Taylor Morrison plans to spend billions on land and development in 2021

(Photo via Taylor Morrison Facebook)

By Angela Gonzales | Phoenix Business Journal

After investing $478 million in land and development during the third quarter, Taylor Morrison Home Corp. (NYSE: TMHC) is poised to spend a total of $2 billion on land and development for the full year of 2021 — positioning itself for growth into the future.

With plans to close on about 4,600 homes in the fourth quarter, the Scottsdale-based homebuilder is projecting 14,000 home closings for the full year 2021.

Read the full subscription story from the Phoenix Business Journal.

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