HOMEBUILDING OPERATION

• Optimize profits and sustain reliable cash flow by strategically pacing sales and setting prices in each community, to offer homebuyers value and to increase market share.

• Efficiently manage inventoryof land, lots, and homestomeetconsumerdemand and expandmarket presence.

•  Establish minimum financial criteria for each new community:

•  Foster and expand partnerships with other land developers andhomebuilders.

•  Enhance construction efficiency to shorten cycle times.

•  Lower construction expenses while maintaining sufficient production capabilities.

• ManageSales,General,andAdministrative (SG&A)expensestosupporttheinfrastructurewithout compromising the business.