(Disclosure: Rose Law Group represents Meritage Homes and Taylor Morrison.)
By Vincent Salandro | Builder
Choppy conditions and a slower than typical start to the spring selling season impacted public builder earnings during the first quarter of 2025.
After PulteGroup reported earnings on April 22, six additional builders—NVR, Meritage Homes, Taylor Morrison, Century Communities, M/I Homes, and Tri Pointe Homes—reported financial results during the week of April 21. Each builder echoed similar sentiments related to consumer confidence, economic uncertainty, and slower-than-typical traffic during the first three months of 2025.
After D.R. Horton kicked off the latest earning period with soft year-over-year performance in orders and closings, the majority of reporting builders noted similar patterns in the fiscal first quarter. While Taylor Morrison reported year-over-year growth in closings revenue and closings in the period, chairman and CEO Sheryl Palmer noted that 2025 will “represent a speed bump” on the company’s path toward its 2028 goal of 20,000 annual closings.
