Berkshire Hathaway has agreed to acquire homebuilder Taylor Morrison in an all-cash transaction valued at approximately $8.5 billion. The deal is expected to close during the second half of 2026, subject to regulatory approvals and customary closing conditions.
Under the agreement, Berkshire Hathaway will pay $72.50 per share in cash. The offer represents a 24% premium over Taylor Morrison's closing share price of $58.50 on May 29, 2026.
Taylor Morrison's leadership team will remain in place after the transaction. CEO Sheryl Palmer will continue to lead the company.
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the largest homebuilders in the United States. The company delivered nearly 13,000 homes in 2025 and currently operates 341 active selling communities across its markets.
The builder generated $7.76 billion in home closing revenue last year. Since becoming a publicly traded company in 2013, Taylor Morrison has expanded its footprint across both traditional homebuilding and rental housing.
In addition to its homebuilding operations, Taylor Morrison has established a presence in the build-to-rent sector through its Yardly brand.
According to data from John Burns Research & Consulting, Yardly currently includes 5,411 rental units across 26 communities. The platform has become an important part of Taylor Morrison's broader housing strategy.
Industry observers do not expect significant changes to Yardly following the acquisition. Chris Nebenzahl, Vice President of Rental Research at John Burns Research & Consulting, said recent public comments from Taylor Morrison's leadership indicate continued support for the rental housing business.
Sheryl Palmer said Berkshire Hathaway's investment approach aligns with the long development timelines typically associated with homebuilding projects.
According to Palmer, Berkshire's long-term investment horizon could provide Taylor Morrison with greater flexibility to expand its operations and pursue growth opportunities that may be more difficult as a standalone public company.
Berkshire Hathaway already has substantial exposure to the housing sector through Clayton Homes and several building products businesses.
In July 2025, Taylor Morrison entered into a financing partnership with Kennedy Lewis Investment Management to support land acquisition, development, and construction activities.
The agreement provided up to $3 billion in funding capacity for existing and future projects, including the continued expansion of Yardly communities.
At the time, Palmer stated that the financing arrangement would improve capital flexibility and support the company's long-term rental housing strategy. The company also viewed the Yardly platform as a potential pathway for renters who may eventually transition into homeownership.
Taylor Morrison has not publicly disclosed whether the Berkshire Hathaway acquisition will lead to any changes in the Yardly business. However, current industry expectations suggest the rental platform will remain part of the company's long-term growth plans.
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