Taylor Morrison Home — Jul 23, 2025 release

Business Outlook Third Quarter 2025     •   Home closings are expected to be between 3,200 to 3,300     •   Average closing price is expected to be approximately $600,000     •   GAAP home closings gross margin is expected to be approximately 22%     •   Ending active community count is expected to be between 340 to 345     •   Effective tax rate is expected to be approximately 25%     •   Diluted share count is expected to be approximately 100 million Full Year 2025     •   Home closings are expected to be between 13,000 to 13,500     •   Average closing price is now expected to be between $595,000 to $600,000     •   GAAP home closings gross margin including impairment and certain warranty charges is now expected to be approximately 22.5%     •   Adjusted home closings gross margin excluding impairment and certain warranty charges is expected to be approximately 23%*     •   Ending active community count is now expected to be approximately 350     •   SG&A as a percentage of home closings revenue is expected to be in the mid-9% range     •   Effective tax rate is expected to be between 24.5% to 25.0%     •   Diluted share count is expected to be approximately 101 million     •   Homebuilding land acquisition and development investment is expected to be around $2.4 billion     •   Share repurchases are now expected to be at least $350 million   * Adjusted home closings gross margin excludes inventory impairment and certain warranty charges realized in the first six months of 2025 and assumes no additional inventory impairment or warranty charges for the remainder of the year. Adjusted home closings gross margin is a non-GAAP financial measure. A reconciliation of our forwa