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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Operating Data by Segment For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:Maryland, Massachusetts, New Jersey, Pennsylvania, Rhode Island, 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 Segment
($000’s omitted)
 Three Months EndedNine Months Ended
September 30,September 30,
 2025202420252024
Revenues:
Northeast$303,181 $265,395 $900,352 $722,952 
Southeast770,295 666,019 2,156,041 2,153,828 
Florida1,098,712 1,167,456 3,116,603 3,606,409 
Midwest719,327 660,096 1,993,116 1,843,384 
Texas409,160 567,871 1,287,491 1,675,586 
West946,662 1,016,977 2,815,217 2,611,911 
Other homebuilding (a)
54,207 18,697 137,144 93,238 
4,301,544 4,362,511 12,405,964 12,707,308 
Financial Services103,255 113,831 295,241 317,848 
Consolidated revenues$4,404,799 $4,476,342 $12,701,205 $13,025,156 
Cost of revenues
Northeast$(211,608)$(179,062)$(605,945)$(490,057)
Southeast(534,351)(450,638)(1,488,573)(1,448,215)
Florida(775,440)(785,715)(2,189,091)(2,395,866)
Midwest(506,999)(468,719)(1,413,295)(1,322,233)
Texas(311,384)(406,174)(963,097)(1,186,108)
West(759,282)(780,053)(2,232,067)(1,998,061)
Other homebuilding (b)
(82,546)(46,193)(205,548)(158,499)
$(3,181,610)$(3,116,554)$(9,097,616)$(8,999,039)
Selling, general, and administrative expenses:
Northeast$(24,901)$(23,745)$(75,189)$(68,586)
Southeast(75,418)(70,912)(216,580)(211,919)
Florida(100,587)(107,010)(299,681)(316,696)
Midwest(61,387)(57,639)(181,760)(170,622)
Texas(54,898)(67,029)(168,900)(193,355)
West(85,333)(84,801)(252,769)(239,887)
Other homebuilding (c)
1,843 4,239 10,407 75,428 
$(400,681)$(406,897)$(1,184,472)$(1,125,637)
Operating Data by Segment
($000’s omitted)
 Three Months EndedNine Months Ended
September 30,September 30,
 2025202420252024
Other segment items (d):
Northeast$(1,141)$(7,529)$(3,880)$(11,818)
Southeast(7,422)(3,217)(20,349)(11,011)
Florida(7,105)(6,750)(19,108)(14,203)
Midwest(3,035)(2,573)(6,403)(6,613)
Texas(4,659)(3,450)(12,340)(8,134)
West(9,329)(8,571)(23,592)(22,772)
Other homebuilding (e)
36,868 44,300 94,865 155,787 
4,177 12,210 9,193 81,236 
Financial Services(58,897)(58,905)(172,228)(158,565)
$(54,720)$(46,695)$(163,035)$(77,329)
Income before income taxes (f):
Northeast$65,531 $55,059 $215,338 $152,491 
Southeast153,104 141,252 430,539 482,683 
Florida215,580 267,981 608,723 879,644 
Midwest147,906 131,165 391,658 343,916 
Texas38,219 91,218 143,154 287,989 
West92,718 143,552 306,789 351,191 
Other homebuilding10,372 21,043 36,868 165,954 
723,430 851,270 2,133,069 2,663,868 
Financial Services44,358 54,926 123,013 159,283 
Consolidated income before income taxes$767,788 $906,196 $2,256,082 $2,823,151 

(a)Other homebuilding includes revenues from land sales and construction services.
(b)Other homebuilding includes cost of revenues related to land sales, construction services, and amortization of capitalized interest.
(c)Other homebuilding includes insurance reserve reversals of $78.7 million for the nine months ended September 30, 2024, (see Note 8). Other homebuilding also includes eliminations of corporate overhead allocated to the operating segments.
(d)Other Segment Items reflects other sources of income and expense, including internal capital charge allocations that are eliminated within Other homebuilding.
(e)Other homebuilding includes income from unconsolidated entities, interest, the amortization of intangible assets, and other items not allocated to the operating segments. Other homebuilding also includes a gain of $37.7 million for the nine months ended September 30, 2024 related to the sale of our minority interest in a joint venture.
(f)Includes certain land-related charges (see the following table and Note 2).
Operating Data by Segment
($000’s omitted)
Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
Depreciation and amortization
Northeast$770 $691 $2,488 $2,133 
Southeast3,059 1,740 7,726 4,957 
Florida4,797 3,882 14,285 11,249 
Midwest2,348 2,077 6,741 6,123 
Texas2,099 1,821 6,013 5,154 
West4,811 3,776 13,568 11,182 
Other homebuilding5,490 5,847 17,143 17,562 
23,374 19,834 67,964 58,360 
Financial Services2,460 2,250 7,585 6,615 
$25,834 $22,084 $75,549 $64,975 
 Operating Data by Segment
($000's omitted)
September 30, 2025December 31, 2024
 Total
Inventory		Total
Assets		Total
Inventory		Total
Assets
Northeast$707,592 $801,006 $716,530 $807,922 
Southeast2,294,018 2,676,209 2,006,958 2,298,692 
Florida3,283,182 3,735,940 3,246,588 3,676,910 
Midwest1,458,892 1,600,987 1,401,747 1,529,602 
Texas1,651,183 1,905,180 1,645,213 1,905,394 
West3,860,048 4,364,332 3,684,393 4,212,636 
Other homebuilding (a)
97,062 1,996,124 (8,609)1,934,728 
13,351,977 17,079,778 12,692,820 16,365,884 
Financial Services— 771,201 — 997,879 
$13,351,977 $17,850,979 $12,692,820 $17,363,763 
 
(a)Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, other corporate items that are not allocated to the operating segments, and eliminations of certain inventory not owned allocated to the operating segments. Other homebuilding also includes goodwill of $68.9 million, net of cumulative impairment charges of $20.2 million, at both September 30, 2025 and December 31, 2024.
Land-Related Charges By Reporting Segment
(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.