Forestar Group (FOR) Q3 FY26 earnings call

Forestar delivered solid third-quarter results, marked by increased revenues and profits, while maintaining a strong balance sheet and significant liquidity. Despite ongoing affordability constraints and cautious consumer sentiment impacting new home sales, the company is managing inventory investments with discipline and remains focused on efficient land and lot turnover. Management reiterated full-year guidance, confident in its ability to navigate market conditions and expand market share in the fragmented lot development industry.