Business

Taylor Morrison Reports ‘Strongest’ Home Sales in Most Virus-Sensitive States

Builder Taylor Morrison had record sales last month and saw the best production coming from coronavirus hotspots, CEO Sheryl Palmer told CNBC on Wednesday.

The company’s home sales almost doubled in June.

“We’ve seen, if you think of the states that I think have gotten, you know, the most airtime with the increase in cases that would be Arizona, Texas, Florida, California, c is where we see some of our strongest sales, “she said in an interview on” Closing Bell “.” Interestingly enough, we could see a reduction in pedestrian traffic, but we are seeing a huge increase in web traffic. “

Taylor Morrison, America’s fifth-largest home construction company, saw net sales up 94% from a year ago as a small supply of homes was met by a shipment of authorized buyers from low mortgage rates. Based in Arizona, Taylor Morrison operates in 22 housing markets in nearly a dozen southeast, southwest and western states.

Taylor Morrison added to his portfolio with the acquisition of California-based William Lyon Homes in February.

Texas reported a new record 10,000 Covid-19 cases on Tuesday and continued to cope with rising hospitalizations. The situation is now reaching levels there that New York State, which was once the epicenter of the United States, saw in early April.

California, Arizona and Florida have also seen an increase in cases. The states, along with Texas, had nearly half of all new cases in the United States on Tuesday.

In April, Taylor Morrison began experimenting with virtual dating, where potential buyers can visit properties from their couch. The company has made 8,000 online appointments in the past three months and is an indicator of the state of the market, said Palmer.

“The interesting thing is that they find a different way to connect with us and, you know, it’s high time” for the industry to embrace the new technology, she said. “I call it the Covid Silver Liner, it’s really allowed our industry to catch up and make sure we communicate with customers.”

Taylor Morrison saw sales of new homes drop in March when the virus, discovered in China in December, was first diagnosed in the United States. Sales are expected to rebound 13% year over year in May.

The company’s shares climbed nearly 17% to $ 22.12 in Wednesday’s session and rose 4% in the secondary market.

The stock is now up 1% from the start of the year and remains at around $ 6 from its highest level in February before the main market collapsed.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit