Century Communities, Inc. (NYSE:CCS) Q2 2023 Earnings Call Transcript

Dale Francescon: Well, we still like the ratio of a 50/50 optioned versus owned. And we are getting back closer to that now. We went ticked up above that when we dropped so many lots at the end of the last two quarters of last year. But we are starting to rebuild that now. We are up sequentially quarter-over-quarter. We are at roughly the 58,000. As we said in our prepared remarks, we see our controlled lots continue to grow throughout the year. And so that will get us closer to that 50/50 ratio. So, no commitments will be there, but that is kind of the goal right now.

Andrew Hassen: Thanks so much. That’s all I had. Good luck. Best of luck in the next quarter.

Dale Francescon: Thank you.

Operator: This concludes our question-and-answer session. We will now turn the line back over to Dale Francescon for some brief closing remarks.

Dale Francescon: Thank you, operator. I’d like to take this opportunity to once again thank all of our team members for their incredible work and continued dedication to our valued homebuyers. I would also like to thank our investors for their time today. We appreciate your continued support and investment and look forward to speaking to you again next quarter.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.