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The company invested nearly $350 million in land and land development during the quarter.
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The builder nearly tripled its profit compared to its first quarter last year.
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The builder saw profits jump by more than 3,000% during both the last quarter and the previous year.
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The builder's strong fourth quarter accounted for close to a third of the company's full-year profit.
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After four quarters of improvements, the builder is turning its attention toward buying land in the right place and at the right price.