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REPORTING SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022
 EastCentralWestFinancial Services
Corporate
and
Unallocated(1)
Total
Total revenue$635,862 $457,512 $832,274 $35,471 $33,904 $1,995,023 
Gross margin174,535 117,356 222,687 13,988 12,914 541,480 
Selling, general and administrative expenses(44,589)(33,499)(42,374)— (45,080)(165,542)
Net (loss)/income from unconsolidated entities— (39)(5,793)2,195 — (3,637)
Interest and other income/(expense), net(2)
10,110 (1,076)(3,703)— 494 5,825 
Gain on extinguishment of debt, net— — — — 13,471 13,471 
Income/(loss) before income taxes$140,056 $82,742 $170,817 $16,183 $(18,201)$391,597 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes pre-acquisition write-offs of terminated projects.
 Three Months Ended June 30, 2021
 EastCentralWestFinancial Services
Corporate
and
Unallocated (1)
Total
Total revenue$581,362 $385,839 $714,439 $37,392 $248 $1,719,280 
Gross margin122,241 68,606 126,593 11,457 (194)328,703 
Selling, general and administrative expenses(46,365)(32,342)(47,203)— (41,647)(167,557)
Net (loss)/income from unconsolidated entities— (6)4 2,128 — 2,126 
Interest and other income/(expense), net (2)
49 (518)(1,311)— 1,732 (48)
Income/(loss) before income taxes$75,925 $35,740 $78,083 $13,585 $(40,109)$163,224 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes pre-acquisition write-offs of terminated projects.
Six Months Ended June 30, 2022
 EastCentralWestFinancial
Services
Corporate
and
Unallocated(1)
Total
Total revenue$1,160,983 $828,247 $1,602,484 $70,670 $35,763 $3,698,147 
Gross margin300,226 191,364 404,218 24,973 13,827 934,608 
Selling, general and administrative expenses(84,915)(62,939)(85,893)— (89,060)(322,807)
Net income/(loss) from unconsolidated entities— 46 (6,105)4,253 — (1,806)
Interest and other income/(expense), net(2)
9,678 (2,936)(5,669)— (42)1,031 
Gain on extinguishment of debt, net— — — — 13,471 13,471 
Income/(loss) before income taxes$224,989 $125,535 $306,551 $29,226 $(61,804)$624,497 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes pre-acquisition write-offs of terminated projects.

 Six Months Ended June 30, 2021
EastCentralWestFinancial
Services
Corporate
and
Unallocated(1)
Total
Total revenue$1,034,723 $708,452 $1,312,169 $81,457 $291 $3,137,092 
Gross margin207,308 133,784 231,031 31,523 (502)603,144 
Selling, general and administrative expenses(84,964)(60,900)(88,755)— (80,443)(315,062)
Net (loss)/income from unconsolidated entities— (70)1,996 5,871 (10)7,787 
Interest and other income/(expense), net (2)
91 (891)(1,420)— 1,316 (904)
Income/(loss) before income taxes$122,435 $71,923 $142,852 $37,394 $(79,639)$294,965 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes pre-acquisition write-offs of terminated projects.
Summary of Assets by Segment
 As of June 30, 2022
 EastCentralWestFinancial Services
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$2,017,995 $1,514,185 $2,792,502 $— $— $6,324,682 
Investments in unconsolidated entities42,283 89,454 127,811 4,342 27,670 291,560 
Other assets167,882 220,763 566,028 302,182 777,126 2,033,981 
Total assets$2,228,160 $1,824,402 $3,486,341 $306,524 $804,796 $8,650,223 
(1) Includes corporate cash and the assets from our Build-To-Rent and Urban Form operations.
 
 As of December 31, 2021
 EastCentralWestFinancial Services
Corporate
and
Unallocated (1)
Total
Real estate inventory and land deposits$1,781,948 $1,282,024 $2,665,084 $— $— $5,729,056 
Investments in unconsolidated entities— 87,600 79,531 4,275 — 171,406 
Other assets196,126 221,906 588,520 559,233 1,261,530 2,827,315 
Total assets$1,978,074 $1,591,530 $3,333,135 $563,508 $1,261,530 $8,727,777 
(1) Includes corporate cash and the assets from our Build-To-Rent and Urban Form operations.