Quarter Ended Sep 30, 2021
Third quarter 2021 home closing gross margin of 29.7% was a new Company quarterly record. The 820 bps improvement from 21.5% a year ago mainly resulted from pricing power and leveraging of fixed costs on greater home closing revenue, which more than offset higher lumber prices and increases in other commodity costs.
Third quarter 2021 diluted EPS was a new Company quarterly record, reflecting the elevated homebuying demand in the market today and our successful operating model.
Ending community count increased by 16% year-over-year from 204 at September 30, 2020 to 236 at September 30, 2021. Sequentially, we added 10 net communities from 226 at June 30, 2021.
For Fiscal Year Ending Dec 31, 2020
For complete information regarding our financials, see our periodic filings