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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 256,665 $ 301,970
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 3,959 3,624
Loss on disposal of property and equipment, net 7 75
Share-based compensation expense 10,867 7,715
Equity in income of unconsolidated entities (1,406) (4,770)
Allowances for option deposits and pre-acquisition costs 2,254 185
Gain on Sale of Investments 0 (10,718)
Distributions of income from unconsolidated entities 6,279 2,664
Changes in operating assets and liabilities:    
Increase in receivables (26,405) (697)
Increase in inventory (161,454) (383,927)
(Increase) decrease in earnest money deposits (107) 2,750
Increase in other assets (4,328) (6,275)
Increase in accounts payable 31,524 13,026
Increase in accrued expenses 17,300 69,438
(Decrease) increase in customer and builder deposits (1,888) 1,918
Net cash provided by (used in) operating activities 133,267 (3,022)
Proceeds from Sale of Equity Method Investments 0 63,960
Cash flows from investing activities:    
Investments in unconsolidated entities (29,677) (25,838)
Purchase of property and equipment, net of disposals (3,224) (3,482)
Net cash (used in) provided by investing activities (32,901) 34,640
Cash flows from financing activities:    
Borrowings from lines of credit 182,180 26,000
Repayments of lines of credit (142,623) (26,000)
Repayments of Unsecured Debt (37,500) (37,500)
Repayments of notes payable 0 (12,981)
Payments of debt issuance costs (71) 0
Payments of withholding tax on vesting of restricted stock awards (3,059) (11,335)
Repurchases of common stock (60,736) (48,035)
Dividends paid (2,156) (2,156)
Distributions to redeemable noncontrolling interest (4,029) (2,637)
Distributions to noncontrolling interests (16,624) (11,785)
Net cash used in financing activities (84,618) (126,429)
Net increase (decrease) in cash and cash equivalents and restricted cash 15,748 (94,811)
Cash and cash equivalents and restricted cash, beginning of period 159,696 199,459
Cash and cash equivalents and restricted cash, end of period 175,444 104,648
Supplemental Cash Flow Information [Abstract]    
Income Taxes Paid, Net $ 40,073 $ 28,216