Taylor Morrison Home — Apr 22, 2026 release

We believe these priorities are laying the groundwork for a meaningful reacceleration in growth in 2027 and beyond while positioning our portfolio to generate attractive long-term returns for our shareholders.” Business Outlook The Company is providing the following guidance for the second quarter and full year 2026:        Second Quarter 2026   Full Year 2026 Ending Community Count    Around 370   Between 365 to 370 Home Closings    Between 2,500 to 2,600   Approximately 11,000 Average Closing Price    Approximately $575,000   Between $580,000 to $590,000 Home Closings Gross Margin 1 (excluding any inventory-related charges)    At least 20%   Not provided SG&A as a Percentage of Home Closings Revenue    Not provided   Mid-10% range Effective Tax Rate    Approximately 25.5%   Approximately 25.0% Average Diluted Share Count    Approximately 95 million   Approximately 95 million Homebuilding Land Investment    Not provided   Approximately $2 billion Share Repurchases    Not provided   Approximately $400 million   (1) A reconciliation of our forward-looking adjusted home closings gross margin to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. First Quarter Business Highlights All comparisons are of the current quarter to the prior-year quarter, unless indicated. Homebuilding     •   Home closings revenue decreased approximately 28% to $1.3 billion, driven by an approximately 26% decline in closings volume to 2,268 homes and an approximately 4% decrease in average closing price to $578,000.     •   Home closings gross margin was 20.0% on a reported basis and 20.6% on an adjusted basis, excluding $8.2 million of inventory impairment charges.     •   Net sales orders decreased approximately 14% to 2,914 at an average selling price of $603,000, up approximately 2% year over year. The monthly sales pace was 2.7 per community, up from 2.4 in the fourth quarte