Risk Factors Update Summary
- Cancellations returned to normalized levels in 2023, averting potential adverse effects on business.
- Elevated interest rates led to an increase in cancellation rates in 2022.
- Home prices declined in early 2023, potentially impacting financial results beyond 2023.
- Increased costs absorbed, impacting profitability due to higher material and labor costs.
- Construction cycle times lengthened in 2022, with a loosening supply chain in 2023.
- Failure to meet ESG goals could negatively affect reputation, financial performance, and growth.
- Supply shortages and risks related to building materials could disrupt operations and increase costs.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=833079&owner=exclude
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