10 Best Residential Construction Stocks to Buy

5. Taylor Morrison Home Corporation (NYSE:TMHC)

Number of Hedge Fund Holders: 44

Taylor Morrison Home Corporation (NYSE:TMHC) is one of the leading American homebuilders which has operations across 20 markets in 12 states and caters to the needs of diverse consumers including first-time, move-up, and resort lifestyle homebuyers and renters. The company’s financial services segment offers mortgage financing, title services, and homeowners’ insurance.

The leading national land developer and homebuilder has a company legacy that dates back over 100 years. The home builder favors from an attractive national footprint spanning some of the highest-growth markets and prime locations across the US. This concentration in prime locations enhances its portfolio’s through-the-cycle resiliency. Alongside a leading national, regional, and local scale, the homebuilder continues to benefit from a diverse portfolio serving consumers across the homebuyer spectrum while its buyers tend to be well-qualified with financial flexibility.

Taylor Morrison Home Corporation (NYSE:TMHC) closed 2024 with a strong fourth quarter, with home closings revenue up 12% year-over-year and adjusted earnings per diluted share up nearly 30% year-over-year. Sheryl Palmer, Taylor Morrison CEO and Chairman, reiterated the firm’s progress in 2024 by stating:

“This quarter’s results capped off another milestone year for our organization, in which we met or exceeded each of the long-term goals we laid out in early 2024. This included 12% closings growth, which was well ahead of the 4% increase contemplated in our initial guidance heading into the year and our 10% average growth target.”