Real Estate

Homebuilder Taylor Morrison reports record June sales


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…


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