OPERATING AND REPORTING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Summary of Reporting Segments

Our reporting segments are as follows:

East	Atlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa
Central	Austin, Dallas, Denver, Houston, and Indianapolis
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

Summary of Segment Information

Segment information is as follows (in thousands):

	Three Months Ended June 30, 2024
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	694,630	$	493,406	$	749,076	$	48,916	$	5,025	$	1,991,053
Gross margin	178,152		122,628		149,334		20,810		1,364		472,288
Selling(2), general and administrative expenses	(53,062)		(39,965)		(48,067)		—		(55,641)		(196,735)
Net (loss)/income from unconsolidated entities	—		(28)		79		3,001		(424)		2,628
Interest and other (expense)/income, net(3)	(560)		(2,861)		(3,109)		604		(5,038)		(10,964)
Income/(loss) before income taxes	$	124,530	$	79,774	$	98,237	$	24,415	$	(59,739)	$	267,217

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

(2) Includes sales, commissions, and other marketing costs.

(3) Interest and other (expense)/income, net includes pre-acquisition write-offs on terminated projects.

	Three Months Ended June 30, 2023
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	740,064	$	623,207	$	652,257	$	41,914	$	3,122	$	2,060,564
Gross margin	203,165		160,485		119,113		16,572		350		499,685
Selling(2), general and administrative expenses	(47,904)		(45,390)		(47,101)		(91)		(43,197)		(183,683)
Net income/(loss) from unconsolidated entities	—		100		(173)		3,259		—		3,186
Interest and other (expense)/income, net(3)	(1,136)		(1,520)		(3,007)		—		2,234		(3,429)
Income/(loss) before income taxes	$	154,125	$	113,675	$	68,832	$	19,740	$	(40,613)	$	315,759

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

(2) Includes sales, commissions, and other marketing costs.

(3) Interest and other (expense)/income, net includes pre-acquisition write-offs on terminated projects.

	Six Months Ended June 30, 2024
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	1,241,941	$	971,895	$	1,371,905	$	95,875	$	9,189	$	3,690,805
Gross margin	324,040		246,859		272,998		42,626		2,610		889,133
Selling(2), general and administrative expenses	(99,263)		(79,358)		(92,815)		—		(95,463)		(366,899)
Net (loss)/income from unconsolidated entities	—		(69)		53		5,898		(503)		5,379
Interest and other (expense)/income, net(3)	(1,387)		(5,276)		(6,627)		1,334		440		(11,516)
Income/(loss) before income taxes	$	223,390	$	162,156	$	173,609	$	49,858	$	(92,916)	$	516,097

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

(2) Includes sales, commissions, and other marketing costs.

(3) Interest and other (expense)/income, net includes pre-acquisition write-offs on terminated projects.

	Six Months Ended June 30, 2023
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	1,350,877	$	1,088,219	$	1,200,162	$	77,063	$	6,100	$	3,722,421
Gross margin	368,872		271,798		227,741		29,573		1,267		899,251
Selling(2), general and administrative expenses	(90,951)		(82,346)		(87,585)		(91)		(81,731)		(342,704)
Net income/(loss) from unconsolidated entities	—		19		(408)		5,534		(30)		5,115
Interest and other (expense)/income, net(3)	(2,348)		(2,861)		772		—		6,953		2,516
Income/(loss) before income taxes	$	275,573	$	186,610	$	140,520	$	35,016	$	(73,541)	$	564,178

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

(2) Includes sales, commissions, and other marketing costs.

(3) Interest and other (expense)/income, net includes pre-acquisition write-offs on terminated projects.

Summary of Assets by Segment

	As of June 30, 2024
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	2,268,660	$	1,317,295	$	2,905,072	$	—	$	—	$	6,491,027
Investments in unconsolidated entities	69,878		132,586		95,275		5,483		78,349		381,571
Other assets	160,245		235,953		602,290		400,444		827,539		2,226,471
Total assets	$	2,498,783	$	1,685,834	$	3,602,637	$	405,927	$	905,888	$	9,099,069

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

	As of December 31, 2023
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	1,909,084	$	1,181,014	$	2,658,565	$	—	$	—	$	5,748,663
Investments in unconsolidated entities	63,628		125,610		88,219		5,483		63,252		346,192
Other assets	177,739		214,685		616,210		298,451		1,270,147		2,577,232
Total assets	$	2,150,451	$	1,521,309	$	3,362,994	$	303,934	$	1,333,399	$	8,672,087

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