REPORTING SEGMENTS

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

REPORTING SEGMENTS

12. REPORTING SEGMENTS

We have multiple homebuilding operating components which are engaged in the business of acquiring and developing land, constructing homes, marketing and selling homes, and providing warranty and customer service. We aggregate our homebuilding operating components into three reporting segments, East, Central, and West, based on similar long-term economic characteristics. The activity from our Build-to-Rent and Urban Form operations are included in our Corporate segment. We also have a Financial Services reporting segment. We have no inter-segment sales as all sales are to external customers.

Our reporting segments are as follows:

East	Atlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa
Central	Austin, Dallas, Denver, and Houston
West	Bay Area, Las Vegas, Phoenix, Portland, Sacramento, Seattle, and Southern California
Financial Services	Taylor Morrison Home Funding, Inspired Title Services, and Taylor Morrison Insurance Services

Segment information is as follows (in thousands):

	Three Months Ended March 31, 2023
	East			Central			West			Financial Services		Corporate and Unallocated(1)			Total
Total revenue	$	610,813		$	465,011		$	547,906		$	35,149	$	2,978		$	1,661,857
Gross margin		165,707			111,313			108,627			13,001		918			399,566
Selling, general and administrative expenses		(43,047	)		(36,956	)		(40,484	)		—		(38,534	)		(159,021	)
Net (loss)/income from unconsolidated entities		—			(82	)		(235	)		2,275		(29	)		1,929
Interest and other (expense)/income, net		(1,212	)		(1,341	)		3,779			—		4,719			5,945
Income/(loss) before income taxes	$	121,448		$	72,934		$	71,687		$	15,276	$	(32,926	)	$	248,419

(1)Includes the activity from our Build-To-Rent and Urban Form operations.

	Three Months Ended March 31, 2022
	East			Central			West			Financial Services		Corporate and Unallocated(1)			Total
Total revenue	$	525,121		$	370,735		$	770,210		$	35,199	$	1,859		$	1,703,124
Gross margin		125,691			74,008			181,531			10,985		913			393,128
Selling, general and administrative expenses		(40,326	)		(29,440	)		(43,519	)		—		(43,980	)		(157,265	)
Net (loss)/income from unconsolidated entities		—			85			(312	)		2,058		—			1,831
Interest and other income/(expense), net		(432	)		(1,860	)		(1,966	)		—		(536	)		(4,794	)
Income/(loss) before income taxes	$	84,933		$	42,793		$	135,734		$	13,043	$	(43,603	)	$	232,900

(1)Includes the activity from our Build-To-Rent and Urban Form operations.

	As of March 31, 2023
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	1,837,715	$	1,292,465	$	2,430,780	$	—	$	—	$	5,560,960
Investments in unconsolidated entities		49,359		108,706		80,958		6,711		49,021		294,755
Other assets		158,939		255,225		589,270		271,726		1,245,312		2,520,472
Total assets	$	2,046,013	$	1,656,396	$	3,101,008	$	278,437	$	1,294,333	$	8,376,187

(1)Includes the assets from our Build-To-Rent and Urban Form operations.

	As of December 31, 2022
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	1,820,765	$	1,359,805	$	2,453,662	$	—	$	—	$	5,634,232
Investments in unconsolidated entities		46,629		104,070		80,310		5,283		46,608		282,900
Other assets		216,816		251,727		613,029		431,535		1,040,485		2,553,592
Total assets	$	2,084,210	$	1,715,602	$	3,147,001	$	436,818	$	1,087,093	$	8,470,724

(1)Includes the assets from our Build-To-Rent and Urban Form operations.