Guidance

The Company is providing the following guidance for its 2024 full year:

• Housing revenues in the range of $6.70 billion to $6.90 billion.
• Average selling price in the range of $485,000 to $495,000.
• Homebuilding operating income as a percentage of revenues in the range of 11.0% to 11.4%, assuming no inventory-related charges.
  • Housing gross profit margin in the range of 21.1% to 21.5%, assuming no inventory-related charges.
  • Selling, general and administrative expenses as a percentage of housing revenues of approximately 10.1%.
• Effective tax rate of approximately 23.0%.
• Ending community count in the range of 250 to 255.

The Company plans to also provide guidance for its 2024 third quarter on its conference call today.