Coronavirus Hot Spots See Strongest Home Sales

July 9, 2020
View of city in Florida with ocean and beach
By SeanPavonePhoto

Home builder Taylor Morrison’s CEO says the states with surging COVID-19 cases are the hottest markets for home sales right now. The states include Arizona, Texas, Florida, and California. The Arizona-based company’s home sales nearly doubled in June, according to CNBC, and their new sales surged 94% from a year ago. Although in-person sales are now replaced with virtual showings, Taylor Morrison completed 8,000 online appointments in just three months. The CEO calls this the COVID-19 “silver lining.” Read more to find out why.

Taylor Morrison, the fifth-largest home construction company in America, saw net sales surge 94% from a year ago as a low supply of homes was met by a boatload of buyers empowered by low mortgage rates. Based in Arizona, Taylor Morrison deals in 22 housing markets in nearly a dozen states in the Southeast, Southwest and West.

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

Read More