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REPORTING SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Summary of Reporting Segments
Our reporting segments are as follows:
 
EastAtlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa
CentralAustin, Dallas, Denver, and Houston
WestBay Area, Las Vegas, Phoenix, Portland, Sacramento, Seattle, and Southern California
Financial ServicesTaylor Morrison Home Funding, Inspired Title Services, and Taylor Morrison Insurance Services
Summary of Segment Information
Segment information is as follows (in thousands):

 Three Months Ended September 30, 2021
 EastCentralWestFinancial Services
Corporate
and
Unallocated(1)
Total
Total revenue$571,879 $401,948 $846,082 $38,046 $796 $1,858,751 
Gross margin129,234 78,292 173,062 11,844 18 392,450 
Selling, general and administrative expenses(43,439)(31,325)(48,627)— (44,219)(167,610)
Equity in (loss)/income of unconsolidated entities— (15)143 1,354 — 1,482 
Interest and other income/(expense), net(2)
(419)(803)254 — 211 (757)
Income/(loss) before income taxes$85,376 $46,149 $124,832 $13,198 $(43,990)$225,565 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes transaction related expenses and pre-acquisition write-offs of terminated projects.
 Three Months Ended September 30, 2020
 EastCentralWestFinancial Services
Corporate
and
Unallocated (1)
Total
Total revenue$507,541 $426,275 $718,167 $47,451 $— $1,699,434 
Gross margin90,018 87,352 107,075 25,244 — 309,689 
Selling, general and administrative expenses(41,450)(33,181)(45,525)— (27,011)(147,167)
Equity in (loss)/income of unconsolidated entities— (5)325 2,637 — 2,957 
Interest and other expense, net (2)
(194)(359)(2,880)(1,442)(1,399)(6,274)
Loss on extinguishment of debt— — — — (10,247)(10,247)
Income/(loss) before income taxes$48,374 $53,807 $58,995 $26,439 $(38,657)$148,958 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes transaction related expenses and pre-acquisition write-offs of terminated projects.
Nine Months Ended September 30, 2021
 EastCentralWestFinancial
Services
Corporate
and
Unallocated(1)
Total
Total revenue$1,606,603 $1,110,399 $2,158,251 $119,503 $1,087 $4,995,843 
Gross margin336,542 212,076 404,093 43,367 (484)995,594 
Selling, general and administrative expenses(128,402)(92,225)(137,384)— (124,661)(482,672)
Equity in (loss)/income of unconsolidated entities— (85)2,139 7,225 (10)9,269 
Interest and other income/(expense), net(2)
(328)(1,694)(1,165)— 1,526 (1,661)
Income/(loss) before income taxes$207,812 $118,072 $267,683 $50,592 $(123,629)$520,530 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes transaction related expenses and pre-acquisition write-offs of terminated projects.

 Nine Months Ended September 30, 2020
EastCentralWestFinancial
Services
Corporate
and
Unallocated(1)
Total
Total revenue$1,405,556 $1,280,479 $1,745,279 $115,787 $24,717 $4,571,818 
Gross margin226,771 234,723 240,864 50,137 (872)751,623 
Selling, general and administrative expenses(118,249)(101,405)(121,337)— (88,179)(429,170)
Equity in (loss)/income of unconsolidated entities— (166)899 8,164 (19)8,878 
Interest and other expense, net (2)
(308)(4,230)(16,170)(8,880)(86,469)(116,057)
Loss on extinguishment of debt— — — — (10,247)(10,247)
Income/(loss) before income taxes$108,214 $128,922 $104,256 $49,421 $(185,786)$205,027 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes transaction related expenses and pre-acquisition write-offs of terminated projects.
Summary of Assets by Segment
 As of September 30, 2021
 EastCentralWestFinancial Services
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$1,859,846 $1,387,972 $2,820,108 $— $— $6,067,926 
Investments in unconsolidated entities— 65,633 75,872 4,275 — 145,780 
Other assets147,866 234,912 580,877 384,706 840,982 2,189,343 
Total assets$2,007,712 $1,688,517 $3,476,857 $388,981 $840,982 $8,403,049 
(1) Includes the assets from our Build-To-Rent and Urban Form operations.
 
 As of December 31, 2020
 EastCentralWestFinancial Services
Corporate
and
Unallocated (1)
Total
Real estate inventory and land deposits$1,712,852 $1,176,604 $2,568,595 $— $— $5,458,051 
Investments in unconsolidated entities— 58,052 65,395 4,498 10 127,955 
Other assets170,382 192,981 578,231 284,265 926,130 2,151,989 
Total assets$1,883,234 $1,427,637 $3,212,221 $288,763 $926,140 $7,737,995 
(1) Includes the assets from our Build-To-Rent and Urban Form operations.