Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Inventories	$ 7,129,165	$ 7,179,927
Total Assets	8,274,418	8,561,946
LIABILITIES AND EQUITY
Total Liabilities	2,761,273	3,019,353
Stockholder's Equity
Common stock, $0.01 par value; 150 shares authorized; 100 issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Additional paid-in-capital	3,683,807	3,683,807
Retained earnings	1,829,338	1,858,786
Total Stockholder's Equity	5,513,145	5,542,593
Total Liabilities and Stockholder's Equity	8,274,418	8,561,946
Related Party
LIABILITIES AND EQUITY
Accounts payable	44,700	2,200
Homebuilding:
ASSETS
Cash and cash equivalents	69,647	266,486
Restricted Cash	0	1
Trade and other receivables	80,000	78,592
Related party receivables	3,697	47,219
Inventories	7,129,165	7,179,927
Property and equipment, net	102,151	96,089
Deferred tax asset, net	84,954	86,619
Prepaids and other assets	179,208	207,261
Investment in unconsolidated entities	22,798	23,681
Goodwill and intangible assets, net	233,614	236,614
Total Assets	7,905,234	8,222,489
LIABILITIES AND EQUITY
Accounts payable	194,950	176,674
Accrued and other liabilities	527,217	562,284
Senior notes, net	1,485,630	1,485,166
Total Liabilities	2,445,490	2,717,054
Homebuilding: \| Nonrelated Party
LIABILITIES AND EQUITY
Revolving credit facility	190,000	0
Notes payable, net	2,950	2,953
Homebuilding: \| Related Party
LIABILITIES AND EQUITY
Revolving credit facility	0	487,789
Notes payable, net	44,743	2,188
Financial Services:
ASSETS
Cash and cash equivalents	101,821	93,645
Restricted Cash	301	546
Mortgage loans held-for-sale, net	229,840	216,107
Other assets	37,222	29,159
Total Assets	369,184	339,457
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	127,437	125,078
Mortgage repurchase facility	188,346	177,221
Total Liabilities	$ 315,783	$ 302,299

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

Name:	us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.