Taylor Morrison Homes: Entering Purgatory NYSE:TMHC
Table of Content Taylor Morrison Homes: Entering Purgatory Shaw 5001 Safety Data Sheet Taylor Homes Ironwood Glue Assist Safety Datasheet Taylor Homes Summary The stock currently trades at around $26.00 a share and sports an approximate market capitalization of $2.85 billion. The housing sector is deteriorating rapidly thanks to mortgage rates crossing the 7% mark for the first time since 2002. Learn how our EasyBuy program is different from construction loans and the cost savings when building your home. Since third quarter results were posted Wednesday, four analyst firms, including Barclays and BTIG, have reiterated or downgraded TMHC to Hold ratings. The average home price for new orders also fell three percent to $619,000. Finally, ending backlog for the quarter was 7,941 sold homes. This was down 23 percent from 3Q2021, with a sales value of $5.4 billion, down 12 percent. The company has solid return on equity metrics, low leverage, is buying back stock, and has seen net