v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 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):
June 30, 2026December 31, 2025
Land deposits and option payments (1)
$14,231 $19,187 
Commitments under the land purchase option and deposit contracts if the purchases are consummated (1)
$256,958 $285,654 
Lots under land options and land purchase contracts (1)
7,388 8,952 
(1)Includes land banking financing arrangements that are now concluded. 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 June 30, 2026 (in thousands):
Year Ending December 31,Operating leases
2026$979 
20271,760 
20281,265 
2029611 
2030308 
Thereafter109 
Total5,032 
Lease amount representing interest(428)
Present value of lease liabilities$4,604