TMHC +2.53 to 21.45 after reporting that June was its best sales month in history - LGIH reported excellent June numbers yesterday -
The homebuilders are still way below 52wk highs and have further upside left, imho.
TMHC PR -
Closings for the quarter came in at 3,212, an increase of approximately 24 percent compared to the same period in 2019. Sales order backlog of homes under contract increased approximately 35 percent to 6,805 homes, with a sales value of $3.2 billion at June 30, 2020 compared to a sales value of $2.5 billion as of June 30, 2019.
"To experience our best sales month in company history amid a pandemic, amid transitioning our business to a virtual environment seemingly overnight, and amid the economic and psychological impact on consumers speaks volumes to not only Taylor Morrison's resiliency, but our customers' resiliency, too," said Taylor Morrison Chairman and CEO Sheryl Palmer.
