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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 30, 2025
Accounting Policies [Abstract] |
Schedule of Interests in Lot Option Agreements | The following table provides a summary of our interests in lot option agreements as of September 30, 2025 and 2024:
| As of September 30, 2025 |  | As of September 30, 2024 |  |
in thousands |  |  |  |  |
Deposits and non-refundable pre-acquisition costs incurred(a) | $ | 333,435 |  |  | $ | 227,770 |  |  |
Remaining purchase price if lot option agreements are exercised | $ | 1,610,171 |  |  | $ | 1,458,679 |  |  |
(a) Amount is included as a component of land under development within our owned inventory in the consolidated balance sheets.
Schedule of Estimated Useful Lives | Depreciation is generally computed on a straight-line basis based on estimated useful lives as follows:
Asset Class |  | Useful Lives
Buildings and improvements |  | 25 - 30 years
Information systems |  | Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures and computer and office equipment |  | 3 - 7 years
Model and sales office improvements |  | Lesser of estimated useful life of the asset or estimated life of the community
Leasehold improvements |  | Lesser of the lease term or the estimated useful life of the asset
The following table presents our property and equipment as of September 30, 2025 and 2024:
in thousands | September 30, 2025 |  | September 30, 2024
Model furnishings and sales office improvements | $ | 32,727 |  |  | $ | 32,179 |
Information systems | 39,483 |  |  | 30,140 |
Furniture, fixtures and office equipment | 17,274 |  |  | 15,447 |
Leasehold improvements | 4,192 |  |  | 3,226 |
Buildings and improvements | 1,382 |  |  | 1,382 |
Property and equipment, gross | 95,058 |  |  | 82,374 |
Less: Accumulated depreciation | (47,113) |  |  | (43,746) |
Property and equipment, net | $ | 47,945 |  |  | $ | 38,628 |
Schedule of Revenue Recognition | The following table presents our total revenue disaggregated by revenue stream for the periods presented:
| Fiscal Year Ended September 30, |  |
in thousands | 2025 |  | 2024 |  | 2023 |  |  |  |
Homebuilding revenue | $ | 2,302,630 |  |  | $ | 2,292,984 |  |  | $ | 2,198,400 |  |  |  |  |
Land sales and other revenue | 68,925 |  |  | 37,213 |  |  | 8,385 |  |  |  |  |
Total revenue(a) | $ | 2,371,555 |  |  | $ | 2,330,197 |  |  | $ | 2,206,785 |  |  |  |  |
(a) Please see Note 17 for total revenue disaggregated by reportable segment.

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