OPERATING AND REPORTING SEGMENTS (Tables)

9 Months Ended

Sep. 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 September 30, 2024
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	766,821	$	517,418	$	781,626	$	49,654	$	5,323	$	2,120,842
Gross margin	209,650		127,647		169,652		22,350		1,770		531,069
Selling(2), general and administrative expenses	(56,260)		(45,188)		(48,315)		—		(49,578)		(199,341)
Net income/(loss) from unconsolidated entities	—		38		(4)		1,337		(664)		707
Interest and other income/(expense), net(3)	6,092		(2,436)		(2,323)		438		(1,515)		256
Income/(loss) before income taxes	$	159,482	$	80,061	$	119,010	$	24,125	$	(49,987)	$	332,691

(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 income/(expense), net includes pre-acquisition write-offs on terminated projects. In addition, the East reporting segment includes the estimated development liabilities change in estimate for the three months ended September 30, 2024.

	Three Months Ended September 30, 2023
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	582,557	$	433,610	$	615,817	$	40,045	$	3,516	$	1,675,545
Gross margin	158,096		109,481		106,103		16,917		1,121		391,718
Selling(2), general and administrative expenses	(42,957)		(37,712)		(45,442)		91		(41,771)		(167,791)
Net (loss)/income from unconsolidated entities	—		(81)		341		1,671		3		1,934
Interest and other (expense)/income, net(3)	(425)		(2,380)		(2,929)		—		8,548		2,814
Loss on extinguishment of debt, net	—		—		—		—		(269)		(269)
Income/(loss) before income taxes	$	114,714	$	69,308	$	58,073	$	18,679	$	(32,368)	$	228,406

(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.

	Nine Months Ended September 30, 2024
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	2,008,762	$	1,489,313	$	2,153,531	$	145,529	$	14,512	$	5,811,647
Gross margin	533,690		374,506		442,650		64,976		4,380		1,420,202
Selling(2), general and administrative expenses	(155,523)		(124,546)		(141,130)		—		(145,041)		(566,240)
Net (loss)/income from unconsolidated entities	—		(31)		49		7,235		(1,167)		6,086
Interest and other income/(expense), net(3)	4,705		(7,712)		(8,950)		1,772		(1,075)		(11,260)
Income/(loss) before income taxes	$	382,872	$	242,217	$	292,619	$	73,983	$	(142,903)	$	848,788

(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 income/(expense), net includes pre-acquisition write-offs on terminated projects. In addition, the East reporting segment includes the estimated development liabilities change in estimate for the nine months ended September 30, 2024.

	Nine Months Ended September 30, 2023
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	1,933,434	$	1,521,829	$	1,815,980	$	117,108	$	9,615	$	5,397,966
Gross margin	526,968		381,279		333,843		46,490		2,389		1,290,969
Selling(2), general and administrative expenses	(133,908)		(120,058)		(133,027)		—		(123,502)		(510,495)
Net (loss)/income from unconsolidated entities	—		(63)		(67)		7,205		(26)		7,049
Interest and other (expense)/income, net(3)	(2,773)		(5,241)		(2,157)		—		15,501		5,330
Loss on extinguishment of debt, net	—		—		—		—		(269)		(269)
Income/(loss) before income taxes	$	390,287	$	255,917	$	198,592	$	53,695	$	(105,907)	$	792,584

(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 September 30, 2024
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	2,379,080	$	1,315,754	$	3,019,658	$	—	$	—	$	6,714,492
Investments in unconsolidated entities	81,378		133,182		94,932		5,483		82,086		397,061
Other assets	156,550		220,638		617,623		344,899		849,173		2,188,883
Total assets	$	2,617,008	$	1,669,574	$	3,732,213	$	350,382	$	931,259	$	9,300,436

(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.