Real Estate

Taylor Morrison CEO says strength of housing market is broadening out


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…


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