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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Components of Reportable Segments

For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:

Northeast:						Connecticut, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia
Southeast:						Georgia, North Carolina, South Carolina, Tennessee
Florida:						Florida
Midwest:						Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas:						Texas
West:						Arizona, California, Colorado, Nevada, New Mexico, Oregon, Utah, Washington

Operating Data By Reporting Segment

			Operating Data by Segment ($000’s omitted)
			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2024						2023						2024						2023
Revenues:
Northeast			$	257,250					$	229,371					$	457,701					$	450,020
Southeast			771,186						732,328						1,488,877						1,362,629
Florida			1,326,102						1,228,474						2,489,056						2,305,588
Midwest			651,932						474,460						1,186,868						868,329
Texas			589,196						613,838						1,124,596						1,100,231
West			892,327						818,063						1,597,698						1,527,441
			4,487,993						4,096,534						8,344,796						7,614,238
Financial Services			111,662						92,219						204,019						150,156
Consolidated revenues			$	4,599,655					$	4,188,753					$	8,548,815					$	7,764,394
Income (loss) before income taxes:
Northeast			$	60,444					$	51,165					$	100,343					$	97,962
Southeast			179,772						179,707						348,887						325,010
Florida			329,230						318,066						614,229						588,803
Midwest			123,366						78,381						218,128						137,285
Texas			108,830						126,054						203,480						206,119
West			133,857						100,423						223,340						200,000
Other homebuilding (a)			49,435						52,722						104,191						39,559
			984,934						906,518						1,812,598						1,594,738
Financial Services			63,378						46,495						104,357						60,397
Consolidated income before income taxes			$	1,048,312					$	953,013					$	1,916,955					$	1,655,135

(a)Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the other segments. Other homebuilding also includes insurance reserve reversals of $51.9 million and $78.7 million, respectively, for the three and six months ended June 30, 2024, and $64.9 million for the three months ended June 30, 2023, (see Note 8), and a gain of $37.7 million for the six months ended June 30, 2024 related to the sale of our minority interest in a joint venture.

			Operating Data by Segment ($000’s omitted)
			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2024						2023						2024						2023
Land-related charges (a):
Northeast			$	638					$	44					$	1,604					$	69
Southeast			1,566						668						2,556						3,027
Florida			576						79						917						2,092
Midwest			287						174						647						604
Texas			262						214						507						329
West			356						3,059						1,444						3,800
Other homebuilding			95						189						123						189
			$	3,780					$	4,427					$	7,798					$	10,110

(a)    Land-related charges include land impairments, net realizable value adjustments on land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.

Total Assets And Inventory By Reporting Segment

			Operating Data by Segment
			($000's omitted)
			June 30, 2024
			Homes Under Construction						Land Under Development						Raw Land						Consolidated Inventory Not Owned						Total Inventory						Total Assets
Northeast			$	357,450					$	324,364					$	4,175					$	—					$	685,989					$	811,191
Southeast			727,836						984,690						37,324						18,655						1,768,505						2,056,427
Florida (a)			1,417,836						1,417,310						80,454						23,907						2,939,507						3,543,688
Midwest			679,727						647,908						11,990						2,785						1,342,410						1,522,618
Texas			647,084						766,997						89,944						30,713						1,534,738						1,815,976
West			1,965,541						1,468,849						196,888						—						3,631,278						4,132,966
Other homebuilding (b)			32,870						359,767						7,237						—						399,874						1,754,715
			5,828,344						5,969,885						428,012						76,060						12,302,301						15,637,581
Financial Services			—						—						—						—						—						906,488
			$	5,828,344					$	5,969,885					$	428,012					$	76,060					$	12,302,301					$	16,544,069

			Operating Data by Segment
			($000's omitted)
			December 31, 2023
			Homes Under Construction						Land Under Development						Raw Land						Consolidated Inventory Not Owned						Total Inventory						Total Assets
Northeast			$	312,903					$	337,130					$	4,091					$	—					$	654,124					$	775,316
Southeast			786,698						826,240						80,451						27,963						1,721,352						1,994,492
Florida (a)			1,405,934						1,211,087						205,843						48,139						2,871,003						3,420,924
Midwest			621,144						685,139						14,265						3,472						1,324,020						1,476,166
Texas			634,574						721,032						101,394						40,948						1,497,948						1,686,609
West			1,473,617						1,688,498						190,082						—						3,352,197						3,752,089
Other homebuilding (b)			27,980						336,867						9,879						—						374,726						2,140,954
			5,262,850						5,805,993						606,005						120,522						11,795,370						15,246,550
Financial Services			—						—						—						—						—						840,500
			$	5,262,850					$	5,805,993					$	606,005					$	120,522					$	11,795,370					$	16,087,050

(a)Florida includes goodwill of $28.6 million, net of cumulative impairment charges of $20.2 million.

(b)Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments. Other homebuilding also includes goodwill of $40.4 million.

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