v3.26.1
Inventory (Tables)
 12 Months Ended
Dec. 31, 2025
Inventory, Real Estate [Abstract]  
Schedule of Inventory, Current [Table Text Block]
A summary of homebuilding inventory is as follows (in thousands):
December 31, 2025December 31, 2024
Land and lots - developed and under development$1,452,072 $1,234,532 
Homes completed or under construction621,677 678,198 
Land held for future development(1)
14,481 14,481 
Land held for sale10,981 10,521 
Total inventory$2,099,211 $1,937,732 
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
A summary of interest costs incurred, capitalized and expensed is as follows (in thousands):
Years Ended December 31,
202520242023
Interest capitalized at beginning of period$26,620 $24,126 $22,752 
Interest incurred12,676 13,910 14,628 
Interest charged to cost of revenues(9,554)(11,416)(13,254)
Interest capitalized at end of period$29,742 $26,620 $24,126 
Capitalized interest as a percentage of inventory1.4 %1.4 %1.6 %