Year-over-Year Increase in Orders
Orders grew by 4% year-over-year to 3,636 units despite softer market conditions.
Strong Backlog Conversion Rate
Achieved a 211% backlog conversion rate with 3,685 home deliveries and home closing revenue of $1.4 billion.
Community Count Growth
Reported a 20% year-over-year increase in community count, ending the quarter with 334 communities.
Shareholder Returns
Returned $85 million to shareholders in the third quarter, including $55 million in share repurchases.
Improved Cycle Times
Cycle times improved to approximately 105 calendar days from about 110 days in the previous quarter.