Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company is included in the Sekisui House US Holdings, LLC (parent of SH Residential Holdings, LLC) ("SHUSH") consolidated tax group for U.S. federal income tax purposes. Although the Company’s post-merger results are included in the Sekisui House consolidated return, our income tax provision is calculated primarily as though we were a separate taxpayer for the full year. However, under certain circumstances, transactions between the Company and Sekisui House are assessed using consolidated tax return rules and any difference in liability between the separate company method will be addressed in a future tax sharing arrangement. Our overall effective income tax rates were 24.3% and 30.8% for the three and six months ended June 30, 2026 and 21.0% and 19.4% for the three and six months ended June 30, 2025, respectively. The rates for the three and six months ended June 30, 2026 resulted in an income tax expense of $9.5 million and $9.3 million, respectively, compared to $15.4 million and $32.4 million for the three and six months ended June 30, 2025, respectively. The year-over-year increase in our effective tax rate for the three and six months ended June 30, 2026, is primarily due to the increase in interest related to uncertain tax positions, changes in state rate and return to provision true-ups related to prior periods filings.
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