v3.26.1
Information on Segments (Tables)
 9 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Schedule of Revenue and Income (Loss) Before Income Taxes and Total Assets
Total revenues, significant expenses, income (loss) from operations and income (loss) before income taxes for each of our reportable segments were as follows ($ amounts in thousands):
For the three months ended July 31, 2026
NorthMid-AtlanticSouthMountainPacificTotalCorporate and otherTotal consolidated
Revenues:
Home sales450,387 375,642 655,818 613,241 556,683 2,651,771 705 2,652,476 
Land sales and other50 6,082 — — — 6,132 173 6,305 
450,437 381,724 655,818 613,241 556,683 2,657,903 878 2,658,781 
Cost of revenues:
Home sales338,143 291,994 497,543 474,736 415,675 2,018,091 (518)2,017,573 
Land sales and other2 12,487 1,800 1,700 — 15,989 — 15,989 
338,145 304,481 499,343 476,436 415,675 2,034,080 (518)2,033,562 
Selling, general and administrative29,052 31,144 65,646 43,473 35,569 204,884 61,184 266,068 
Income (loss) from operations83,240 46,099 90,829 93,332 105,439 418,939 (59,788)359,151 
Other:
(Loss) income from unconsolidated entities(163)72 2,143 62 (435)1,679 (4,766)(3,087)
Other income - net176 464 484 (245)321 1,200 17,523 18,723 
Income (loss) before income taxes83,253 46,635 93,456 93,149 105,325 421,818 (47,031)374,787 
For the three months ended July 31, 2025
NorthMid-AtlanticSouthMountainPacificTotalCorporate and otherTotal consolidated
Revenues:
Home sales438,698 400,718 757,881 730,250 553,067 2,880,614 361 2,880,975 
Land sales and other— 8,791 9,301 44,410 1,387 63,889 253 64,142 
438,698 409,509 767,182 774,660 554,454 2,944,503 614 2,945,117 
Cost of revenues:
Home sales321,177 303,035 559,015 547,405 412,386 2,143,018 (250)2,142,768 
Land sales and other8,701 9,117 42,292 848 60,958 — 60,958 
321,177 311,736 568,132 589,697 413,234 2,203,976 (250)2,203,726 
Selling, general and administrative25,995 26,791 59,698 47,300 35,126 194,910 58,762 253,672 
Income (loss) from operations91,526 70,982 139,352 137,663 106,094 545,617 (57,898)487,719 
Other:
Income (loss) from unconsolidated entities4,772 1 6,853 (34)(381)11,211 (12,223)(1,012)
Other income - net718 345 664 320 293 2,340 10,453 12,793 
Income (loss) before income taxes97,016 71,328 146,869 137,949 106,006 559,168 (59,668)499,500 
For the nine months ended July 31, 2026
NorthMid-AtlanticSouthMountainPacificTotalCorporate and otherTotal consolidated
Revenues:
Home sales1,117,339 1,027,113 1,786,803 1,654,200 1,434,673 7,020,128 (203)7,019,925 
Land sales and other10,185 8,330 4,834 8,076 — 31,425 284,288 315,713 
1,127,524 1,035,443 1,791,637 1,662,276 1,434,673 7,051,553 284,085 7,335,638 
Cost of revenues:
Home sales841,663 777,384 1,348,662 1,288,109 1,070,220 5,326,038 159 5,326,197 
Land sales and other10,072 17,371 (305)9,776 — 36,914 265,427 302,341 
851,735 794,755 1,348,357 1,297,885 1,070,220 5,362,952 265,586 5,628,538 
Selling, general and administrative85,462 88,337 185,871 128,050 102,880 590,600 191,657 782,257 
Income (loss) from operations190,327 152,351 257,409 236,341 261,573 1,098,001 (173,158)924,843 
Other:
Income (loss) from unconsolidated entities3,623 1,947 7,463 586 (808)12,811 2,826 15,637 
Other income - net1,108 5,924 1,497 (77)868 9,320 48,920 58,240 
Income (loss) before income taxes195,058 160,222 266,369 236,850 261,633 1,120,132 (121,412)998,720 
For the nine months ended July 31, 2025
NorthMid-AtlanticSouthMountainPacificTotalCorporate and otherTotal consolidated
Revenues:
Home sales1,071,899 958,715 2,022,789 2,042,828 1,332,415 7,428,646 (442)7,428,204 
Land sales and other17,156 32,475 10,777 44,410 1,493 106,311 8,810 115,121 
1,089,055 991,190 2,033,566 2,087,238 1,333,908 7,534,957 8,368 7,543,325 
Cost of revenues:
Home sales795,123 713,633 1,469,397 1,546,440 999,512 5,524,105 2,361 5,526,466 
Land sales and other17,156 33,246 8,050 42,529 946 101,927 8,558 110,485 
812,279 746,879 1,477,447 1,588,969 1,000,458 5,626,032 10,919 5,636,951 
Selling, general and administrative75,134 78,977 176,955 143,508 99,694 574,268 175,578 749,846 
Income (loss) from operations201,642 165,334 379,164 354,761 233,756 1,334,657 (178,129)1,156,528 
Other:
Income (loss) from unconsolidated entities4,906 (6)18,578 (322)(1,026)22,130 (20,396)1,734 
Other income - net829 2,657 2,385 2,178 1,092 9,141 30,982 40,123 
Income (loss) before income taxes207,377 167,985 400,127 356,617 233,822 1,365,928 (167,543)1,198,385 
Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):
July 31,
2026		October 31,
2025
North$1,702,481 $1,566,554 
Mid-Atlantic1,946,935 1,697,949 
South3,342,762 2,907,617 
Mountain2,992,280 2,948,416 
Pacific2,715,718 2,585,987 
Total home building12,700,176 11,706,523 
Corporate and other1,985,620 2,813,343 
Total consolidated$14,685,796 $14,519,866 
Schedule of Inventory Impairment by Segment
The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the three-month and nine-month periods ended July 31, 2026 and 2025, which are included in home sales cost of revenues, were as follows (amounts in thousands):
Three months ended July 31,Nine months ended July 31,
2026202520262025
North$288 $316 $816 $1,101 
Mid-Atlantic8,204 8,541 17,636 12,606 
South4,027 8,522 8,169 13,501 
Mountain1,647 495 11,057 15,290 
Pacific3,491 5,441 24,130 7,033 
Total consolidated$17,657 $23,315 $61,808 $49,531 
The amounts we have provided for land impairment charges included in land sales and other costs of revenues, for the three-month and nine-month periods ended July 31, 2026 and 2025, are shown in the table below (amounts in thousands):
Three months ended July 31,Nine months ended July 31,
2026202520262025
Mid-Atlantic$6,550 $— $9,642 $— 
South1,800 720 2,400 2,561 
Mountain1,700 — 1,700 — 
Total consolidated$10,050 $720 $13,742 $2,561