7 unchanged sentences
We are uncertain as to how long these restrictions will remain in place and whether the COVID-19 public health effort will be intensified to further restrict our business.
−Removed: While these circumstances did not materially adversely affect our second quarter 2020 financial results, we recognize that the long term macro-economic effects could ultimately impact the homebuilding industry and our business and future operating results.
+Added: While these circumstances did not materially adversely affect our second or third quarter 2020 financial results, we recognize that the long term macro-economic effects could ultimately impact the homebuilding industry and our business and future operating results.
The adverse effect of the COVID-19 pandemic on the broader economy could negatively impact demand for new homes.
−Removed: Despite strong demand and sales during the second quarter of 2020, continued demand for Century homes is uncertain in light of higher unemployment rates, decreased consumer confidence, decreased availability of credit, and other factors.
+Added: Despite strong demand and sales during the second and third quarter of 2020, continued demand for our homes is uncertain in light of higher unemployment rates, decreased consumer confidence, decreased availability of credit, and other factors.
This impact on demand for our homes could adversely affect our operating results in future periods.
28 unchanged sentences
More recently, as a result of the COVID-19 pandemic, beginning in mid-March 2020, we began to experience a decrease in demand for our homes which reversed course in May and June of 2020.
−Removed: Despite overall strong demand and sales during the second quarter of 2020, continued demand for Century homes is uncertain in light of higher unemployment rates, decreased consumer confidence, decreased availability of credit, and other factors, including those described elsewhere in this report.
+Added: Despite overall strong demand and sales during the second and third quarter of 2020, continued demand for our homes is uncertain in light of higher unemployment rates, decreased consumer confidence, decreased availability of credit, and other factors, including those described elsewhere in this report.
Adverse changes in general economic conditions typically reduce the demand for our homes which may result in a material adverse effect on our business, results of operations and financial condition.
8 unchanged sentences
In the event these economic and business factors occur, we could experience a decline in the demand and pricing for our homes, an increase in customer cancellations, an increase in selling concessions and downward pressure on the market value of our inventory, which could have a material adverse effect on our business, prospects, liquidity, financial condition and results of operations and increase the risk for asset impairments.
−Removed: The current COVID-19 pandemic has led to weakened economic conditions that ultimately may result in an economic slowdown or recession.
+Added: The current COVID-19 pandemic has led to weakened economic conditions that have resulted in an economic slowdown and recession.
A significant or sustained downturn in the homebuilding market would likely have an adverse effect on our business and results of operations for multiple years.
7 unchanged sentences
Bureau of Labor Statistics.
−Removed: As a result of impacts from the COVID-19 pandemic and efforts to contain it, the unemployment rate increased to 11.1% as of the end of June 2020 and it is uncertain how quickly the unemployment rate will improve or if it will further deteriorate.
+Added: As a result of impacts from the COVID-19 pandemic and efforts to contain it, the unemployment rate increased to 7.9% as of the end of September 2020 and it is uncertain how quickly the unemployment rate will improve or if it will further deteriorate.
People who are not employed, are underemployed or are concerned about the loss of their jobs are less likely to purchase new homes, may be forced to try to sell the homes they own and may face difficulties in making required mortgage payments.
2 unchanged sentences
Our Financial Services segment could be adversely affected by reduced demand for our homes or by a slowdown in mortgage refinancing.
−Removed: Approximately 98.3% of the mortgage loans made by our Financial Services segment in 2019 were made to buyers of homes we built.
+Added: Approximately 98.3% and 81.5% of the mortgage loans made by our Financial Services segment in 2019 and for the nine months ended September 30, 2020, respectively, were made to buyers of homes we built.
Therefore, a decrease in the demand for our homes would adversely affect the revenues of this segment of our business.
As a result of the COVID-19 pandemic, beginning in mid-March 2020, we began to experience a decrease in demand for our homes which reversed course in May and June of 2020.
−Removed: Despite overall strong demand and sales during the second quarter of 2020, continued demand for Century homes is uncertain in light of higher unemployment rates, decreased consumer confidence, decreased availability of credit, and other factors, including those described elsewhere in this report.
+Added: Despite overall strong demand and sales during the second and third quarter of 2020, continued demand for our homes is uncertain in light of higher unemployment rates, decreased consumer confidence, decreased availability of credit, and other factors, including those described elsewhere in this report.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.