Strong Third Quarter Results
Taylor Morrison Home Corporation reported strong third-quarter results, meeting or exceeding guidance on all key metrics including home closings volume, price, and gross margin.
AI-Powered Digital Assistant Launch
The company launched an industry-first AI-powered digital assistant to enhance customer experience by providing dynamic data-driven guidance, improving lead generation and customer acquisition.
Improved Cycle Times and SG&A Leverage
Realized approximately 30 days faster cycle times than a year ago and improved SG&A leverage by 80 basis points year over year.
Financial Services Revenue and Gross Margin Increase
Financial services revenue increased to $56 million with a gross margin of 52.5%, up from $50 million and 45% respectively a year ago.
Net Homebuilding Debt Reduction
Net homebuilding debt to capitalization ratio improved to 21.3%, down from 22.5% a year ago.