|Thad Johnson||SVP and Treasurer|
|Jeff Mezger||Chairman, President and CEO|
|Rob McGibney||EVP and Co-COO|
|Jeff Kaminski||EVP and CFO|
|Bill Hollinger||SVP and CAO|
|Stephen Kim||Evercore ISI|
|Mike Rehaut||JP Morgan|
|Alan Ratner||Zelman & Associates|
|Deepa Raghavan||Wells Fargo|
|Susan Maklari||Goldman Sachs|
|Jay McCanless||Wedbush Securities|
Good afternoon. My name is Alex, and I will be your conference operator today. I would like to welcome everyone to the KB Home 2022 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Following the company's opening remarks, we will open the line for questions.