One of the country’s biggest builders is going where it says its buyers are. Taylor Morrison announced today that it is moving its headquarters from Florida to Scottsdale, Ariz., “to better align the company’s headquarters with its strongest home building markets,” according to a statement.
"Our biggest markets are located in the western United States, and they will provide significant growth for the company in years to come,” said Sheryl Palmer, Taylor Morrison’s president and CEO, who said she still considers Florida an important market for the company. She added: "Given that the majority of our business is in the western United States, though, it simply made better business sense to move to the heart of our core market.”
The company, a subsidiary of United Kingdom builder Taylor Wimpey, currently operates more than 200 communities across Arizona, California, Colorado, Nevada, Texas, and Florida. The result of a merger between Morrison Homes and Taylor Woodrow in 2007, the combined Taylor Morrison closed nearly 5,400 homes last year. But it is hardly immune to the housing crisis; its parent company recently recorded $1.3 billion in write-downs for land and work in progress.