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Land Under Development | 12 Months Ended
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Dec. 31, 2024
Real Estate [Abstract] |
Land Under Development | Land Under Development On a limited basis, we directly acquire raw land parcels already zoned for its intended use to develop into finished lots. Land under development includes the land acquisition costs, direct improvement costs, capitalized interest, where applicable, and real estate taxes. During the first quarter of 2024, we purchased a raw land parcel for approximately $20,000, which is expected to produce approximately 850 lots. As of December 31, 2024, we owned land with a carrying value of $65,394 that we expect to be developed into approximately 2,600 finished lots primarily for use in our homebuilding operations. None of our land under development projects had any indicators of impairment as of December 31, 2024. As of December 31, 2023, we directly owned land with a carrying value of $36,895, which was expected to produce approximately 1,750 finished lots.

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- Definition The entire disclosure for land under development. + References No definition available. + Details
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