Taylor Morrison Develops Second Phase in Two Crystal Falls Communities

SARASOTA, FL, December 23, 2012

With brisk sales rapidly depleting their inventory of available homes, Taylor Morrison will open new phases of development in two of their most popular Crystal Falls neighborhoods - Mesa Oaks and Crystal Cove. Construction will begin on the new phases in January, which are now selling.

"Crystal Falls has been our most sought-after master-planned community in the Austin area," said Vice President of Sales and Marketing Michael Lindeman. "Its wide range of amenities, along with its close proximity to schools, parks and shopping, makes Crystal Falls very attractive to families. We are opening our second phase slightly ahead of schedule to keep up with the growing demand in the local housing market."

Phase Two of Mesa Oaks will include 40 new home sites and continue to feature nine distinctive home designs ranging from 2,264 to 3,705 square feet with three to five bedrooms. The new phase at Crystal Cove will add 55 home sites with seven floor plans to choose from, featuring three to four bedrooms and ranging from 1,483 to 2,607 square feet. All of the homes share Taylor Morrison's trademark open concept designs notable for their large social areas, spacious bedrooms, flexible work/play areas and outdoor living space. The natural beauty of the surrounding hill country is incorporated into the exterior of the homes through generous use of brick, stone and stucco, often with balconies and plentiful windows to take advantage of stunning views.

Both Mesa Oaks and Crystal Cove are located within The Bluffs section of Crystal Falls, which is close to kid-friendly amenities such as the Quarry Park amenity center with a junior Olympic pool, kids' spray pad, fishing lake, picnic areas and a disc golf course. More than 50 acres of protected greenbelts provide space to run and play, as do a network of hiking and biking trails that connect to nearby schools and the Cedar Park regional park. A second amenity center features a leisure pool with bathhouse, sand volleyball, and recreation field. Residents also enjoy access to Crystal Falls Golf Course with its 18 holes of challenging yet picturesque fairways and water features. Crystal Falls is especially notable for its respect for the land, using native landscaping, mature trees and natural limestone accents to create a beautiful ambiance in harmony with the Texas hill country. With its enviable location close to Lake Travis, shopping and restaurants, it is easy to see why Crystal Falls has become one of North Austin's fastest growing communities.

For more information about this community, call 512-845-7350 or visit the on-site sales center or online at http://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.

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

For more information about Taylor Morrison communities in Austin, call 512-845-7350 or visit http://www.taylormorrison.com.