By Angela Gonzales | Phoenix Business Journal
Taylor Morrison Home Corp. has reported the best month in the Scottsdale homebuilder’s history, despite the COVID-19 pandemic.
The company finished June 2020 with a 94% increase in net sales orders year over year for a total of 1,715 and a monthly all-time high pace of 4.3 average sales per community.
It’s not as if the company was immune to COVID-19, as those economic hardships were felt most at the beginning of the quarter, according to a filing with the U.S. Securities and Exchange Commission on July 8.
Taylor Morrison finished the second quarter with net sales orders up approximately 23% year over year and a sales pace of 2.8.
Closings for the quarter came in at 3,212, an increase of approximately 24% compared with the same period in 2019. Sales order backlog of homes under contract increased approximately 35% to 6,805 homes, with a sales value of $3.2 billion at June 30 compared with a sales value of $2.5 billion as of June 30, 2019, according to the SEC filing.
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