Since the launch of Professional Builder’s Daily Feed newsletter on June 4, 2014, I have scanned thousands upon thousands of news stories about or related to home building in some way.
Taylor Morrison IPO raises $526 million
Scottsdale, Ariz.-based Taylor Morrison raised $526 million in its initial public offering of 28.6 million shares. Analysts say interest in the home builder's shares indicates investors’ demand to cash in on the nation’s housing recovery.
Shares of Taylor Morrison Homes debuted on the New York Stock Exchange on April 10, posting a 4.7 percent price increase in its first day of trading.