Taylor Morrison warned that 2025 will be challenging for home builders but committed to selling more homes this year than last.
“While 2025 promises to bring new challenges, and it is early in the year, we are confident that our long-standing emphasis on capital-efficient growth will yield another year of strong performance,” CEO Sheryl Palmer said while reporting the company’s fourth quarter results.
“We are forecasting growth in our total deliveries to between 13,500 to 14,000 homes at a home closings gross margin of 23% to 24%, assuming current market conditions.”
The builder said sales orders increased 11% to 2,621 in the fourth quarter compared with the prior year. Home closing revenue was $2.2 billion, up 12%. At the end of the year, it owned and controlled 86,153 lots.
“With strong closings growth, higher margins, and cost discipline, we produced a nearly 30% year-over-year increase in our adjusted earnings per diluted share and a 14% year-over-year increase in our book value per share to $56,” Palmer said. “By meeting the needs of well-qualified home buyers with appropriate product offerings in prime community locations, we continue to benefit from healthy demand and pricing resiliency across our portfolio.”
