
Three months ended June 30, 2025	Southeast		Central		Total
Home closing revenue	$	141,267	$	82,657	$	223,924
Cost of home closings	104,963		67,022		171,985
Home closing gross profit	36,304		15,635		51,939

Less:(1)
Selling, general, and administrative expenses(2)	14,220		9,149		23,369
Other segment items(3)	93		141		234
Segment profit	21,991		6,345		28,336

Corporate selling, general, and administrative costs(4)					11,333
Other corporate items(5)					(176)

Income before income taxes					$	17,179


Three months ended June 30, 2024	Southeast		Central		Total
Home closing revenue	$	124,392	$	96,541	$	220,933
Cost of home closings	87,147		74,728		161,875
Home closing gross profit	37,245		21,813		59,058

Less:(1)
Selling, general, and administrative expenses(2)	11,594		8,430		20,024
Other segment items(3)	53		47		100
Segment profit	25,598		13,336		38,934

Corporate selling, general, and administrative costs(4)					11,785
Other corporate items(5)					1,283

Income before income taxes					$	25,866


Six Months Ended June 30, 2025	Southeast		Central		Total
Home closing revenue	$	279,485	$	169,161	$	448,646
Cost of home closings	206,107		137,070		343,177
Home closing gross profit	73,378		32,091		105,469

Less:(1)
Selling, general, and administrative expenses(2)	27,406		17,753		45,159
Other segment items(3)	126		983		1,109
Segment profit	45,846		13,355		59,201

Corporate selling, general, and administrative costs(4)					22,542
Other corporate items(5)					(87)

Income before income taxes					$	36,746


Six Months Ended June 30, 2024	Southeast		Central		Total
Home closing revenue	$	227,887	$	182,255	$	410,142
Cost of home closings	159,654		141,970		301,624
Home closing gross profit	68,233		40,285		108,518

Less:(1)
Selling, general, and administrative expenses(2)	21,519		16,563		38,082
Other segment items(3)	111		103		214
Segment profit	46,603		23,619		70,222

Corporate selling, general, and administrative costs(4)					21,268
Other corporate items(5)					1,681

Income before income taxes					$	47,273

(1)The significant segment expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2) Selling, general, and administrative expenses consists of internal and external commissions, marketing expense, sales expense, indirect and warranty overhead, marketing department overhead, sales department overhead, general and administrative overhead, and depreciation and amortization expense.

(3)Other segment items includes interest expense, interest income, gain (loss) on sale of assets, and miscellaneous income. For the Central reportable segment, other segment items includes the change in fair value of contingent consideration related to the Devon Street Homes acquisition.

(4)Corporate primarily includes corporate overhead costs, such as payroll and benefits, business insurance, information technology, office costs, outside professional services and travel costs, depreciation and amortization expense, and certain other amounts that are not allocated to the reportable segments.

(5)Other corporate items includes equity in income from unconsolidated entities, interest expense, interest income, gain (loss) on sale of assets, and miscellaneous income that are not allocated to the reportable segments.


	June 30, 2025		December 31, 2024
Assets:
Southeast	$	291,252	$	230,226
Central (1)	248,613		205,257
Segment total	539,865		435,483
Corporate (2)	30,354		40,418
Total	$	570,219	$	475,901

(1)Balance includes goodwill of approximately $25.7 million resulting from the acquisition of Devon Street Homes, L.P.

(2)Corporate primarily includes cash and cash equivalents, property and equipment, and other assets that are not allocated to the segments.