Homebuilder Taylor Morrison for sale

Housebuilder Taylor Wimpey has put its U.S. homebuilding subsidiary Taylor Morrison on the auction block and hired JPMorgan Chase to advise on the sale, people familiar with the matter said. The company, which has operations in Britain, North America and Spain, has reached out to major U.S. homebuilders and other potential bidders over the past few months to gauge their interest in buying Taylor Morrison, two sources said. The biggest private, nonprofit builder in the United States, Taylor Morrison is a wholly owned subsidiary of Taylor Wimpey that builds housing in California, Arizona, Colorado, Texas and Florida. The Scottsdale, Arizona-based builder is best known in Florida for its 2,000 homes at the Country Club at Mirasol in Palm Beach Gardens, which hosts a PGA Tour golf event. Mirasol's website lists home prices in the range of $800,000 (£514,162)to more than $4 million.

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