v3.26.1
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (52,380) $ (55,183) $ (103,782) $ (112,180)
Interest expense (2,187) 0 (2,774) 0
Other income, net 7,472 10,853 14,435 20,351
Earnings before income taxes 120,564 193,060 193,088 353,219
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 5,327 5,611 8,820 9,174
Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Operating Income 122,908 186,863 198,849 346,574
Corporate and unallocated costs $ (39,424) $ (44,916) $ (77,540) $ (89,300)
Gross Margin, Segment Reporting Percentage 18.30% 21.10% 17.90% 21.50%
Selling Expense $ 91,805 $ 108,830 $ 171,277 $ 203,550
Operating Segments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 43,731 69,094 72,989 133,759
Corporate and unallocated costs $ (11,117) $ (13,184) $ (21,968) $ (26,637)
Gross Margin, Segment Reporting Percentage 19.60% 20.80% 19.00% 21.30%
Selling Expense $ 23,854 $ 32,184 $ 45,225 $ 59,586
Operating Segments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 41,517 57,666 70,529 103,494
Corporate and unallocated costs $ (11,831) $ (12,543) $ (23,003) $ (25,382)
Gross Margin, Segment Reporting Percentage 19.10% 22.20% 18.70% 22.10%
Selling Expense $ 32,030 $ 35,654 $ 60,507 $ 68,311
Operating Segments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 37,660 60,103 55,331 109,321
Corporate and unallocated costs $ (16,476) $ (19,189) $ (32,569) $ (37,281)
Gross Margin, Segment Reporting Percentage 16.60% 20.50% 16.40% 21.30%
Selling Expense $ 35,921 $ 40,992 $ 65,545 $ 75,653
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 1,400,631 1,623,986 2,517,814 2,981,511
Cost of Revenue 1,146,494 1,283,377 2,070,148 2,342,087
Gross Profit 254,137 340,609 447,666 639,424
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue 405,353 549,205 741,536 1,029,532
Cost of Revenue 326,651 434,743 601,354 809,550
Gross Profit 78,702 114,462 140,182 219,982
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue 452,238 487,394 831,264 900,861
Cost of Revenue 366,860 381,531 677,225 703,674
Gross Profit 85,378 105,863 154,039 197,187
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue 543,040 587,387 945,014 1,051,118
Cost of Revenue 452,983 467,103 791,569 828,863
Gross Profit 90,057 120,284 153,445 222,255
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs (12,956) [1] (10,267) (26,242) [1] (22,880) [1]
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense (2,187) 0 (2,774) 0
Other income, net 7,472 10,853 14,435 20,351
Homebuilding        
Segment Reporting Information [Line Items]        
Revenue 1,400,631 1,623,986 2,517,814 2,981,511
Gross Profit 254,137 340,609 447,666 639,424
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 1,387,911 1,615,709 2,495,733 2,957,813
Cost of Revenue 1,134,298 1,274,381 2,048,322 2,320,835
Gross Profit 253,613 341,328 447,411 636,978
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue 400,755 549,205 736,938 1,028,841
Cost of Revenue 322,395 434,743 597,098 809,408
Gross Profit 78,360 114,462 139,840 219,433
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue 446,726 480,425 823,026 892,962
Cost of Revenue 361,381 373,838 669,076 695,646
Gross Profit 85,345 106,587 153,950 197,316
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue 540,430 586,079 935,769 1,036,010
Cost of Revenue 450,522 465,800 782,148 815,781
Gross Profit 89,908 120,279 153,621 220,229
Home closings        
Segment Reporting Information [Line Items]        
Revenue 1,387,911 1,615,709 2,495,733 2,957,813
Gross Profit 253,613 341,328 447,411 636,978
Land closings        
Segment Reporting Information [Line Items]        
Revenue 12,720 8,277 22,081 23,698
Gross Profit 524 (719) 255 2,446
Land closings | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 12,720 8,277 22,081 23,698
Cost of Revenue 12,196 8,996 21,826 21,252
Gross Profit 524 (719) 255 2,446
Land closings | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue 4,598 0 4,598 691
Cost of Revenue 4,256 0 4,256 142
Gross Profit 342 0 342 549
Land closings | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue 5,512 6,969 8,238 7,899
Cost of Revenue 5,479 7,693 8,149 8,028
Gross Profit 33 (724) 89 (129)
Land closings | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue 2,610 1,308 9,245 15,108
Cost of Revenue 2,461 1,303 9,421 13,082
Gross Profit $ 149 $ 5 $ (176) $ 2,026
[1]
Six Months Ended June 30, 2026
WestCentralEastTotal
Home closing revenue$736,938 $823,026 $935,769 $2,495,733 
Land closing revenue4,598 8,238 9,245 22,081 
Total closing revenue741,536 831,264 945,014 2,517,814 
Cost of home closings597,098 669,076 782,148 2,048,322 
Cost of land closings4,256 8,149 9,421 21,826 
Total cost of closings601,354 677,225 791,569 2,070,148 
Home closing gross profit139,840 153,950 153,621 447,411 
Land closing gross profit/(loss)342 89 (176)255 
Total closing gross profit140,182 154,039 153,445 447,666 
Home closing gross margin19.0%18.7%16.4%17.9%
Commissions and other sales costs45,225 60,507 65,545 171,277 
General and administrative expenses21,968 23,003 32,569 77,540 
Homebuilding segment operating income72,989 70,529 55,331 198,849 
Financial services segment profit8,820 
Corporate and unallocated costs (1)(26,242)
Interest expense(2,774)
Other income, net14,435 
Earnings before income taxes$193,088 
(1)Balance consists primarily of corporate costs and shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.
Six Months Ended June 30, 2025
WestCentralEastTotal
Home closing revenue$1,028,841 $892,962 $1,036,010 $2,957,813 
Land closing revenue691 7,899 15,108 23,698 
Total closing revenue1,029,532 900,861 1,051,118 2,981,511 
Cost of home closings809,408 695,646 815,781 2,320,835 
Cost of land closings142 8,028 13,082 21,252 
Total cost of closings809,550 703,674 828,863 2,342,087 
Home closing gross profit219,433 197,316 220,229 636,978 
Land closing gross profit/(loss)549 (129)2,026 2,446 
Total closing gross profit219,982 197,187 222,255 639,424 
Home closing gross margin21.3%22.1%21.3%21.5%
Commissions and other sales costs59,586 68,311 75,653 203,550 
General and administrative expenses26,637 25,382 37,281 89,300 
Homebuilding segment operating income133,759 103,494 109,321 346,574 
Financial services segment profit9,174 
Corporate and unallocated costs (1)(22,880)
Interest expense— 
Other income, net20,351 
Earnings before income taxes$353,219 
(1)Balance consists primarily of corporate costs and shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.