Reports Q1 revenue $310.8M, consensus $313.7M. New homes delivered increased 27.3% to 643 homes at an average sales price of $466,000, compared to 505 homes delivered at an average sales price of $579,000 in the first quarter of 2024. Net new home orders were up 11.1% to 679 homes with a dollar value of $317.8 million, an average sales price of $468,000 and a monthly absorption rate of 3.0 sales per active community.
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