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OPERATING AND REPORTING SEGMENTS
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
OPERATING AND REPORTING SEGMENTS OPERATING AND 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.
The Company defines the Chief Operating Decision Maker ("CODM") function as the Chief Executive Officer, the Chief Financial Officer, and the Chief Corporate Operations Officer. On a quarterly basis, the CODM is provided with the financial results and key performance metrics at consolidated and disaggregated levels. The Company’s CODM assesses the segment's performance by using each segment's gross margin and income before income taxes (which includes certain corporate overhead allocations to each homebuilding segment for certain costs such as travel and entertainment and payroll related costs for the marketing department). The CODM makes company decisions and allocates resources based on the results and performance of the reporting segments.

Our reporting segments are as follows:
EastAtlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa
Central
Austin, Dallas, Denver, Houston, and Indianapolis
WestBay Area, Las Vegas, Phoenix, Portland, Sacramento, Seattle, and Southern California
Financial ServicesTaylor Morrison Home Funding, Inspired Title Services, and Taylor Morrison Insurance Services
Operating results for each segment may not be indicative of the results for such segment had it been an independent, stand-alone entity. The prior year tables shown below include Total costs of sales and a disaggregation of Sales, commissions and other marketing costs and General and administrative expenses as a result of the adoption of ASU 2023-07, Improvements to Reportable Segment Disclosures. The segment information is consistent with the metrics reviewed in the CODMs package and is as follows (in thousands):
 Year Ended December 31, 2024
 
East
Central
West
Financial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Home closings revenue, net$2,826,628 $1,969,381 $2,959,210 $— $7,755,219 $— $7,755,219 
All other revenue52,908 24,514 27,607 199,459 304,488 108,429 $412,917 
Total revenue
2,879,536 1,993,895 2,986,817 199,459 8,059,707 108,429 8,168,136 
Cost of home closings2,065,218 1,485,968 2,312,557 — 5,863,743 — $5,863,743 
All other cost of sales43,604 20,825 34,569 108,592 207,590 112,591 $320,181 
Total cost of sales
2,108,822 1,506,793 2,347,126 108,592 6,071,333 112,591 6,183,924 
Home closings gross margin761,410 483,413 646,653 — 1,891,476 — $1,891,476 
Total gross margin770,714 487,102 639,691 90,867 1,988,374 (4,162)$1,984,212 
Sales, commissions and other marketing costs(2)
(169,270)(131,997)(146,909)— (448,176)(7,916)$(456,092)
General and administrative expenses(47,888)(34,501)(46,514)— (128,903)(185,503)$(314,406)
Net (loss)/income from unconsolidated entities
— (51)(28)8,915 8,836 (2,489)$6,347 
Interest and other (expense)/income, net(3)
(771)(16,087)(6,646)2,112 (21,392)(42,551)$(63,943)
Income before income taxes
$552,785 $304,466 $439,594 $101,894 $1,398,739 $(242,621)$1,156,118 
(1)Includes the activity from our Build-To-Rent and Urban Form operations
(2)Includes corporate marketing expense allocations
(3)Interest and other (expense)/income, net includes pre-acquisition write-offs of terminated projects.
 Year Ended December 31, 2023
 
East
Central
West
Financial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Home closings revenue, net$2,619,322 $1,935,500 $2,604,035 $— $7,158,857 $— $7,158,857 
All other revenue55,308 28,765 1,414 160,312 245,799 13,175 258,974 
Total revenue
2,674,630 1,964,265 2,605,449 160,312 7,404,656 13,175 7,417,831 
Cost of home closings1,900,833 1,443,490 2,107,078 — 5,451,401 — 5,451,401 
All other cost of sales52,478 24,846 2,053 93,989 173,366 9,991 183,357 
Total cost of sales
1,953,311 1,468,336 2,109,131 93,989 5,624,767 9,991 5,634,758 
Home closings gross margin718,489 492,010 496,957 — 1,707,456 — 1,707,456 
Total gross margin721,319 495,929 496,318 66,323 1,779,889 3,184 1,783,073 
Sales, commissions and other marketing costs(2)
(145,943)(128,914)(136,522)— (411,379)(6,755)(418,134)
General and administrative expenses(39,381)(29,893)(42,306)— (111,580)(168,993)(280,573)
Net (loss)/income from unconsolidated entities— (98)(217)9,148 8,833 (76)8,757 
Interest and other (expense)/income, net(3)
(73,205)(7,608)3,981 — (76,832)1,842 (74,990)
Loss on extinguishment of debt
— — — — — (295)(295)
Income before income taxes
$462,790 $329,416 $321,254 $75,471 $1,188,931 $(171,093)$1,017,838 
(1)Includes the assets from our Build-To-Rent and Urban Form operations
(2)Includes corporate marketing expense allocations
(3)Interest and other (expense)/income, net includes pre-acquisition write-offs of terminated projects.
 Year Ended December 31, 2022
 
East
Central
West
Financial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Home closings revenue, net$2,673,951 $2,014,869 $3,200,551 $— $7,889,371 $— $7,889,371 
All other revenue65,808 9,861 28,302 135,491 $239,462 96,084 335,546 
Total revenue
2,739,759 2,024,730 3,228,853 135,491 8,128,833 96,084 8,224,917 
Cost of home closings1,963,177 1,522,353 2,418,928 — 5,904,458 — 5,904,458 
All other cost of sales58,359 9,371 17,981 83,960 169,671 58,422 228,093 
Total cost of sales
2,021,536 1,531,724 2,436,909 83,960 6,074,129 58,422 6,132,551 
Home closings gross margin710,774 492,516 781,623 — 1,984,913 — 1,984,913 
Total gross margin718,223 493,006 791,944 51,531 2,054,704 37,662 2,092,366 
Sales, commissions and other marketing costs(2)
(141,729)(112,701)(128,339)— (382,769)(15,305)(398,074)
General and administrative expenses(38,448)(25,123)(39,412)— (102,983)(142,155)(245,138)
Net (loss)/income from unconsolidated entities— (55)(18,445)5,271 (13,229)(955)(14,184)
Interest and other expense, net(3)
(6,725)(10,364)(23,881)— (40,970)(15,201)(56,171)
Gain on extinguishment of debt— — — — — 13,876 13,876 
Income before income taxes
$531,321 $— $344,763 $— $581,867 $— $56,802 $— $1,514,753 $(122,078)$— $1,392,675 
(1)Includes the assets from our Build-To-Rent and Urban Form operations
(2)Includes corporate marketing expense allocations
(3)Interest and other (expense)/income, net includes pre-acquisition write-offs of terminated projects
 As of December 31, 2024
 EastCentralWestFinancial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$2,389,791 $1,296,272 $2,847,689 $— $6,533,752 $— $6,533,752 
Investments in unconsolidated entities86,378 164,434 94,864 5,483 351,159 88,562 439,721 
Other assets173,489 225,846 610,212 297,107 1,306,654 1,017,004 2,323,658 
Total assets$2,649,658 $1,686,552 $— $3,552,765 $— $302,590 $— $8,191,565 $1,105,566 $9,297,131 
(1)Includes the assets from our Build-To-Rent and Urban Form operations.
 As of December 31, 2023
 EastCentralWest
Financial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$1,909,084 $1,181,014 $2,658,565 $— $5,748,663 $— $5,748,663 
Investments in unconsolidated entities63,628 125,610 88,219 5,483 282,940 63,252 346,192 
Other assets177,739 214,685 616,210 298,451 1,307,085 1,270,147 2,577,232 
Total assets$2,150,451 $1,521,309 $3,362,994 $303,934 $7,338,688 $1,333,399 $8,672,087 
(1)Includes the assets from our Build-To-Rent and Urban Form operations.
 As of December 31, 2022
 EastCentralWest
Financial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$1,820,765 $1,359,805 $2,453,662 $— $5,634,232 $— $5,634,232 
Investments in unconsolidated entities46,629 104,070 80,310 5,283 236,292 46,608 282,900 
Other assets216,816 251,727 613,029 431,535 1,513,107 1,040,485 2,553,592 
Total assets$2,084,210 $1,715,602 $3,147,001 $436,818 $7,383,631 $1,087,093 $8,470,724 
(1)Includes the assets from our Build-To-Rent and Urban Form operations.