Trevor Allinson

Is it your expectation that lot count kind of still continues to move lower sequentially here as maybe fewer deals just meet your underwriting standards

Have you seen the industry overall also start to make some progress on working down inventory

Is there still excess inventory relative to demand? Or has the slowdown in starts we've seen across the industry here in the fourth quarter brought that more into equilibrium

how do you guys think about your preference to do more volume versus the 86,000, 88,000 closings target you have currently versus recapturing some margin

Do you think that the reduced starts pace here recently has brought inventory more in alignment with current demand conditions

We've heard a couple of builders call out Texas as being among the weaker markets here, but your South Central orders were up 11% year-over-year

You've made some really good progress over the last couple of quarters working those down. We're also entering the slower time of year just can you talk about how you feel about your completed inve...

We've heard a lot of builders talk about resale inventory not being very competitive to new homes. At the same time, we've seen a pretty notable rise in resale inventory since really the middle las...

Should we expect that those impacts to be primarily reflected in fewer closings and orders right now than you currently expect

share repo expectations have gone up. Perhaps could imply that maybe you're pulling it back a little bit on land and development spend

Southeast and South Central were two weaker regions for you guys on a year-over-year basis. So perhaps any demand commentary in Texas and Florida would be helpful

Can you just give us some color on some potential impacts that you think could be possible if we were to see a major change on immigration

can you size for us what sort of benefit you're getting from the restructuring actions here in 2016? And then how much larger does that become

you've been more focused on growth than you have been in the past. Can you talk about that change

can you remind us roughly the size of that business as you exit 2025

Margins came in a little weaker than what you were expecting in the quarter. Was that primarily volume-related or what drove the weaker margins

Can you put some numbers around what inflation rates you're seeing in your plumbing business in the third quarter and what you're expecting for the fourth quarter

Can you talk about where you think we are in terms of pull forward versus deferral? And do you think DIY Paint is a category that can get back to growth in fiscal '26

How significantly do you expect to reduce it from here moving forward as you look out over the next 12 to 18 months

Is that purely just inflation? Or are you also holding -- intentionally holding some more inventory

you look out 12 months from now, do you expect to continue driving your China supply chain exposure even lower

I want to gauge your appetite for accelerating share repo here, maybe ahead of your cash generation

Are you starting to see any change in relative performance in the Midwest

should we think of the roughly 2.3 absorption rate that you did in 2025 as representing a floor for you guys here

where does your do you finish spec for community fit today? And with that in mind, what is your expectation for starts moving forward relative to sales

have you already started to pull back on your specs? Are you waiting to see how demand shakes out in the spring selling season

How did those trends sequentially -- you previously talked to being under 100 days here early in 2025. Is that the expectation still?