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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 622,642 $ 970,045
Receivables 165,716 111,613
Real estate inventories 3,301,302 3,153,459
Investments in unconsolidated entities 194,089 173,924
Mortgage loans held for sale 104,862 115,001
Goodwill and other intangible assets, net 156,603 156,603
Deferred tax assets, net 45,975 45,975
Other assets 206,653 164,495
Total assets 4,797,842 4,891,115
Liabilities    
Accounts payable 81,448 68,228
Accrued expenses and other liabilities 417,304 465,563
Loans payable 262,921 270,970
Senior notes, net 647,053 646,534
Mortgage repurchase facilities 99,022 104,098
Total liabilities 1,507,748 1,555,393
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0 0
Common stock, $0.01 par value, 500,000,000 shares authorized;    87,506,511 and 92,451,729 shares issued and outstanding at   June 30, 2025 and December 31, 2024, respectively 875 925
Additional paid-in capital 0 0
Retained earnings 3,289,086 3,334,785
Total stockholders’ equity 3,289,961 3,335,710
Noncontrolling interests 133 12
Total equity 3,290,094 3,335,722
Total liabilities and equity $ 4,797,842 $ 4,891,115