Newly Designed Homes Performance
The newly designed homes generated margins well in excess of the company's average in the first quarter of 2025, with an average gross margin of approximately 24%.
Cost Reduction Initiatives
Identified over $3.5 million of direct construction cost savings for homes expected to be closed in 2025 through competitive rebidding of agreements with subcontractors and material suppliers.
Presold Homes Strategy
Shift to more presold homes, which are producing higher margins and providing better visibility into delivery outlook while reducing capital tied up in standing inventory.
Improvement in Sales and Orders
April orders were up 6% year-over-year, indicating solid demand and operational momentum carried into the second quarter.
Cycle Time Reduction
Cycle time improved by 16 days compared to last year, attributed to better labor and material availability and improved build practices.
Planned Community Rollout
Plans to open 10 new communities in Q2 and 18 in Q3, which are expected to boost sales efforts.