"Taylor Morrison is honored and privileged to be selected as the Builder of the Year. This award is a testament to our dedicated team members and the Company we've built. In each of our communities across the United States and Canada, we strive to create quality homes that families can be proud of, and I believe this award highlights that commitment," said Sheryl Palmer, President and Chief Executive Officer of Taylor Morrison.

"Palmer and her expert team organized two companies into one unified one with staffs working together efficiently and effectively," said Jean Dimeo, BUILDER's editor in chief. "Plus, they navigated a declining market, sale from a British company, a private equity purchase, and now a public offering."

About BUILDER
Published by Hanley Wood, BUILDER is the leading brand in residential construction and serves as the magazine of the National Association of Home Builders (NAHB). For more than three decades, BUILDER has provided essential news, information and resources about products, technologies, trends, regulatory requirements and best practices to help home building professionals innovate for success. With an integrated platform encompassing print, online and in-person, BUILDER is a trusted source for top builders, architects and other industry professionals across the country.

About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison (NYSE:TMHC) operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a homebuilder and land developer building single-family detached and attached homes and serving a wide array of customers from first-time buyers and move-up families to luxury and active adult customers. Taylor Morrison divisions operate in Arizona, California, Colorado, Florida and Texas. Darling Homes serves move-up families and luxury homebuyers in Texas. Monarch, Canada's oldest homebuilder builds homes for first-time buyers and move-up families in Toronto and Ottawa as well as high rise condominiums in Toronto.

For more information about Taylor Morrison, Darling Homes or Monarch, please visit www.taylormorrison.com, www.darlinghomes.com and www.monarchgroup.net.

Contact
Taylor Morrison Home Corporation
Erin Willis, (480) 734-2060
Investor Relations
investor@taylormorrison.com

Total net proceeds to the Company from the offering, after deducting the underwriting discount, will be approximately $590.9 million. The Company intends to use approximately $204.3 million of the net proceeds to purchase ownership interests in its direct operating subsidiary whose subsidiaries will then use those proceeds to redeem approximately $189.6 million of their outstanding senior notes. The Company intends to use the remaining approximately $386.6 million of the net proceeds, together with cash on hand, to purchase additional ownership interests in its direct operating subsidiary from its current equity sponsors and certain members of management.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Zelman Partners LLC are acting as joint book-running managers for the offering.

The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010-3629
(800) 221-1037
newyork.prospectus@credit-suisse.com

Citigroup Global Markets Inc.
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(800) 831-9146

Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street
New York, New York 10005-2836
(800) 503-4611
prospectus.cpdg@db.com

Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
(866) 471-2526
prospectus-ny@ny.email.gs.com

J.P. Morgan Securities LLC
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(866) 803-9204

A registration statement relating to the common shares has been filed with, and declared effective by, the Securities and Exchange Commission. This press release does not constitute an offer to sell, or the solicitation of an offer to buy the securities described above, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison (NYSE:TMHC) operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a homebuilder and land developer building single-family detached and attached homes and serving a wide array of customers from first-time buyers and move-up families to luxury and active adult customers. Taylor Morrison divisions operate in Arizona, California, Colorado, Florida and Texas. Darling Homes serves move-up families and luxury homebuyers in Texas. Monarch, Canada's oldest homebuilder builds homes for first-time buyers and move-up families in Toronto and Ottawa as well as high rise condominiums in Toronto.

Forward-Looking Statements
This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control.

The Company intends to use approximately $195.0 million of the net proceeds of the offering to purchase ownership interests in its direct operating subsidiary and to finance the redemption of a portion of the senior notes issued and guaranteed by its other subsidiaries. The Company also intends to use approximately $275.0 million of the net proceeds of the offering, together with cash on hand, to purchase additional ownership interests in its direct operating subsidiary held by its current equity sponsors and certain of its officers and directors.

Credit Suisse, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and Zelman Partners will act as joint book-running managers for the offering. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission ("SEC") but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of Class A common stock in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from the offices of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com. Copies may also be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, or by telephone at (800) 831-9146 or by email at BATProspectusdept@citi.com.

About Taylor Morrison
Headquartered in Scottsdale, Arizona, the Company operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a land developer and builder of single-family detached and attached homes serving a wide array of customers from first-time buyers and move-up families to luxury and active adult customers. Taylor Morrison divisions operate in Arizona, California, Colorado, Florida and Texas. Darling Homes serves move-up families and luxury homebuyers in Texas. Monarch, Canada's oldest homebuilder builds homes for first-time buyers and move-up families in Toronto and Ottawa as well as high rise condominiums in Toronto.

Forward-Looking Statements
This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, including descriptions of the Company's business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Although the Company believes that these forward-looking statements are based on reasonable assumptions, we can give no assurance they will prove to be correct. Therefore, you should be aware that many factors could affect the Company's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in the "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections and elsewhere in the Company's registration statement.

You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

"My brothers and I are delighted to be joining Taylor Morrison," said Bill Darling. "Taylor Morrison has a customer-focused attitude and an internal culture that is a close fit with our own. It's great to see that the Darling brand will continue in this way."

Sheryl Palmer, CEO and President of Taylor Morrison said, "We have always been impressed with the Darling brand and the team's passion and commitment. It's wonderful to think that we can now help to develop this complementary brand as part of Taylor Morrison.

About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is a builder and developer of single-family detached and attached homes. Under the Taylor Morrison® brand, the Company operates in Arizona, California, Colorado, Florida and Texas. Under the Monarch brand, the Company operates in Ontario, Canada where the Company builds and develops single-family detached and attached homes in both Toronto and Ottawa. Monarch also builds high-rise condominiums in Toronto. Taylor Morrison serves a wide array of homebuyers, including entry-level, move-up, luxury and active adult customers, through its innovative product mix. For more information, please visit www.taylormorrison.com.

"It's still hard to comprehend," Roberson said. "It's something that we've wanted for a long time - a home of our own."

Roberson said he couldn't believe his good fortune when the call arrived at his suburban Atlanta home.

"The phone rang and my wife handed it to me, saying 'There's someone on the phone for you,'" Roberson said. "I wasn't quite awake yet so when they told me that I'd won, I didn't really believe it. I said, "Ma'am, it's not good to play with people's emotions.'"

Originally from Sumter, South Carolina, Roberson said times had been hard on him and his wife. After getting laid off as a truck driver for DeKalb County, Roberson said he had submitted more than 100 job applications to no avail.

"We were living off a $100 a week," he said. "And that was getting ready to run out in two weeks."

It was during his online job search that Roberson came across an ad for Taylor Morrison's Dream Home Giveaway. He entered the contest and almost as fast as he had found the giveaway, it slipped from his memory.

"I just forgot about it," he said. "The phone call brought it all back to me. And now, we're as giddy as little kids."

And ready to begin his new life with his wife in Houston, where a promising economy offers the hope of a new job, Roberson said.

"It's wonderful to hear these stories every year," said Taylor Morrison CEO and President Sheryl Palmer. "We've been very fortunate that all of our winners have been such deserving people. It makes the whole contest that much more special to all of us at Taylor Morrison."

The Robersons expect to move into their new home this fall. Their dream home will come equipped with Taylor Morrison's new Interactive Home™ system, which allows homebuyers to create a connected living experience with features like a front door video monitoring system, LCD command center, whole house audio system (with more than 70,000 internet stations and iTunes integration), Selective Call Intercom, and camera monitors.

Since it first started in 2008, the Taylor Morrison Dream Home Giveaway has been a runaway success, with $1 million worth of homes given away in the process. Past winners have included a Sacramento single mother, an unemployed father, a first-time mother and a Chicago grandmother.

The Dream Home Giveaway is inspired by the Innoventions Dream Home exhibit located in Disneyland® Park in Anaheim, California, which was developed by the Disneyland® Resort in collaboration with Taylor Morrison, Microsoft and HP. The 2012 Dream Home winner also receives a vacation to the Disneyland® Resort.

For more information on the 2012 Dream Home Giveaway or Taylor Morrison homes and communities, please visit www.taylormorrison.com.

About Taylor Morrison
Taylor Morrison is the largest North American privately-owned homebuilder based in the United States, as reported by Hanley Wood based on 2011 revenues. Headquartered in Scottsdale, Arizona, Taylor Morrison is a builder and developer of single-family detached and attached homes. Under the Taylor Morrison brand, the Company operates in Arizona, California, Colorado, Florida and Texas. Under the Monarch brand, the Company operates in Ontario, Canada where the Company builds and develops single-family detached and attached homes in both Toronto and Ottawa. Monarch also builds high-rise condominiums in Toronto. Taylor Morrison serves a wide array of homebuyers, including entry-level, move-up, luxury and active adult customers, through its innovative product mix.

The company also announced that Senior Vice President and General Counsel David George, who has been a part of the Monarch team for the past 25 years, will assume the roles of executive vice president, general counsel and corporate secretary effective immediately.

Monarch's Canadian homebuilding operations consist of low-rise product in Ottawa and low- and high-rise product in the Toronto metropolitan area.

For more information about Taylor Morrison or Monarch, please visit www.taylormorrison.com and www.monarchgroup.net.

About Taylor Morrison
Taylor Morrison is the largest North American privately-owned homebuilder based in the United States, as reported by Hanley Wood based on 2011 revenues. Headquartered in Scottsdale, Arizona, Taylor Morrison is a builder and developer of single-family detached and attached homes. Under the Taylor Morrison brand, the Company operates in Arizona, California, Colorado, Florida and Texas. Under the Monarch brand, the Company operates in Ontario, Canada where the Company builds and develops single-family detached and attached homes in both Toronto and Ottawa. Monarch also builds high-rise condominiums in Toronto. Taylor Morrison serves a wide array of homebuyers, including entry-level, move-up, luxury and active adult customers, through its innovative product mix.

The independent HERS®Index system provides a home energy rating that homebuyers can use to quickly compare similar products, making it easier for them to select a home that not only fits their lifestyle, but also offers the lower-energy costs of a more energy-efficient home.

"We always strive to build the best homes we can", said Sheryl Palmer, Taylor Morrison president and CEO. "Part of that means creating communities that offer the best possible environments in which to live. But we must also concern ourselves with the larger environment - our eco-environment - and the HERS®Index helps us measure our progress."

The HERS®Index is based on four main components - assessment of building components, diagnostic and performance testing, energy modeling and a final report which delivers the energy rating for the home. The rating system is based on a scale of zero to 150, with a lower number indicating better energy efficiency. A typical new home built in the U.S. averages a score of 100, with older homes scoring closer to 130.

Palmer said the Elem3nts program offers homebuyers peace of mind in the construction of their home and the opportunity to save money on their utility bills.

"We believe your home should operate as efficiently as possible so you can enjoy cooler summers, warmer winters and lower energy bills," Palmer said. "Our homes are built to maximize that energy efficiency and the HERS®Index helps us communicate that to buyers."

For more information on Taylor Morrison's Elem3nts program and the HERS®Index, please visit elements.taylormorrison.com.

For more information on Taylor Morrison homes and communities, please visit www.taylormorrison.com.

About Taylor Morrison
Taylor Morrison was named the No. 1 private homebuilder in the United States in 2010 and 2011 by Builder magazine and builds a wide range of product for discerning home buyers across the country. With more than 130 communities in Arizona, California, Colorado, Florida and Texas, Taylor Morrison offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates one of Canada's largest homebuilding companies, Monarch, in Ontario, Canada, where it builds single-family homes and high-rise condominiums in Toronto and Ottawa. For more information, visit www.taylormorrison.com.

"It's fascinating to see aspects of the The Innoventions Dream Home come to fruition in homes we build. From a sales perspective, high technology is exciting because it's not widely available in our price point and demand is growing," said Amy Haywood-Rino, Vice President of Sales & Marketing for Taylor Morrison's Houston division. "That's why we asked Michael Garfield, The High-Tech Texan®, to be the voice for our Interactive Home. Michael has a knack for making new technology both fun and accessible," said Haywood-Rino.

The High-Tech Texan®, aka Michael Garfield, is the go-to resource for easy-to-understand commentary, answers and recommendations for technology and consumer products. Based in Houston, Garfield began his career on NBC-TV and continues today with daily radio programs on KPRC Radio 9-5-0 and TV appearances. Garfield will do endorsements during his radio show, radio spots, and broadcast live from Taylor Morrison Interactive Home models.

Taylor Morrison has chosen Connect One as the premiere integrator of the Taylor Morrison Interactive Home in Houston. Interactive packages are designed for various product lines. Packages include an LCD command center display, security camera, intercom, home audio, and remote access via an I-phone, I-pad or tablet. According to Haywood-Rino, Taylor Morrison plans to include Interactive Home packages in all homes in Houston at no additional cost to the consumer. A technology specialist will work with buyers to customize their interactive packages during the Design Studio process.

Taylor Morrison Interactive Home models are open at five communities in the Houston area; the Positano model at Avalon at Cinco Ranch in Katy, the Florence and Meridian models at Mar Bella in League City, the Tuscany at Avalon at Telfair in Sugar Land , and the Carrington at Southern Trails in Pearland. Models will open by mid-year at Churchill Farms, Fall Creek and Avalon at Riverstone. Packages displayed in each model vary by community, floor plan design and price range.

The Positano is a new design from Taylor Morrison's Inspired Series; a collection designed specifically for multigenerational families. The Meridian, grand opening at Mar Bella, is a brand-new multigenerational design available at a lower price point. The home has multiple options including a second master suite on the second floor.

"The American Dream experience at Taylor Morrison is really about people and the bonding relationship they have with architectural elements, technological conveniences and personal experiences in their home. We believe every homeowner wants modern features that will make their life easier, safer and more energy efficient. The Taylor Morrison Interactive Home will change the way people interact with their home and live every day. It's just the beginning."

Taylor Morrison is currently building homes priced from the $100,000 to over $1 million in 21 locations in the Houston area. The Houston division is located at 5353 West Sam Houston Parkway North, Suite 190, Houston, TX 77041, 713-598-3000. Visit Taylor Morrison on the web at www.taylormorrison.com and Taylor Morrison Houston on Facebook. To learn more about the Interactive Home by Taylor Morrison, go to www.ourhightechhome.com.

About Taylor Morrison
Taylor Morrison was named the No. 1 private homebuilder in the United States in 2010 and 2011 by Builder magazine and builds a wide range of product for discerning home buyers across the country. With more than 130 communities in Arizona, California, Colorado, Florida and Texas, Taylor Morrison offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates one of Canada's largest homebuilding companies, Monarch, in Ontario, Canada, where it builds single-family homes and high-rise condominiums in Toronto and Ottawa. For more information, visit www.taylormorrison.com.

About The High-Tech Texan® (Michael Garfield)
Michael is a graduate of the University of Texas at Austin and holds a bachelors degree in Communications, Radio-TV-Film. He began his broadcasting career in the late 1990's on the Houston NBC-TV affiliate and now hosts syndicated segments across a dozen U.S. markets. Michael provides industry news and insight to radio stations in Houston and other cities. He regularly appears at conferences to speak about the Internet, issues that affect cyberspace and the paradigm shift of using new technology and products to better peoples' lives. "The High-Tech Texan® Show with Michael Garfield", 9-5-0 KPRC-AM in Houston, features industry guests, listener call-ins, product reviews, tips and opinions.

About Connect One Security
ConnectOne Security provides professional sales, service, and installation on interactive security solutions as well as home entertainment and technology products. Connect One has served Houston's finest homebuilders and homeowners for over 20 years. The company is headquartered in Houston, Texas.

Participants can register each day of the contest period at dreamhome.taylormorrison.com. The promotion is only open to legal residents of the United States and Puerto Rico who are 21 years old or over. The contest runs from January 31, 2012 to July 30, 2012.

As previous winners have discovered, winning the Dream Home Giveaway can be life changing. The winner selects the floor plan and home options that best suit their lifestyle and Taylor Morrison creates a home the lucky winner can truly call their own. Winners have included a Sacramento single mother, an unemployed father, a first-time mother and a Chicago grandmother.

"Our Dream Home Giveaway contests are a definite highlight of our year at Taylor Morrison," said Sheryl Palmer, Taylor Morrison President and CEO. "We're able to grant the dream of homeownership, help our winner build their home and then watch as they walk through that front door the first time. It's a truly special event and one that we're particularly proud to participate in."

Since it first started in 2008, the contest has been a runaway success, with almost $1 million worth of homes given away in the process. The Dream Home Giveaway is inspired by the Innoventions Dream Home located at the Disneyland® Resort in Anaheim, Calif., which Taylor Morrison built in a partnership with Disneyland, Microsoft and HP.

For more information on the 2012 Dream Home Giveaway or Taylor Morrison homes and communities, please visit www.taylormorrison.com.

About Taylor Morrison
Taylor Morrison was named the No. 1 private homebuilder in the United States in 2010 and 2011 by Builder magazine and builds a wide range of product for discerning home buyers across the country. With more than 130 communities in Arizona, California, Colorado, Florida and Texas, Taylor Morrison offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates one of Canada's largest homebuilding companies, Monarch, in Ontario, Canada, where it builds single-family homes and high-rise condominiums in Toronto and Ottawa. For more information, visit www.taylormorrison.com.

"We have the ability to work differently in each market, to adapt to the market conditions," Heuser said. "We're pursuing deals that make financial and strategic sense within the context of our business model."

Heuser points to a sizeable purchase that allowed Taylor Morrison to secure lands accommodating 450 lots in the 8,500-acre master planned community of Lakewood Ranch, near Sarasota, Fla. The purchase is advantageous in that the section, to be named Esplanade, will enable Taylor Morrison to develop a bit of a niche and build the community on its own.

"We have control over our own destiny, in many respects, as we create and grow in the gated and amenity-rich community," Heuser said.

Taylor Morrison has also made select purchases in the Bay Area of Northern California, Orange County , California, and Orlando, adding land to a portfolio that already boasts such opportunistic buys as Crystal Falls in Austin and Adora Trials in Phoenix, acquired before the company's sale.

Taylor Morrison also counts new developments in Houston - Avalon at Riverstone, and Ladera in Austin. As recent as September, Taylor Morrison also took advantage of opportunities in Denver and again in Houston - where the local division has performed exceptionally well despite the national real estate slump of recent years.

"These developments are typical of what we look for - strategic purchases that leverage local expertise in developing attractive communities and offering well-suited homes in good neighborhoods with well-ranked schools," Heuser said.

"We've invested in each of our markets in 2011 and we will continue to - as long as the opportunity is the right fit," Heuser said. "The downturn presented challenges in forcing us to rebalance the land bank; but we're a leaner, stronger company than we were just a few years ago and we intend to stay that way."

For more information on Taylor Morrison homes and communities, please visit www.taylormorrison.com.

About Taylor Morrison
Taylor Morrison was named the No. 1 private homebuilder in the United States in 2010 and 2011 by Builder magazine and builds a wide range of product for discerning home buyers across the country. With more than 130 communities in Arizona, California, Colorado, Florida and Texas, Taylor Morrison offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates one of Canada's largest homebuilding companies, Monarch, in Ontario, Canada, where it builds single-family homes and high-rise condominiums in Toronto and Ottawa. For more information, visit www.taylormorrison.com.

Denver agent Judy Pitt won the promotion but when it came time to collect her prize, she had a surprise for Taylor Morrison.

"Instead of receiving the Mercedes, Judy asked that we make a donation to help complete a well in Othoo, Kenya," said Kip Gilleland, division president for Taylor Morrison's Denver division. "We were more than happy to oblige."

It turns out that real estate agent is only one hat that Pitt wears. She also serves as executive director of the Kazi Yake Foundation, which provides much needed help to rural villages in Kenya.

"To me, the gift was very generous but I knew the money could be put to a better use," Pitt said.

According to Gilleland, the Taylor Morrison donation helped Pitt's group finish a well under construction in the tiny village of Othoo. With the well now complete, the villagers are enjoying clean water for the first time ever.

"Judy's generosity made it all possible," Gilleland said.

For more information on Taylor Morrison homes and communities, please visit www.taylormorrison.com.

About Taylor Morrison
Taylor Morrison was named the No. 1 private homebuilder in the United States in 2010 and 2011 by Builder magazine and builds a wide range of product for discerning home buyers across the country. With more than 130 communities in Arizona, California, Colorado, Florida and Texas, Taylor Morrison offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates one of Canada's largest homebuilding companies, Monarch, in Ontario, Canada, where it builds single-family homes and high-rise condominiums in Toronto and Ottawa. For more information, visit www.taylormorrison.com.