Taylor Morrison Home Corporation (NYSE: TMHC), a leading national homebuilder, reported strong financial results for the third quarter of 2024, reflecting robust housing market conditions and the company's operational excellence.

Net income soared to $251.1 million, or $2.37 per diluted share, compared to $170.7 million, or $1.54 per diluted share, in the same period last year. Total revenue increased 26.6% year-over-year to $2.12 billion, fueled by a 25.9% rise in home closings revenue to $2.03 billion.

The company's net sales orders climbed 9.2% to 2,830 homes, with the sales value up 2.9% to $1.66 billion, driven by strong demand across its markets. Home closings gross margin improved to 24.8%, up from 23.1% in the third quarter of 2023, reflecting the company's focus on cost management and operational efficiency.

"Our third-quarter results clearly demonstrate the benefits of our diversified consumer and geographic strategy, as well as our team's impressive execution in the face of continued interest rate volatility and economic uncertainty," said Sheryl Palmer, Taylor Morrison CEO and Chairman. "By meeting the needs of well-qualified homebuyers with appropriate product offerings in prime community locations, we continue to benefit from healthy demand and pricing resiliency across our portfolio."