OPERATING AND REPORTING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2024

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

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 revenue	52,908		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 closings	2,065,218		1,485,968		2,312,557		—		5,863,743		—		$	5,863,743
All other cost of sales	43,604		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 margin	761,410		483,413		646,653		—		1,891,476		—		$	1,891,476

Total gross margin	770,714		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 revenue	55,308		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 closings	1,900,833		1,443,490		2,107,078		—		5,451,401		—		5,451,401
All other cost of sales	52,478		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 margin	718,489		492,010		496,957		—		1,707,456		—		1,707,456

Total gross margin	721,319		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 revenue	65,808				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 closings	1,963,177				1,522,353				2,418,928				—				5,904,458		—				5,904,458
All other cost of sales	58,359				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 margin	710,774				492,516				781,623				—				1,984,913		—				1,984,913

Total gross margin	718,223				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
	East		Central				West				Financial 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 entities	86,378		164,434				94,864				5,483				351,159		88,562		439,721
Other assets	173,489		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
	East		Central		West		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 entities	63,628		125,610		88,219		5,483		282,940		63,252		346,192
Other assets	177,739		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
	East		Central		West		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 entities	46,629		104,070		80,310		5,283		236,292		46,608		282,900
Other assets	216,816		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