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As you may know, I have been a DXC board member since 2020, having previously served as chairman of the Nominating and Corporate Governance Committee and as a member of the Compensation Committee. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% year to year.
Pillar 3 centered on reducing complexity and simplifying our organizational structure with an emphasis on client engagement, quality, automation, and operating leverage. We also introduced our next-generation mellowNow digital underwriting engine and brought our servicing business in-house. trillion, which is up from a forecast of $1.8
We have a strong balance sheet with low leverage and substantial liquidity, which provides us with significant financial flexibility to adapt to changing market conditions and opportunities. Our consolidated leverage at September 30 was 18.9%, and leverage net of cash was 5.2%. At September 30, our stockholders' equity was $25.3
Pillar three calls for reducing complexity and simplifying our organization structure with an emphasis on driving client engagement, quality, automation, and operating leverage. It was a lower coupon originations largely from 2020 and 2021 vintages. But I think also the automation to pick up the operating leverage associated with that.
Tight inventory levels in the resale and new home market propelled demand for available new homes, and we offered a combination of attractive pricing and compelling mortgage rate programs to capture that demand. With respect to the supply chain, the second quarter had the least supply chain disruption since 2020.
A great example of leveraging our heritage and outdoor activities is the evolution from barbecue and live fire cooking enthusiasts to the growing influences in the broader world of culinary. And we look at the retention rate we're getting with consumers, particularly from those high acquisition periods in 2020 and 2021.
We continue to maintain a strong balance sheet with low leverage and significant liquidity, which provides us with flexibility to adjust to changing market conditions. Our homebuilding leverage was 11.1% at the end of June, and homebuilding leverage net of cash was 0.7%. The height was in 2020 at 4.8 Thank you, Bill.
Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be found in the press release we issued this morning and in our quarterly report on Form 10-Q for the quarter ended September 30, 2020, that we expect to file with the SEC later today. Finally, the U.S.
See below excerpt from a recent blog post from Peter Walker , Head of Insights at Carta, titled “ Why this year is different for startups going bankrupt ”: “This data is the bad echo of the over-exuberance of startup boom times (roughly late 2020-early 2022).
MILLER: And so I took it as, you know, this was in the spring of 2020, I was thinking, boy, if all this is true, there’s going to be 11 people left in Manhattan by the fall, which of course was not the story. MILLER: And leveraging off of the technology, the platform for Instagram. RITHOLTZ: Fleeing, right. RITHOLTZ: Wow.
Home closing gross margin for the quarter was 24.8%, which, combined with SG&A leverage of 9.9%, resulted in diluted EPS of $5.34. Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory.
This richer data fuels our ability to build even more powerful models. -- leveraging the revolutionary power of LLMs to better predict buyer preferences and understand their intent with unprecedented accuracy, which then leads to the core of the flywheel creating more personalized experiences like window shopping in a store curated just for you.
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