(Disclosure: Rose Law Group represents Taylor Morrison.)
By Vincent Salandro | Builder
Demand remained resilient in the third quarter for Taylor Morrison, helping the home builder deliver strong core financial results and margins above historical norms. However, the seventh largest company on the 2023 BUILDER 100 noted that the spike in interest rates in September began to take a toll on buyers.
“We acknowledge that the rapid reacceleration in interest rates in September has once again injected some hesitation into the market and drove a moderation in sales momentum that has continued into October alongside typical seasonal slowing,” Taylor Morrison chairman and CEO Sheryl Palmer said on the home builder’s earnings call.
