Taylor Morrison Home — Oct 23, 2024 release

Subsequent to quarter end, our Board of Directors authorized an expanded share repurchase authorization of up to $1 billion, effective through December 31, 2026. Business Outlook Fourth Quarter 2024     •   Home closings are expected to be approximately 3,400     •   Average closing price is expected to be approximately $610,000     •   Home closings gross margin is expected to be around 24.5%     •   Ending active community count is expected to be between 330 to 340     •   Effective tax rate is expected to be approximately 25%     •   Diluted share count is expected to be approximately 106 million Full Year 2024     •   Home closings are now expected to be approximately 12,725     •   Average closing price is now expected to be approximately $600,000     •   Home closings gross margin is now expected to be approximately 24.3%     •   Ending active community count is expected to be between 330 to 340     •   SG&A as a percentage of home closings revenue is expected to be in the high-9% range     •   Effective tax rate is now expected to be between 24.5% to 25.0%     •   Diluted share count is expected to be approximately 107 million     •   Land and development spend is now expected to be around $2.5 billion     •   Share repurchases are expected to total approximately $300 million Quarterly Financial Comparison