Taylor Morrison sees FY25 home closings 12,800-13,000

Sees FY25 average closing price $595,000. Sees FY25 ending active community count 345. Sees FY25 effective tax rate 24.5%-25%. Palmer continued, “Appreciating the market’s current dynamics, we are focused on deploying innovative and compelling incentives and pricing offers to drive buyer confidence and improve affordability, leaning into the appeal of our well-designed spec and to-be-built home offerings to meet consumer preferences, and carefully managing new starts as we continue to right-size inventory and prepare for next year’s spring selling season. Encouragingly, net absorption paces improved each month during the quarter, in contrast to typical seasonal slowing into the end of summer as the improvement in mortgage interest rates helped spur activity. Going forward, we believe strengthened consumer confidence is critical to further stabilizing demand, especially for discretionary home purchase decisions in our move-up and resort lifestyle communities.”