v3.26.1
Homesites Under Option Contracts (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Change in Homesites Under Option Contracts

The change in homesites under option contracts from December 31, 2025 through June 30, 2026 is as follows:

 

 

Six months
ended June 30,

 

(in thousands)

 

2026

 

Beginning balance as of December 31, 2025

 

$

 

8,872,695

 

Investments in homesites under option contracts (1)

 

 

 

2,234,263

 

Takedowns of homesites under option contracts

 

 

 

(1,503,223

)

Total homesites under option contracts

 

$

 

9,603,735

 

 

(1)
Investments include land acquisitions of $1.0 billion and development costs of $1.2 billion during the six months ended June 30, 2026.