TMHC - Taylor Morrison Home Corporation: After Rising Through The Roof Shares Offer Additional Upside

2024-05-26 01:41:11 ET

Summary

• Taylor Morrison Home Corporation shares have outperformed the broader market, up 26.3% since August 2023 and 101.6% since January 2022.
• Despite mixed financial performance, shares of Taylor Morrison still appear attractive on an absolute and relative basis.
• Positive indicators, such as net new orders and lower cancellation rates, suggest that demand for homes is increasing, benefiting the company and its investors.

I have always found the homebuilding industry to be a fascinating space. Perpetual undersupply and an asset that historically almost always goes up makes for an appealing prospect if the price is right. This, in turn, should make any homebuilder that is well run worth considering. That has been the attitude with which I have approached every analysis of Taylor Morrison Home Corporation ( TMHC ) since first writing about it in January of 2022....

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