Mike Dahl

can you just elaborate a little bit more on kind of the shift that you've made there?

can you talk through whether there's any timing differentials on -- I know you mentioned fuel, but also on the commodity side that might be pressuring margins in the near term?

since you expect there to be growth in the back half of the year, even though it's a comp dynamic at minimum, like that's why your working cap is going to swing pretty hard year-on-year.

it seemed like the margin came in better than your expectations in 3Q. So can you comment on what drove that?

is the content and size of home at least, is that a cyclical dynamic? Is it a structural dynamic? If you're calling this kind of normalized, are you taking a different view

Can you just help us understand from your perspective, the trust capacity environment, the differences you see on kind of nameplate versus effective utilization?

you did a 30.6% gross margin in the first half of the year

Can you just put a finer point on what drift lower through the year means you're starting at 30.5%, presumably, there's still some near-term pressure

from, you know, back of the envelope, it seems like maybe the Q1 guide implies something closer to, yes, 30% to 31.5%

it sounds like maybe a little bit more focus on share, which maybe means participating in some of the commodity dynamics

from a timing standpoint, if we start seeing price increases go into the market, this later this spring, when does that flow through to

I just wanted to kind of confirm, was that a comment that was sequential or year-on-year

I'm trying to get a better handle on what exactly we should be thinking about in terms of your comfort level on ramping specs specifically back up into 1Q

you did just close on the acquisition of SK Builders in South Carolina. I was wondering if you could comment a little bit more on how much contribution you expect

when you think about cost for construction next year on sticks and bricks, and then availability of labor. How are you thinking about things

you had a healthy result in terms of kind of the step up in rentals both revenue and profitability. It's still a pretty dynamic market out there

is that focus actually like shifting you to be a little bit more biased towards let's keep things kind of a little bit actually more kind of price and margin focus versus volume

it seems like there is something else kind of underneath the surface, whether it's on rentals or SG&A or Forestar this quarter

you have a little bit of commentary about the potential to seek relief or refunds from previously paid tariffs

I think if you're up low single digits with mid-single-digit price, so you're implying volumes down low singles

Is it right to think about that as a $50 million annualized impact if that came to fruition in terms of that $140 million going to something more like to $90 million to $95 million

it still implies like a pretty big step down in margins in the fourth quarter versus what's been really solid like 2Q, 3Q performance

is that dollar for dollar? Or does that include offsetting the $140 million plus your normal margin

if we look at one of your large distributors, I think the e-comm results have been under some pressure

is it really just like, this entire amount that you're outlining is effectively incremental

you do have exposures in Vietnam and Southeast Asia and Mexico. So maybe could you give us a little more clarity on your cost of goods exposure to those areas

are you trying to get down to the lower end right now given what you are seeing in the market

how much of that do you already have visibility on based on what you have sold over the past handful of months versus an assumption

does that imply the exit rate was in the low double-digit range? And when you talk about remaining elevated, are you talking remaining elevated to that exit rate

what ultimately catalyzed your decision here that it just for whatever reason, you know, this you reached the decision that this does not make sense

relative to that 8.9% incentives in the 3Q closings, how did your incentives on orders trend through the quarter?

anecdotally, it sounds like maybe a little more noise in the market in terms of some ICE-related dynamics. It doesn't sound like you're necessarily seeing that

Can you help us understand kind of what's like for like versus what's mix-related in that and maybe how to think about just the back half of the year

are you kind of referencing things that you're currently seeing in the land market? Are you thinking about bigger M&A opportunities?

Can you put a finer point on your year-on-year comparison in April sales pace right now?

Can you help us understand kinda how you view the down portion, whether those are businesses that are likely to stay within the portfolio