Eric Starks, Chairman of the Board, commented, “The increase in production coupled with the fall in backlogs resulted in some downward change to the backlog-to-build ratio, which stands at 5.7 months. This ratio is right in line with the average level for the last half of 2023 and is slightly below the historical average prior to 2020. A fall in the ratio is normal following the holiday season, and the overall picture is still that of an industry that is continuing its move towards stability.”

Eric Starks
Chairman of the Board