And what to expect next as big players jockey for critical mass to lever scale and serve growing customer segments with competitive price points.
By John McManus | Builder
In announcing that it has agreed to acquire AV Homes for $490 million, Taylor Morrison would come within reach of leap-frogging KB Home in the Builder 100 pecking order, creating an 11,000-plus home, $5 billion top-five home building empire.
The $21.50 per share–60% cash and 40% in Taylor Morrison stock–deal’s details in market geography, customer segmentation strategy, price-point positioning, and construction operational processes reflect both a strong incoming fit and a big ongoing demographic opportunity for Taylor Morrison over the next stretch if the transaction closes as expected sometime in the third or fourth quarter of 2018.
