Taylor Morrison Home Corporation
Taylor Morrison Reports Decline in First Quarter 2026 Financial Results
Summary
Taylor Morrison Home Corporation reported a decline in its first quarter 2026 financial results, with home closings revenue decreasing by 28.3% to $1.3 billion, net income dropping to $99 million, and home closings gross margin falling to 20.0%. The company also provided guidance for the second quarter and full year 2026, with expectations for home closings between 2,500 to 2,600 and an average closing price of approximately $575,000. The company's backlog grew by 23% sequentially to 3,465 homes, and it ended the quarter with total liquidity of approximately $1.6 billion.
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About Taylor Morrison Home Corporation
Taylor Morrison Home Corporation is a residential homebuilder and land developer, primarily focused on providing innovative residential properties throughout the United States. As one of the country's leading public homebuilders, it specializes in the construction and sale of single-family detached and attached homes. Its portfolio caters to various segments, including first-time, move-up, and luxury homebuyers, offering them a range of housing options tailored to different life stages and budgets. Headquartered in Scottsdale, Arizona, Taylor Morrison operates under a strong brand reputation, supported by a commitment to quality craftsmanship and sustainable design. The company significantly influences the housing market in numerous states, predominantly in the South, West, and Central regions of the U.S. In addition to homebuilding, Taylor Morrison provides financial services that facilitate the homeownership process, including mortgage financing, title insurance, and closing services. The corporation plays a crucial role in the broader residential construction sector, responding to the fluctuating demands of the housing market while contributing to community developments and economic growth.
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