Share this article Share this article 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.