Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company’s effective tax rate for the six months ended June 30, 2025 and 2024 was estimated to be 23.2% and 21.7%, respectively. The effective tax rate increase of 1.5% was primarily attributable to decreased tax benefits from stock-based compensation due to an overall lower Company stock price on the vesting date when compared to the grant date for certain awards. The One Big Beautiful Bill Act (the “OBBBA”) was enacted on July 4, 2025. Based on the Company’s current structure and operations, the OBBBA does not have a material impact as of June 30, 2025. However, the OBBBA will eliminate Section 45L tax credits for new energy-efficient homes delivered after June 30, 2026, at which time the Company’s income tax expense and effective rate will not include the benefit from these tax credits. The Company will continue to monitor the impact of H.R.1 on its condensed consolidated financial statements.
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