Apr
03

Building on Housing

As if more proof were needed that home building is rapidly improving, and that production builders are the biggest winners, Taylor Morrison plans an IPO to take advantage of the run-up in home builder stock prices. The planned IPO will value the firm at $2.6 billion. Not bad given that it was purchased in 2011 for $955 million. That’s a 172% rise in less than two years!

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