Community Count Growth
Fiscal '25 ended with an average active community count of 164, up 14% from last year, demonstrating progress towards the multiyear goal of surpassing 200 communities.
Debt Reduction and Book Value Increase
Net debt to net capitalization was reduced to below 40%, and book value per share increased to nearly $43, supported by profitability and share repurchases.
Operational Adjustments for Cost Savings
Material and labor cost rebidding resulted in savings of about $10,000 per home, with expectations to realize these savings fully by the fourth quarter of fiscal '26.
Texas Market Improvement
Sales pace in Texas improved to 1.8 in the fourth quarter from 1.3 in the third quarter, driven by product and sales leadership changes.
Successful Asset Sales
Asset sales of $63 million contributed a profit of about $7 million, with plans for more than $100 million in nonstrategic asset sales in fiscal '26.