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United States

Profile: Taylor Morrison Home Corp (TMHC.N)

TMHC.N on New York Stock Exchange

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9 Dec 2016
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Taylor Morrison Home Corporation, incorporated on November 15, 2012, is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina. The Company operates under the Taylor Morrison and Darling Homes brand names. It also provides financial services to customers through its mortgage subsidiary, Taylor Morrison Home Funding, LLC (TMHF) and title insurance and closing settlement services through its title company, Inspired Title Services, LLC (Inspired Title). The Company's business is organized into over 15 operating divisions aggregated into three homebuilding segments, East, Central and West, and its Mortgage Operations segment, which includes the activities of TMHF and Inspired Title. These segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer service.

Homebuilding Operations

The Company offers a range of designs through its single-family detached and attached product lines. In addition to move-up products, the Company's portfolio also includes entry-level, luxury and 55 or better products. The Company serves all generational groups through its products and focuses on the needs of homebuyers. It operates as community developers. Community development includes the acquisition and development of communities that may include planning and entitlement approvals and completing construction of off-site and on-site utilities and infrastructure. In some communities, it operates as merchant builders, in which case, it acquires fully planned and entitled lots and may construct on-site improvements but normally do not construct off-site utility or infrastructure improvements.

The Company develops a range of communities, which include golf courses, as well as community centers. It also has investments in, and is participants in various joint ventures with related and unrelated parties to develop land and master-planned communities. It develops a number of home designs with features, such as single-story, ranch style living, split bedroom plans and first floor master bedroom suites. The Company's East segment operates in Atlanta, Charlotte, North Florida, Raleigh, and West Florida; Central segment operates in Austin, Dallas, Houston (which includes a Taylor Morrison division and a Darling Homes division); West segment operates in Bay Area, Chicago, Denver, Phoenix, Sacramento, and Southern California.

Mortgage Operations

TMHF provides a number of mortgage-related services to the Company's customers through its mortgage lending operations. The communities in its homebuilding segments offer single-family attached and detached homes.

TMHF operates as a mortgage banker and conducts its business as a Federal Housing Authority (FHA) Full Eagle lender. TMHF funds mortgage loans utilizing warehouse credit line facilities.

Company Address

Taylor Morrison Home Corp

4900 N Scottsdale Rd Ste 2000
SCOTTSDALE   AZ   85251-7656
P: +1480.8408100
F: +1302.6745266

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