v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lots Under Option or Contract The following is a summary of our land purchase deposits included in pre-acquisition costs and deposits (in thousands, except for lot count):
March 31, 2026December 31, 2025
Land deposits and option payments (1)
$16,904 $19,187 
Commitments under the land purchase option and deposit contracts if the purchases are consummated (1)
$246,553 $285,654 
Lots under land options and land purchase contracts (1)
7,822 8,952 
(1)Includes land banking financing arrangements, see Note 2 and Note 3 for more details regarding real estate not owned.
Lessee, Operating Lease, Liability, Maturity
The table below shows the future minimum payments under non-cancelable operating leases at March 31, 2026 (in thousands):
Year Ending December 31,Operating leases
2026$1,494 
20271,760 
20281,265 
2029611 
2030308 
Thereafter109 
Total5,547 
Lease amount representing interest(498)
Present value of lease liabilities$5,049