Mike Forsum: I think that we aspire, Carl, to be in that 3 to 3.5 net absorption rate per community, that is ideal. And I think that generally, over the course of time in the business, that seems to be the sort of organic natural absorption where you’re not pricing too low or not pricing too high and that’s where you should be. Although there’s seasonality that comes into play. So if you’re going through the summer, you may be dipping down into the twos that’s you’re kind of moving through the summer rolls and then you’ll have some slicing that may take you even a net, sort of a naturally higher as you start to get kind of maybe a little bit of energy and some greater momentum into the market. But if you look at the course of the community from beginning to end, if you’re hitting that 3 to 3.5 through it, on average, you’ve done a really great job and you’ve got to really healthy community that I think can optimize everything along the way.
Carl Reichardt: Okay. Perfect. Thanks, Mike. And then, you have a couple of smaller peers who had talked about developers who had deals sold to small builders. So, finish-light deals that dropped and so these publics have had a chance to go and pick up finished lots not at great prices, but at least there’s availability. You had some larger peers say that’s not happening at all. Where do you guys see? And obviously, with the acquisition in Colorado, there’s some positive elements, but where do you see, overall that this land market is? Are opportunities showing up more than they had because of a private builder distress or higher cost of capital? Or is that really not happening as you see it? Thanks.
Mike Forsum: Yeah. That’s actually a really great question, Carl, because what we’re seeing is, in some of our markets, Florida and Arizona, specifically, opportunity has come our way where we are talking to a single family for rent, built-to-rent, builders who can’t get financing that have acquired properties. And we’re backfilling into infill there with some smaller bike size type of communities that are gappers in our business that are filling some holes between quarter-to-quarter or months to months. We really like those, because they’re finished lots. They’re ready to go. Price points are right in our wheelhouse and they’re in locations that we probably won’t be looking at, because it’s just efficiency sake. So we actually have talked and looking at and getting close to a handful of those in those locations.
So that’s really what we’re seeing right now. I think the most of that is really on that sort of private built-for-rent builder out there that is struggling to find financing to get them all the way through that project.
Carl Reichardt: That makes a lot of sense. All right. I appreciate that, Mike. Thanks all.
Mike Forsum: Sure.
Operator: [Operator Instructions] This concludes our question and answer session. I would like to turn the conference back over to John Ho for any closing remarks. Please go ahead.
John Ho: Thank you, everyone for joining us today and we look forward to speaking to you after the fourth quarter again.
Operator: This concludes today’s meeting. Thank you for attending today’s presentation. You may now disconnect.
