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.
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.
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