7 unchanged sentences
As a result, interest rate risk and changes in fair value should not have a significant impact on our fixed-rate debt until we are required or elect to refinance or repurchase such debt.
−Removed: The following table sets forth the principal cash flows by scheduled maturity, weighted-average interest rates, and estimated fair value of our debt obligations as of September 30, 2024 ($000’s omitted):
−Removed: As of September 30, 2024 for the
+Added: The following table sets forth the principal cash flows by scheduled maturity, weighted-average interest rates, and estimated fair value of our debt obligations as of March 31, 2025 ($000’s omitted):
+Added: As of March 31, 2025 for the
Years ending December 31,
5 unchanged sentences
Average interest rate 6.12 % — % — % — % — % — % 6.12 %
−Removed: (a) Includes the Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at September 30, 2024 .
+Added: (a) Includes the Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at March 31, 2025 .
Qualitative disclosure
1 unchanged sentence
SPECIAL NOTES CONCERNING FORWARD-LOOKING STATEMENTS
−Removed: As a cautionary note, except for the historical information contained herein, certain matters discussed in Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, and Item 3, Quantitative and Qualitative Disclosures About Market Risk , are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.
+Added: As a cautionary note, except for the historical information contained herein, certain matters discussed in Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, Item 3, Quantitative and Qualitative Disclosures About Market Risk , and elsewhere in this report are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements.
4 unchanged sentences
the impact of any changes to our strategy in responding to the cyclical nature of the industry or deteriorations in industry changes or downward changes in general economic or other business conditions, including any changes regarding our land positions and the levels of our land spend;
−Removed: economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general;
−Removed: labor supply shortages and the cost of labor;
+Added: economic changes nationally or in our local markets, including inflation,
+Added: deflation, changes in consumer confidence and preferences and the state of the market for homes in general;
+Added: supply shortages and the cost of labor and building materials;
the availability and cost of land and other raw materials used by us in our homebuilding operations;
1 unchanged sentence
competition within the industries in which we operate;
+Added: rapidly changing technological developments including, but not limited to, the use of artificial intelligence in the homebuilding industry;
governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities, slow growth initiatives and/or local building moratoria;
8 unchanged sentences
uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans, and related claims against us;
+Added: risks associated with the implementation of a new enterprise resource planning system;
risks related to information technology failures, data security issues, and the effect of cybersecurity incidents and threats;
3 unchanged sentences
the disruptions associated with the COVID-19 pandemic (or another epidemic or pandemic or similar public threat or fear of such an event), and the measures taken to address it;
+Added: the effect of cybersecurity incidents and threats;
and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature.
−Removed: See Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for a further discussion of these and other risks and
−Removed: uncertainties applicable to our businesses.
+Added: See Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, for a further discussion of these and other risks and uncertainties applicable to our businesses.
We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.
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.