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v3.25.3

Fair Value Measurements Financial Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024
Carrying (Reported) Amount, Fair Value Disclosure [Member] |  |  |  |
ASSETS: |  |  |  |
Servicing Asset | $ 8,300 | $ 8,300 |  | $ 9,900
Cash, cash equivalents and restricted cash | 734,174 | 734,174 |  | 821,570
Mortgage loans held for sale | 239,585 | 239,585 |  | 283,540
Commitments to extend real estate loans (assets) | 5,383 | 5,383 |  | 532
Forward sales of mortgage-backed securities | 0 | 0 |  | 2,946
LIABILITIES: |  |  |  |
Notes payable - homebuilding operations | 0 | 0 |  | 0
Notes payable - financial services operations | 231,979 | 231,979 |  | 286,159
Senior Notes due 2028 (a) | 400,000 | 400,000 |  | 400,000
Senior Notes due 2030 (a) | 300,000 | 300,000 |  | 300,000
Whole Loan contracts for committed IRLCs and mortgage loans held for sale | 770 | 770 |  | 864
Forward sales of mortgage-backed securities | 4,146 | 4,146 |  | 0
Estimate of Fair Value, Fair Value Disclosure [Member] |  |  |  |
ASSETS: |  |  |  |
Servicing Asset | 8,300 | 8,300 |  |
Cash, cash equivalents and restricted cash | 734,174 | 734,174 |  | 821,570
Mortgage loans held for sale | 239,585 | 239,585 |  | 283,540
Commitments to extend real estate loans (assets) | 5,383 | 5,383 |  | 532
Forward sales of mortgage-backed securities | 0 | 0 |  | 2,946
LIABILITIES: |  |  |  |
Notes payable - homebuilding operations | 0 | 0 |  | 0
Notes payable - financial services operations | 231,979 | 231,979 |  | 286,159
Senior Notes due 2028 (a) | 397,500 | 397,500 |  | 383,500
Senior Notes due 2030 (a) | 286,125 | 286,125 |  | 267,375
Whole Loan contracts for committed IRLCs and mortgage loans held for sale | 770 | 770 |  | 864
Forward sales of mortgage-backed securities | 4,146 | 4,146 |  | $ 0
Production Related Impairments or Charges | $ 7,583 | 7,583 | $ 0 |
Total valuation adjustments and write-offs |  | 1,600 |  |
inventory impairment |  | $ 6,000 |  |

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Fair value portion of contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E + Details
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