Joint Ventures	12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]
Joint Ventures	Joint Ventures On a limited basis, we acquire finished lots using joint venture limited liability corporations (“JVs”). The JVs are typically structured such that we are a non-controlling member and at risk only for the amount we have invested, or committed to invest, in addition to any deposits placed under LPAs with the joint venture. We are not a borrower, guarantor or obligor on any debt of the JVs, as applicable. We enter into LPAs to purchase lots from these JVs, and as a result have a variable interest in these JVs. We determined that we are not the primary beneficiary in any of the JVs because we and the JV partner either share power or the JV partner has the controlling financial interest. As of December 31, 2025, we had an aggregate investment totaling approximately $78,100 in five JVs that are expected to produce approximately 8,900 lots, of which approximately 8,550 lots were controlled by us and the remaining approximately 350 lots were either under contract with unrelated parties or not currently under contract. We had additional funding commitments totaling approximately $34,100 in three of the JVs as of December 31, 2025. The investment in JVs is reported in the “Other assets” line item on the accompanying consolidated balance sheets. None of the JVs had any indicators of impairment as of December 31, 2025. As of December 31, 2024, we had an aggregate investment totaling approximately $29,300 in three JVs that were expected to produce approximately 5,150 finished lots, of which approximately 4,800 lots were controlled by us and the remaining approximately 350 lots were either under contract with unrelated parties or not currently under contract. In addition, as of December 31, 2024, we had additional funding commitments in the aggregate totaling approximately $8,400 in one of the JVs.

Joint Ventures

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

On a limited basis, we acquire finished lots using joint venture limited liability corporations (“JVs”). The JVs are typically structured such that we are a non-controlling member and at risk only for the amount we have invested, or committed to invest, in addition to any deposits placed under LPAs with the joint venture. We are not a borrower, guarantor or obligor on any debt of the JVs, as applicable. We enter into LPAs to purchase lots from these JVs, and as a result have a variable interest in these JVs. We determined that we are not the primary beneficiary in any of the JVs because we and the JV partner either share power or the JV partner has the controlling financial interest.

As of December 31, 2025, we had an aggregate investment totaling approximately $78,100 in five JVs that are expected to produce approximately 8,900 lots, of which approximately 8,550 lots were controlled by us and the remaining approximately 350 lots were either under contract with unrelated parties or not currently under contract. We had additional funding commitments totaling approximately $34,100 in three of the JVs as of December 31, 2025. The investment in JVs is reported in the “Other assets” line item on the accompanying consolidated balance sheets. None of the JVs had any indicators of impairment as of December 31, 2025.

As of December 31, 2024, we had an aggregate investment totaling approximately $29,300 in three JVs that were expected to produce approximately 5,150 finished lots, of which approximately 4,800 lots were controlled by us and the remaining approximately

350 lots were either under contract with unrelated parties or not currently under contract. In addition, as of December 31, 2024, we had additional funding commitments in the aggregate totaling approximately $8,400 in one of the JVs.