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Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information
Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Financial information related to the Company’s reportable segments is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Revenues: (1)
Builder operations
Central$389,697 $293,640 $1,094,212 $960,258 
Southeast133,162 122,758 419,179 360,947 
Total builder operations522,859 416,398 1,513,391 1,321,205 
Land development801 2,580 18,238 6,123 
Total revenues$523,660 $418,978 $1,531,629 $1,327,328 
Gross profit:
Builder operations
Central$134,759 $108,699 $386,959 $318,982 
Southeast47,749 40,931 153,271 120,128 
Total builder operations182,508 149,630 540,230 439,110 
Land development447 737 1,527 2,283 
Corporate, other and unallocated (2)
(11,392)(11,354)(32,271)(34,839)
Total gross profit$171,563 $139,013 $509,486 $406,554 
Income before income taxes:
Builder operations
Central$95,223 $76,967 $275,547 $219,784 
Southeast33,601 27,204 109,812 81,969 
Total builder operations128,824 104,171 385,359 301,753 
Land development361 1,148 2,376 3,063 
Corporate, other and unallocated (3)
(10,209)(7,233)(13,949)(15,346)
Income before income taxes$118,976 $98,086 $373,786 $289,470 
September 30, 2024December 31, 2023
Inventory:
Builder operations
Central$743,588 $645,987 
Southeast348,393 314,087 
Total builder operations1,091,981 960,074 
Land development777,154 529,711 
Corporate, other and unallocated (4)
48,911 43,438 
Total inventory$1,918,046 $1,533,223 
Goodwill:
Builder operations - Southeast$680 $680 
(1)The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings. No land or lot closings revenue was recognized for the three months ended September 30, 2024. For the nine months ended September 30, 2024, land and lot closings revenue was $0.1 million, while $0.5 million was recognized for the three and nine months ended September 30, 2023.
(2)Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments.
(3)Corporate, other and unallocated income (loss) before income taxes includes results from Green Brick Title, LLC, Ventana Insurance, LLC, GRBK Mortgage, LLC, and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments.
(4)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to homes under construction and land under development.