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TaylorMorrison . NEWS RELEASE Taylor Morrison Reports First Quarter 2021 Results , Including 42 % Year - Over - Year Growth to 4.3 Net Sales Orders per Community 4/29/2021 SCOTTSDALE , Ariz . , April 29 , 2021 / PRNewswire / -- Taylor Morrison Home Corporation ( NYSE : TMHC ) , the nation's fifth largest homebuilder , announced results for the first quarter ended March 31 , 2021. Reported net income of $ 98 million , or $ 0.75 per diluted share , compared to a reported net loss of $ 31 million , or $ 0.26 per diluted share , in the first quarter of 2020 . The Company's first quarter included the following results , as compared to the prior - year quarter : • Net sales orders increased 30 percent to 4,492 . • Monthly absorptions increased 42 percent to 4.3 net sales orders per community , a company record high . Home closings gross margin increased 320 basis points to 18.6 percent . • • Backlog increased 54 percent to 10,074 sold homes with a sales value of $ 5.3 billion , up 70 percent . Homebuilding lot supply increased four percent to approximately 73,000 total lots owned and controlled . • • Controlled lots as a percentage of total supply increased approximately 400 basis points to 32 percent . " Our first quarter results , which included strong year - over - year improvement in many of our key operating metrics , reflect the initial benefits of our enhanced scale and local market depth as we continue to execute our strategic plan , " said Sheryl Palmer , Taylor Morrison Chairman and CEO . " We achieved a record absorption level of 4.3 net orders per community — a more than 40 percent year - over - year gain - despite taking steps to maximize our margin opportunity and align sales and production paces , reflecting the resiliency of the current demand environment and strength of our consumer - centric product offerings . " " During the quarter , we successfully ramped our construction starts pace by over 70 percent and raised pricing in 1