Taylor Morrison reports Q4 adj. EPS 86c, consensus 39c
Reports Q4 revenue $1.46B, consensus $1.45B. "We continue to believe that the current new home sales environment has best been described as a break in momentum as the industry finds its new normal. The conditions the industry experienced during the back half of 2018 in regard to interest rates, affordability and the resulting press coverage, led many potential buyers that had been in the market to take a wait and see approach. With that said, there continues to be plenty of macro data points that give us confidence in the near-term outlook. Unemployment and job creation are still at historically very healthy levels, incomes continue to grow, many of the major markets in the U.S. continue to have limited housing supply and the industry continues to be under-built based on historical averages," said Chairman and CEO, Sheryl Palmer.