Quarter Ended Jun 30, 2021
We generated the Company’s all-time high quarterly home closing gross margin of 27.3% in the second quarter of 2021. We expanded our margin year-over-year by 590 bps, mainly resulting from efficiencies gained from higher ASP and leveraging of our fixed costs on greater home closing volume, which more than offset the high lumber prices and increases in other commodity costs.
Our community count grew 11% sequentially from 203 communities at March 31, 2021 to 226 communities at June 30, 2021.
Second quarter 2021 diluted EPS improved 83% year-over-year to $4.36 due to higher closing volume, pricing power, expanded gross margin and improved overhead leverage.
For Fiscal Year Ending Dec 31, 2020
For complete information regarding our financials, see our periodic filings