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Acquisition of Devon Street Homes, L.P. (Details)
$ in Thousands
3 Months Ended
Jul. 31, 2023
USD ($)
Payment
Dec. 31, 2023
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2024
USD ($)
Business Combination, Consideration Transferred [Abstract]        
Contingent consideration   $ 3,282   $ 3,346
Allocation of the Preliminary Purchase Price as of the Acquisition [Abstract]        
Goodwill   25,726   25,726
Devon Street Homes, L.P. [Member]        
Acquisition [Abstract]        
Credit facility term 3 years      
Debt principal amount $ 5,000      
Number of earnout payments | Payment 2      
Transaction expenses related to acquisition   800    
Business Combination, Consideration Transferred [Abstract]        
Cash consideration [1] $ 75,865      
Seller note payable 5,000      
Contingent consideration [2] 3,000      
Total estimated consideration to be paid 83,865      
Cash consideration was funded by cash on hand 3,900      
Cash consideration on credit facility 72,000      
Payout grid minimum amount 0      
Payout grid maximum amount 5,000      
Allocation of the Preliminary Purchase Price as of the Acquisition [Abstract]        
Real estate inventory 51,723      
Deposits on real estate under option or contracts 7,438      
Property and equipment, net 69      
Goodwill 25,726     $ 25,700
Other assets 324      
Accounts payable (857)      
Customer deposits (181)      
Accrued expenses and other liabilities (377)      
Fair value of consideration transferred $ 83,865      
Increase in goodwill   $ 9,300    
Pro Forma Financial Information [Abstract]        
Home closing revenue     $ 183,443  
Net income     $ 29,477  
Devon Street Homes, L.P. [Member] | Maximum [Member]        
Business Combination, Consideration Transferred [Abstract]        
Acquisition measurement period 1 year      
[1] The cash consideration was funded by $3.9 million of cash on hand and $72.0 million of draws on the Company’s Credit Facility.
[2] The contingent consideration represents management’s estimate of the fair value of the future payment to be made to the former owner of Devon Street under the terms of the Gross Margin Earnout feature included in the executed Asset Purchase Agreement for the Devon Street acquisition. Per the terms of the Gross Margin Earnout feature, the seller is entitled to receive a one‑time payment in the first quarter of 2025 based on the newly established Houston division’s gross margin (as defined) for the year ending December 31, 2024. The payout will be determined in accordance with the Gross Margin Calculation Payout Grid and ranges from a minimum of zero to a maximum of $5.0 million.