Full Year 2026 Outlook

Subject to the caveats in the Forward-Looking Statements section of this press release and the assumptions noted below, the Company is updating its gross margin and adjusted gross margin as a percentage of home sales revenues outlook for the full year 2026 and reiterating its other outlook items for the full year 2026. Currently, the Company expects for full year 2026:

  • Home closings between 4,600 and 5,400
  • Active selling communities at the end of 2026 between 150 and 160
  • Average sales price per home closed between $355,000 and $365,000
  • Gross margin as a percentage of home sales revenues between 18.5% and 20.5%, adjusted for estimated capitalized interest and estimated purchase accounting of approximately 3.5%, which results in Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 22.0% and 24.0%
  • SG&A as a percentage of home sales revenues between 15.0% and 16.0%
  • Effective tax rate of approximately 26.5%