KB Home (NYSE:KBH) Q2 2025 Earnings Conference Call June 23, 2025 5:00 PM ETCompany ParticipantsJeffrey T. Mezger - Chairman & CEOJill S. Peters - Senior Vice President of Investor RelationsRobert R. Dillard - CFO & EVPRobert V. McGibney - President & COOConference Call ParticipantsAlan S. Ratner - Zelman & Associates LLCJade Joseph Rahmani - Keefe, Bruyette, & Woods, Inc., Research DivisionJohn Lovallo - UBS Investment Bank, Research DivisionMatthew Adrien Bouley - Barclays Bank PLC, Research DivisionMichael Jason Rehaut - JPMorgan Chase & Co, Research DivisionRafe Jason Jadrosich - BofA Securities, Research DivisionRichard Samuel Reid - Wells Fargo Securities, LLC, Research DivisionStephen Kim - Evercore ISI Institutional Equities, Research DivisionStephen Mea - RBC Capital Markets, Research DivisionSusan Marie Maklari - Goldman Sachs Group, Inc., Research DivisionOperatorGood afternoon. My name is Julian, and I will be your conference operator for today. I would like to welcome everyone to the KB Home 2025 Second Quarter Earnings Conference Call.[Operator Instructions] This conference call is being recorded, and a replay will be accessible on the KB Home website until July 23, 2025.I will now turn the call over to Jill Peters, Senior Vice President of Investor Relations. Jill, you may begin.Jill S. PetersThank you, Julian. Good afternoon, everyone, and thank you for joining us today to review our results for the second quarter of fiscal 2025. On the call are Jeff Mezger, Chairman and Chief Executive Officer; Rob McGibney, President and Chief Operating Officer; Rob Dillard, Executive Vice President and Chief Financial Officer; Bill Hollinger, Senior Vice President and Chief Accounting Officer; and Thad Johnson, Senior Vice President and Treasurer.During this call, items will be discussed that are considered forward-looking statements within the