Taylor Morrison Home — Feb 12, 2025 release

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 reported basis and 24.9% on an adjusted basis, which was up 70 and 80 basis points, respectively, from the reported gross margin of 24.1% in the year-ago quarter.     •   Net sales orders increased 11% to 2,621, driven by an 8% improvement in the monthly absorption pace to 2.6 per community and a 4% increase in ending community count to 339 outlets.     •   SG&A as a percentage of home closings revenue decreased 30 basis points to 9.4% from 9.7% a year ago.     •   Cancellations equaled 13.1% of gross orders, up from 11.6% a year ago.     •   Backlog at quarter end was 4,742 homes with a sales value of $3.2 billion. Backl