Segment Information - Schedule of Expenses and Income Before Income Taxes for each Reportable Segments (Details) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
| Segment Reporting |
|
|
|
|
| Total revenues |
$ 702,072
|
$ 902,413
|
$ 1,223,461
|
$ 1,643,341
|
| Other operations expense |
(812)
|
(793)
|
(1,625)
|
(1,587)
|
| Sales and marketing |
(45,333)
|
(50,171)
|
(83,220)
|
(93,113)
|
| General and administrative |
(177,205)
|
(60,803)
|
(230,164)
|
(118,478)
|
| Income (loss) from operations |
(97,181)
|
76,705
|
(91,561)
|
153,591
|
| Equity in income (loss) of unconsolidated entities |
(24)
|
471
|
(112)
|
966
|
| Transaction expense |
(73,779)
|
|
(79,656)
|
|
| Other income, net |
5,652
|
7,174
|
12,888
|
16,303
|
| (Loss) income before income taxes |
(165,332)
|
84,350
|
(158,441)
|
170,860
|
| Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
685,966
|
884,010
|
1,193,862
|
1,607,437
|
| Other operations expense |
(812)
|
(793)
|
(1,625)
|
(1,587)
|
| Sales and marketing |
(45,333)
|
(50,171)
|
(83,220)
|
(93,113)
|
| General and administrative |
(177,205)
|
(60,803)
|
(230,164)
|
(118,478)
|
| Income (loss) from operations |
(99,611)
|
72,360
|
(95,419)
|
144,362
|
| Equity in income (loss) of unconsolidated entities |
(24)
|
471
|
(112)
|
966
|
| Transaction expense |
(73,779)
|
0
|
(79,656)
|
0
|
| Other income, net |
5,652
|
7,174
|
12,888
|
16,303
|
| Financial Services |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
16,106
|
18,403
|
29,599
|
35,904
|
| Financial services expense |
(13,676)
|
(14,058)
|
(25,741)
|
(26,675)
|
| Home sales revenue |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
(562,022)
|
(696,630)
|
(973,088)
|
(1,244,903)
|
| Home sales revenue | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
685,118
|
879,832
|
1,191,614
|
1,600,618
|
| Cost of home, land and lot sales |
(562,022)
|
(696,630)
|
(973,088)
|
(1,244,903)
|
| Land and lot sales revenue |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
(205)
|
(3,253)
|
(1,184)
|
(4,994)
|
| Land and lot sales revenue | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
23
|
3,364
|
598
|
5,185
|
| Cost of home, land and lot sales |
(205)
|
(3,253)
|
(1,184)
|
(4,994)
|
| Other operations revenue | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
825
|
814
|
1,650
|
1,634
|
| Operating Segments | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
685,966
|
884,010
|
1,193,862
|
1,607,437
|
| Other operations expense |
(812)
|
(793)
|
(1,625)
|
(1,587)
|
| Sales and marketing |
(45,119)
|
(49,620)
|
(82,808)
|
(92,099)
|
| General and administrative |
(54,000)
|
(36,066)
|
(87,472)
|
(70,947)
|
| Financial services expense |
0
|
0
|
0
|
0
|
| Income (loss) from operations |
25,220
|
99,460
|
50,528
|
196,189
|
| Equity in income (loss) of unconsolidated entities |
(24)
|
471
|
(112)
|
966
|
| Transaction expense |
0
|
|
0
|
|
| Other income, net |
157
|
294
|
455
|
692
|
| (Loss) income before income taxes |
25,353
|
100,225
|
50,871
|
197,847
|
| Operating Segments | Financial Services |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
16,106
|
18,403
|
29,599
|
35,904
|
| Other operations expense |
0
|
0
|
0
|
0
|
| Sales and marketing |
0
|
0
|
0
|
0
|
| General and administrative |
0
|
0
|
0
|
0
|
| Financial services expense |
(13,676)
|
(14,058)
|
(25,741)
|
(26,675)
|
| Income (loss) from operations |
2,430
|
4,345
|
3,858
|
9,229
|
| Equity in income (loss) of unconsolidated entities |
0
|
0
|
0
|
0
|
| Transaction expense |
0
|
|
0
|
|
| Other income, net |
0
|
0
|
0
|
0
|
| (Loss) income before income taxes |
2,430
|
4,345
|
3,858
|
9,229
|
| Operating Segments | West |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
365,099
|
474,474
|
631,857
|
876,223
|
| Other operations expense |
(812)
|
(793)
|
(1,625)
|
(1,587)
|
| Sales and marketing |
(22,628)
|
(24,560)
|
(41,766)
|
(47,329)
|
| General and administrative |
(27,980)
|
(18,647)
|
(44,824)
|
(36,973)
|
| Financial services expense |
0
|
0
|
0
|
0
|
| Income (loss) from operations |
9,668
|
54,916
|
22,123
|
108,597
|
| Equity in income (loss) of unconsolidated entities |
(13)
|
65
|
(17)
|
67
|
| Transaction expense |
0
|
|
0
|
|
| Other income, net |
19
|
148
|
26
|
238
|
| (Loss) income before income taxes |
9,674
|
55,129
|
22,132
|
108,902
|
| Operating Segments | Central |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
206,933
|
262,601
|
361,783
|
474,533
|
| Other operations expense |
0
|
0
|
0
|
0
|
| Sales and marketing |
(15,409)
|
(17,227)
|
(27,749)
|
(30,564)
|
| General and administrative |
(14,122)
|
(9,285)
|
(22,909)
|
(18,086)
|
| Financial services expense |
0
|
0
|
0
|
0
|
| Income (loss) from operations |
13,690
|
27,112
|
22,113
|
55,681
|
| Equity in income (loss) of unconsolidated entities |
(10)
|
406
|
(10)
|
899
|
| Transaction expense |
0
|
|
0
|
|
| Other income, net |
133
|
146
|
407
|
450
|
| (Loss) income before income taxes |
13,813
|
27,664
|
22,510
|
57,030
|
| Operating Segments | East |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
113,934
|
146,935
|
200,222
|
256,681
|
| Other operations expense |
0
|
0
|
0
|
0
|
| Sales and marketing |
(7,082)
|
(7,833)
|
(13,293)
|
(14,206)
|
| General and administrative |
(11,898)
|
(8,134)
|
(19,739)
|
(15,888)
|
| Financial services expense |
0
|
0
|
0
|
0
|
| Income (loss) from operations |
1,862
|
17,432
|
6,292
|
31,911
|
| Equity in income (loss) of unconsolidated entities |
(1)
|
0
|
(85)
|
0
|
| Transaction expense |
0
|
|
0
|
|
| Other income, net |
5
|
0
|
22
|
4
|
| (Loss) income before income taxes |
1,866
|
17,432
|
6,229
|
31,915
|
| Operating Segments | Home sales revenue | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
685,118
|
879,832
|
1,191,614
|
1,600,618
|
| Cost of home, land and lot sales |
(560,610)
|
(694,818)
|
(970,245)
|
(1,241,621)
|
| Operating Segments | Home sales revenue | Financial Services |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Cost of home, land and lot sales |
0
|
0
|
0
|
0
|
| Operating Segments | Home sales revenue | West |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
(303,806)
|
(372,305)
|
(521,009)
|
(677,931)
|
| Operating Segments | Home sales revenue | West | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
364,251
|
470,305
|
630,184
|
870,827
|
| Operating Segments | Home sales revenue | Central |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
(163,712)
|
(208,977)
|
(288,338)
|
(369,014)
|
| Operating Segments | Home sales revenue | Central | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
206,933
|
262,593
|
361,208
|
473,115
|
| Operating Segments | Home sales revenue | East |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
(93,092)
|
(113,536)
|
(160,898)
|
(194,676)
|
| Operating Segments | Home sales revenue | East | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
113,934
|
146,934
|
200,222
|
256,676
|
| Operating Segments | Land and lot sales revenue | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
23
|
3,364
|
598
|
5,185
|
| Cost of home, land and lot sales |
(205)
|
(3,253)
|
(1,184)
|
(4,994)
|
| Operating Segments | Land and lot sales revenue | Financial Services |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Cost of home, land and lot sales |
0
|
0
|
0
|
0
|
| Operating Segments | Land and lot sales revenue | West |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
(205)
|
(3,253)
|
(510)
|
(3,806)
|
| Operating Segments | Land and lot sales revenue | West | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
23
|
3,364
|
23
|
3,785
|
| Operating Segments | Land and lot sales revenue | Central |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
0
|
0
|
(674)
|
(1,188)
|
| Operating Segments | Land and lot sales revenue | Central | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
575
|
1,400
|
| Operating Segments | Land and lot sales revenue | East |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Cost of home, land and lot sales |
0
|
0
|
0
|
0
|
| Operating Segments | Land and lot sales revenue | East | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Operating Segments | Other operations revenue | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
825
|
814
|
1,650
|
1,634
|
| Operating Segments | Other operations revenue | Financial Services |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Operating Segments | Other operations revenue | West | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
825
|
805
|
1,650
|
1,611
|
| Operating Segments | Other operations revenue | Central | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
8
|
0
|
18
|
| Operating Segments | Other operations revenue | East | Homebuilding Operations |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
1
|
0
|
5
|
| Corporate |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Other operations expense |
0
|
0
|
0
|
0
|
| Sales and marketing |
(214)
|
(551)
|
(412)
|
(1,014)
|
| General and administrative |
(123,205)
|
(24,737)
|
(142,692)
|
(47,531)
|
| Financial services expense |
0
|
0
|
0
|
0
|
| Income (loss) from operations |
(124,831)
|
(27,100)
|
(145,947)
|
(51,827)
|
| Equity in income (loss) of unconsolidated entities |
0
|
0
|
0
|
0
|
| Transaction expense |
(73,779)
|
|
(79,656)
|
|
| Other income, net |
5,495
|
6,880
|
12,433
|
15,611
|
| (Loss) income before income taxes |
(193,115)
|
(20,220)
|
(213,170)
|
(36,216)
|
| Corporate | Home sales revenue |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Cost of home, land and lot sales |
(1,412)
|
(1,812)
|
(2,843)
|
(3,282)
|
| Corporate | Land and lot sales revenue |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
0
|
0
|
0
|
0
|
| Cost of home, land and lot sales |
0
|
0
|
0
|
0
|
| Corporate | Other operations revenue |
|
|
|
|
| Segment Reporting |
|
|
|
|
| Total revenues |
$ 0
|
$ 0
|
$ 0
|
$ 0
|