Balance Sheet Highlights • 41,685 shares of common stock repurchased during the first quarter of 2025 for an aggregate amount of $3.1 million • Total liquidity of $360.0 million at March 31, 2025, including cash and cash equivalents of $57.6 million and $302.4 million of availability under the Company’s revolving credit facility • Net debt to capitalization of 43.4% at March 31, 2025 Full Year 2025 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 2025 and reiterating its other outlook items for the full year 2025. Currently, the Company expects for full year 2025: • Home closings between 6,200 and 7,000 • Active selling communities at the end of 2025 between 160 and 170 • Average sales price per home closed between $360,000 and $370,000 • Gross margin as a percentage of home sales revenues between 21.7% and 23.2% • Adjusted gross margin (Non-GAAP) as a percentage of home sales revenues between 24.0% and 25.5% with capitalized interest accounting for substantially all of the difference between gross margin and adjusted gross margin • SG&A as a percentage of home sales revenues between 14.0% and 15.0% • Effective tax rate of approximately 24.5% This outlook assumes that general economic conditions, including input costs, materials, product and labor availability, interest rates and mortgage availability, in the remainder of 2025 are similar to those experienced to date in 2025 and that the average sales price per home closed, construction costs, availability of land and land development costs in the remainder of 2025 are consistent with the Company’s recent experience. In addition, this outlook assumes that governmental regulations relating to land development and home construction are similar to those currently in place and does not take into account any additional changes to U.S.

later in the release …

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other guidance in this release

Text is the filed exhibit, verbatim.