Real Estate

Taylor Morrison CEO says strength of housing market is broadening out

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Taylor Morrison CEO Sheryl Palmer told CNBC Thursday the strength in the housing market has broadened out in recent months, adding another layer to the pandemic-era residential real estate boom.

“It’s a phenomenal dynamic we’re seeing out in the marketplace,” Palmer said in an interview on “Closing Bell,” one day after the nation’s fifth largest homebuilder reported fourth-quarter revenue of $1.6 billion, up 6% year over year. Net sales orders were up 46% compared with the same period a year earlier.

“We’re seeing strength across pretty much all geographies as well as all consumer groups. That’s a shift from a few months ago,” said Palmer, who has led Scottsdale, Arizona-based Taylor…



Source cnbc.com

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