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OPERATING AND REPORTING SEGMENTS
 3 Months Ended
Mar. 31, 2026
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 and Unallocated 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 each segment's performance by using each segment's total 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
CentralAustin, Dallas, Denver, Houston, and Indianapolis
West
Bay Area, Las Vegas, Pacific Northwest, Phoenix, Sacramento, and Southern California
Financial Services
Taylor Morrison Home Funding, Inspired Title, 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 segment information is consistent with the metrics reviewed by the CODM and is as follows (in thousands):
Three Months Ended March 31, 2026
East Central West Financial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Home closings revenue, net$469,061 $271,158 $571,202 $— $1,311,421 $— $1,311,421 
All other revenue20,402 158 867 49,264 70,691 4,980 75,671 
Total revenue489,463 271,316 572,069 49,264 1,382,112 4,980 1,387,092 
Cost of home closings365,950 217,030 466,720 — 1,049,700 — 1,049,700 
All other cost of revenue18,184 74 765 24,451 43,474 3,280 46,754 
Total cost of revenue384,134 217,104 467,485 24,451 1,093,174 3,280 1,096,454 
Home closings gross margin103,111 54,128 104,482 — 261,721 — 261,721 
Total gross margin105,329 54,212 104,584 24,813 288,938 1,700 290,638 
Sales, commissions and other marketing costs(2)
(35,030)(22,675)(30,475)— (88,180)(1,696)(89,876)
General and administrative expenses(13,593)(8,509)(11,618)— (33,720)(25,251)(58,971)
Net (loss)/income from unconsolidated entities(1,355)(74)(71)4,578 3,078 (201)2,877 
Interest and other (expense)/income, net(3)
(4,947)(7,349)(14,852)319 (26,829)12,843 (13,986)
Income before income taxes$50,404 $15,605 $47,568 $29,710 $143,287 $(12,605)$130,682 
(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 includes pre-acquisition write-offs of terminated projects.
Three Months Ended March 31, 2025
EastCentralWestFinancial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Home closings revenue, net$625,714 $477,494 $726,860 $— $1,830,068 $— $1,830,068 
All other revenue6,098 3,721 888 51,193 61,900 4,051 65,951 
Total revenue631,812 481,215 727,748 51,193 1,891,968 4,051 1,896,019 
Cost of home closings473,553 361,657 556,150 — 1,391,360 — 1,391,360 
All other cost of revenue6,288 2,950 932 28,321 38,491 2,894 41,385 
Total cost of revenue479,841 364,607 557,082 28,321 1,429,851 2,894 1,432,745 
Home closings gross margin152,161 115,837 170,710 — 438,708 — 438,708 
Total gross margin151,971 116,608 170,666 22,872 462,117 1,157 463,274 
Sales, commissions and other marketing costs(2)
(39,383)(30,190)(36,052)— (105,625)(3,451)(109,076)
General and administrative expenses(11,996)(8,081)(11,937)— (32,014)(35,534)(67,548)
Net income/(loss) from unconsolidated entities— 58 (49)3,096 3,105 (1,130)1,975 
Interest and other (expense)/income, net(3)
(4,088)(3,837)(5,254)340 (12,839)2,783 (10,056)
Income before income taxes$96,504 $74,558 $117,374 $26,308 $314,744 $(36,175)$278,569 
(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 includes pre-acquisition write-offs on terminated projects.

As of March 31, 2026
EastCentralWestFinancial Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$2,591,838 $1,208,053 $2,826,949 $— $6,626,840 $— $6,626,840 
Investments in unconsolidated entities91,324 211,112 73,440 5,563 381,439 101,572 483,011 
Other assets219,526 239,225 588,303 246,872 1,293,926 1,368,222 2,662,148 
Total assets$2,902,688 $1,658,390 $3,488,692 $252,435 $8,302,205 $1,469,794 $9,771,999 
(1) Includes the assets from our Build-To-Rent and Urban Form operations.
As of December 31, 2025
EastCentralWestFinancial
Services
Operating and Reporting Segment Subtotal
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$2,471,115 $1,177,184 $2,853,054 $— $6,501,353 $— $6,501,353 
Investments in unconsolidated entities97,679 206,571 75,473 5,483 385,206 101,772 486,978 
Other assets226,288 272,770 581,059 227,218 1,307,335 1,542,131 2,849,466 
Total assets$2,795,082 $1,656,525 $3,509,586 $232,701 $8,193,894 $1,643,903 $9,837,797 
(1) Includes the assets from our Build-To-Rent and Urban Form operations.