Taylor Morrison Home — Feb 12, 2025 release

Our annualized sales pace of 3.0 for the year also met our targeted range despite the challenging environment. Combined with nearly $350 million in share repurchases, our return on equity improved to approximately 16%. We are committed to strategies that support sustainable mid-to-high teen returns on equity going forward, from our increasingly asset-lighter balance sheet and land investments to our substantial share repurchase activity and operational efficiencies.” “By meeting the needs of well-qualified homebuyers with appropriate product offerings in prime community locations, we continue to benefit from healthy demand and pricing resiliency across our portfolio. 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. At this time, we are forecasting growth in our total deliveries to between 13,500 to 14,000 homes at a home closings gross margin in the range of 23% to 24%, assuming current market conditions,” said Palmer. Fourth Quarter Business Highlights (All comparisons are of the current quarter to the prior-year quarter, unless indicated.) Homebuilding     •   Home closings revenue increased 12% to $2.2 billion, driven by a 12% increase in closings to 3,571 homes and less-than-1% increase in average closing price to $608,000.     •   Fourth quarter home closings gross margin was 24.8% on a