Mackenzie, everyone. and Thank morning, good you,
and Chief me Heuser, will while market and our our Joining our remarks, and Corporate new as highlights performance my the to team's year. Curt Chief well Officer. of strong Erik land update in our is our I'm Erik quarter on metrics. an into guidance as share XXXX our pleased VanHyfte, strategic After head the we portfolio, better-than-expected review Curt the results will healthy fourth Financial review as Officer; priorities Operations financial
tremendous Morrison. XX%, home of year Our adjusted revenue team's total, adjusted Taylor margin a homebuilding another $X.X delivered quarter share. per gross diluted of for to at up fourth closings generate XX,XXX of $X.XX earnings billion strong wrapped execution we In driving homes healthy
from share drove value million the a repurchases ago. $XXX year over XX% high X XX% and which last years share per X new our years from Our a $XX up of earnings, ago was combined with book to of
it for optimizing streamlining from M&A, a the rising growth, intentional we following economic abilities. positioned transformative significant interest commitment operational business displayed years uncertainty, integrations face and resiliency to unrest, have our global While our of strategically rates, we and headwinds and tireless
I'm XXXX, I As exceeded sit and more I to and of continue ahead of our demonstrating disciplined we XXXX even platform. balanced earnings' to we look proud expect power excited delivered incredibly XXXX, as here when the which guidance today, the in and our operating results
inevitable Move-up strongly We as Lifestyle, risk Entry-level, combined diversification demonstrated potential, through and our high-quality groups flows our with enhance line bottom fourth housings opportunities locations from and that emphasis with believe and buyer volatile are critical ranging growth that ebbs across our community differentiators results on our throughout mitigation Resort quarter. a
priority believe Our that growth ahead required move firmly for established outsized our operational gains. we is that top now the reaccelerating efficiency share have we as market we
by thereafter. we home growth and approximately XXXX followed XXXX, deliver in XX,XXX least closings, expect at In to XX%
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offer larger with and parcels land in sellers self-developed in away evident is by that strength greater lots, finished expensive a our master from planned communities This acquisitions often pace restrictive for margin shift in opportunity. partnering
several over community a XX% increased finished as the as by ago, approximately years to average our XX% recent have while increased have acquisitions in by expectations sales have from just about our XX% pace total example, declined sizes monthly years, also underwritten years of percentage lots last For X XX%.
run improves believe While outlets the important a range this of towards is evolution long-term pace in we this low decisions capacity to the level land modest It limited third-party absolute strategic our land the to limits mid-Xs. as an visibility. and larger, monthly of our rate the compared our These sales is our exposure planning shifts low historical of more efficient X communities, in driver headwind confidence also long-term annual our to returns. to underpin developers target investment in our average in our
Following that in achieve mix this sales am the our XXXX pace on of based the communities targeted X low to strength month the of in X.X sales XXXX, pleased I of and market. per underlying pace we expect goal
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sales the XX% slowness also orders rates. higher December XX%. that offset in with tools our quarter, experienced increased in gain innovative partially nearing typical to the year-end to year-over-year continue moderation our alongside into fourth rates we acceleration quarter strong traction interest Specific outsized earlier and Meanwhile, conversion digital the defined sales net sales with seasonal
quarter demand balanced and homes, consumer inventory all meets increase mix year-over-year types. to-be-built XX% of Our including spec among at a available in end
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healthy traffic the in I far trending reservations, sales, recently and with continued season kicked momentum January spring into all that positively am the off. pleased February and thus as selling
contribution the XXXX. ways their of continue saw that pricing shopping tailored to eager These in us home are journey. in alone, convenience highest with online and reservations most since in monthly March month January numbers that single home and in consumers to to new transparency, their we different provide fact, with and flexibility a In sales needs engage prove the
look sales it at sales activity. all across and points drive favorable online I construction our is that demographic and with and our of strength, continuing of for demand new trends clear supply inventory When breadth success the solid to limited remains price employment
across By with on Entry-level at our comprised most consumer year-over-year were Entry-level our XX% year segment our fourth Move-up Resort up Sales category strongly a net of these recovering were ago and XX%, sales strongly group, groups orders segment XX%. a of Lifestyle each from at basis. our at quarter
only a segment sequential on displaying business and quarter-over-quarter However, typical back as that well rate Lifestyle performed basis, strength the volatility. our we slowing growth, interest of sales' seasonal with expect those exceptionally amid Resort to consumers the
XX% the of excellent success fourth financial in buyers strength the our with an of Taylor Funding, These targeted XXX, by credit financed average down buyers payment of XX% factors stats Gen that driving Z. and score were sets. nearly income quarter millennials metrics is consumer One our Among remained average were impressive the credit key Morrison Home of considering another X% $XXX,XXX. especially household these and are of average of
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affordability communities incentives most to our to where of first-time use our heavily result, a weighted buyers are sensitive is Entry-level constraints. mortgage As
of fourth that of or fact, interest forward In outsized were advantage rate took of a XX% the commitment and our closings buyers. XX% similar mortgage structure quarter first-time
efficient advantages to benefits, to to-be-built the production given extends our construction. of spec In platform diversification with these capture both highly high-margin along our addition ability to consumer sales
Our the helped businesses, and premium several superior Entry-level fourth high-margin communities quarter and per and Lifestyle generate basis higher which gross second revenue operate margins, in largely as exceeded lot Resort business. that $XXX,XXX hundred points home Move-up than design to-be-built our generate center
with in are spec were XX% to and efficiencies spec In Meanwhile, prior important needs offerings, the sales similar approximately consumer first our quarter, home X protection down buyers from XX% range each homes our to but here slightly of Move-up preferences. low XXXX. for the providing the Entry-level and primarily quarters, group's fourth served
important wrap focus growth customers going forward. outsized and our in up, never equipped better opportunities on to of concentrated us for and exceptionally quality position diversification core the the believe of in To serve been emphasis and advantages we submarkets business value we advantage the a With well take to strategic long-standing on of across provide have our ahead, locations our create our operationally geographies years all that price points stakeholders.
portfolio. to to me Erik the land our review With that, call now let turn
