Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and other liabilities consist of the following (in thousands):





						March 31,						December 31,
						2026						2025
Real estate inventory development and construction payable						$	57,001					$	57,103
Taxes payable						10,689						9,704
Land banking financing arrangements						4,224						7,976
Accrued compensation, bonuses and benefits						7,703						14,677
Warranty reserve						14,300						14,500
Accrued interest						26,929						14,223
Inventory related obligations						11,371						11,641
Lease liability						5,049						5,139
Contract deposits						6,380						5,845
Other						16,079						17,163
Total accrued expenses and other liabilities						$	159,725					$	157,971

Changes in Company's Warranty Accrual

Changes to our warranty accrual are as follows (in thousands):





						Three Months Ended March 31,
						2026						2025

Warranty reserves, beginning of period						$	14,500					$	16,100
Warranty provision						535						1,594
Warranty expenditures						(735)						(1,194)
Warranty reserves, end of period						$	14,300					$	16,500