companies To Work For list. This is the second consecutive year the homebuilder has received this honor. Recognized categories include Overall Best, Real Estate, and West Region. Taylor Morrison scored high in quality of pay, work-life balance, belongingness, professional development, and comfort. The company's culture emphasizes respect, acceptance, and employee satisfaction. This accolade joins other honors, including America's Most Responsible Companies, America's Greenest Companies, and inclusion in the Bloomberg Gender-Equality Index and Fortune 500.

Taylor Morrison, in partnership with Banner MD Anderson Cancer Center and the Banner Health Foundation, has constructed and donated a new community of homes in Gilbert, Arizona, for cancer patients and their care partners. This initiative will house 80 patients annually, providing them with comfortable lodging within walking distance of the treatment center, eliminating the financial burdens of travel and long-term hotel stays. The homes feature 1,000-square-foot fully furnished units, each with two bedrooms, two bathrooms, and private backyards. This initiative is part of Banner MD Anderson's 'Home Away from Home' program, which supports patients undergoing lengthy treatments. The community was inaugurated with a grand opening event attended by local dignitaries and stakeholders.

Jaime Pou has been appointed as the new president of Taylor Morrison's Atlanta division. Pou, with over 20 years of experience in homebuilding, finance, and investment banking, plans to oversee the growth and expansion of eight new communities in Atlanta for 2024. He previously held leadership roles at Toll Brothers and Crescent Communities, and holds an MBA in Finance and Real Estate from The Wharton School.

Under Pou's leadership, Taylor Morrison Atlanta plans to open four communities in 2024, including Henson Square, Bennett Farm, Chandler Run, and Somerset at Veterans Memorial. The division will also enhance sales teams and refine land strategies. The new communities feature diverse housing options, from luxury single-family homes to urban townhomes, with prices starting from the high $600,000s. Additionally, Pou aims to introduce Taylor Morrison's resort lifestyle brand, Esplanade, to the Atlanta market, catering to the demand for upscale living.

Taylor Morrison Home reported its first-quarter results for 2024, showing a net income of $190 million and earnings per share of $1.75. The company experienced growth in net sales orders, home closings revenue, and homebuilding lots owned, among other positive developments. Taylor Morrison also raised its full-year guidance, expecting to deliver approximately 12,500 homes with a gross margin between 23.5% to 24.0%. The company's expansion into the Indianapolis market further diversifies its geographic footprint, reflecting strong growth potential.