Taylor Morrison honored as Hanley Wood announces 2020 Builder of the Year award

Apr 10, 2020

Due to COVID-19 delays, this award will be presented during live awards proceedings at the 2020 Builder 100 event, Nov. 2-4, at the Ritz-Carlton in Dana Point, California.

Washington, D.C. – April 10, 2020 – Hanley Wood | Meyers Research, the housing industry’s foremost advisors and provider of rich data, today announced that it is honoring Taylor Morrison as BUILDER magazine’s 2020 Builder of the Year. Due to COVID-19 delays, this award will be presented during live awards proceedings at the 2020 Builder 100 event, Nov. 2-4, at the Ritz-Carlton in Dana Point, California.

“In these trying times, we are thrilled to be honored by such an esteemed organization for our company’s story and heart that truly transcends every facet of our brand... and we will continue to proudly serve as a beacon in the homebuilding community.”

Sheryl Palmer, Taylor Morrison Chairman and CEO

Taylor Morrison’s bold strategic path – toward extending its geographical footprint, shoring up its “barbell strategy” customer segmentation balance, expanding its real estate pipeline, burrowing boldly into the single-family-for-rent vanguard – date back eight years to its $722 million IPO, and acquisition of Texas-based Darling Homes.

The strategic “wins” of the past 18 months – as Taylor Morrison raced to be both the leading home builder its customers aspire to come to, and an enterprise its shareholders can count on for sustainable value creation – shine no less brightly for the fact of COVID-19’s sudden, bewildering impact.

Completion of integration of late-2018 acquisition of AV Homes, fueling a new engine of opportunity versus the surging entry-level market.
Completion of a strategic agreement to supply real estate and production capacity to single-family-built-for-rent community developer Christopher Todd Communities.
Acquisition of William Lyon Homes, giving the enterprise even greater strength consistent with its customer segmentation focus, adding purchasing and local land intel clout, and marrying with another powerful brand in customer trust, credibility, and quality.

“The Taylor Morrison team, under Sheryl Palmer’s leadership, is an inspirational example of resilience and adaptability in action in any time, but never more than now."

Jeff Meyers, Hanley Wood | Meyers Research CEO

At the same time, Taylor Morrison CEO Sheryl Palmer has committed energies, focus, and fanaticism to working with her corporate brain trust on transforming the meaning, essence, and model of what a big home building company should be. The results of this work are evident and profound:

Recognized as America’s most-trusted home builder, five years running
Selected to Fortune’s Most Admired companies this year
Shot up the charts among companies talented businesspeople Most Want to Work for

Read the full interview on BUILDER