Jessica You, morning. and Thank good
Operating on all on front Financial Chief in our call dedicated of express gratitude and for by country's our President are while communities. we am our field and first and the Chief practicing and workers to Executive joined We'd Officer. Vice locations also our caring to like Vice lines different healthcare President be this our who Although, pleased Mike are social Bill distancing, to I Executive Wheat, Murray, Officer
of I business and pandemic address rest with remain by operations. along affected world results, impacts of the market about talk thoughts economy navigate our Our on our Covid-XX with the current conditions second the quarter the we through and before while will this we those
Housing second low, solid rates throughout most homes limited and market the loans were remained home of and our new was a of prices of interest strong as supply mortgage affordable was at quarter demand economic across most fundamentals markets. on there
of demand in our same the during March decreases as the impacts the increases Covid-XX April all negatively markets. States sales experienced April year. to widespread in affect for to began reduction in of homes activity related new cancellations sales and and We March across economic the part into compared orders in date in in However, the United as as operations, our of latter and last period across late to well business
In implemented, almost all financial critical have and as where essential been services municipalities been residential restrictions construction, part US the other have infrastructure. designated distancing social businesses as lot development, of across
on levels teams, allowed prepared in to operations and acquisition to offerings, based low operating markets our health of partners limiting our operations, adjusting safety our and home our in each land liquidity in inventory on are development flexible the trade our and this from maintain leverage investments optimize we product priority. market plan were continued with position. to sales well and our believe standards the flows homebuilding distancing inventory communities a With experienced number have other by pricing, and We our strong comply of made is environment. employees, one and cash housing We position operations strong adjustments and land to appropriate We social and space local our those spending it generating conditions. uncertain financial as operate incentives, return the customers
and significant March. nation operational unprecedented for practices second our strong adjustments to a time in delivered team this Our during our while making quarter
billion. $X.X million on for consolidated income $XXX the increased quarter Our revenues XX% to increase to pretax in X%
basis Our our sales margin to orders pretax and improved points increased profit XXX XX%. net XX.X%
on the the on and homebuilding XX-months XXst March ended Mike? return our consolidated was XX.X% Our trailing same inventory period for equity return for was XX.X%.
