Real Estate

Homebuilder Taylor Morrison reports record June sales

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Taylor Morrison Home Corp. signage stands in front of homes under construction at the La Solara Community in Dublin, California.

David Paul Morris | Bloomberg | Getty Images

Ultra-low mortgage rates, a shortage of existing homes for sale and strong demand for new high-tech houses catapulted homebuilder Taylor Morrison‘s sales into record territory in June.

The Arizona-based company, the nation’s fifth largest homebuilder, saw its net sales increase 94% annually last month, a record pace. It also posted a record sales pace per community. 

Sales were strong across the company’s portfolio, which covers 22 major housing markets in 11 states. Adding to its sales strength, Taylor Morrison…



Source cnbc.com

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