Investments in unconsolidated entities |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| Investments in unconsolidated entities | Investments in unconsolidated entities:The Company has non‑controlling equity interests in various entities for which the Company applies the equity method of accounting. As of June 30, 2025, the Company had equity method investments in two entities engaged in the development and sale of lots, one entity engaged in providing mortgage broker services to our homebuyers, and one entity engaged in providing title insurance services to our homebuyers. The Company’s proportionate share of the entities’ income was approximately $0.6 million and $0.8 million during the three and six months ended June 30, 2025, respectively, and $0.2 million and $0.4 million during the three and six months ended June 30, 2024, respectively. The entities distributed approximately $0.4 million and $0.7 million during the three and six months ended June 30, 2025, respectively, and $0.2 million and $0.4 million to the Company during the three and six months ended June 30, 2024, respectively. The Company contributed approximately $0.0 million and $1.1 million during the three and six months ended June 30, 2025, respectively, and $0.6 million during the three and six months ended June 30, 2024. Investments in unconsolidated entities totaled approximately $2.1 million and $1.0 million as of June 30, 2025 and December 31, 2024, respectively, which are included within other assets in the accompanying unaudited condensed consolidated balance sheets. |