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Property, Plant, and Equipment
12 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure PROPERTY AND EQUIPMENT
The Company’s property and equipment balances and the related accumulated depreciation at September 30, 2025 and 2024 are summarized below.

 September 30,
 20252024
 (In millions)
Homebuilding
Buildings and improvements$524.4 $483.2 
Model home furniture189.8 171.2 
Office furniture and equipment135.5 111.1 
Land59.2 57.7 
Accumulated depreciation(365.9)(323.0)
 Total homebuilding543.0 500.2 
Rental, net0.6 1.1 
Forestar, net8.1 7.1 
Financial services, net4.3 4.0 
Other businesses and eliminations, net22.9 18.6 
 Property and equipment, net$578.9 $531.0 

Depreciation expense was $90.9 million, $78.5 million and $82.9 million in fiscal 2025, 2024 and 2023, respectively.