Financial PerformanceThe company’s results were in-line or modestly above outlook, as financial services income, closings, closing ASP, and gross margins slightly beat expectations.
Operational EfficiencyExecuting a differentiated strategy among homebuilders, focusing on increasing returns despite near-term fluctuations in interest rates and demand.
Strategic InitiativesManagement highlighted efforts around the spin of $6-8bn of owned land and monetizing multi-family assets, freeing up additional cash to support growth and shareholder returns.