CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
OPERATING ACTIVITIES
Net income	$ 48.1	$ 83.2
Adjustments:
Depreciation and amortization	1.8	1.4
Deferred income taxes	7.4	0.1
Equity in earnings of unconsolidated ventures	(0.6)	0.0
Stock-based compensation expense	4.3	2.7
Impairments and land option charges	2.0	0.4
Loss on extinguishment of debt	1.1	0.0
Other	0.0	0.3
Changes in operating assets and liabilities:
Increase in real estate	(495.2)	(316.1)
Increase in other assets	(16.8)	(2.1)
Decrease in accounts payable and other accrued liabilities	(40.0)	(12.1)
(Decrease) increase in accrued development costs	(21.7)	3.2
Increase in earnest money deposits on sales contracts	39.8	23.1
Net cash used in operating activities	(469.8)	(215.9)
INVESTING ACTIVITIES
Expenditures for property, equipment, software and other	(0.7)	(0.8)
Return of investment in unconsolidated ventures	0.9	0.0
Net cash provided by (used in) investing activities	0.2	(0.8)
FINANCING ACTIVITIES
Issuance of common stock	0.0	19.7
Additions to debt	745.0	0.0
Repayment of debt	(574.4)	0.0
Deferred financing fees	(6.3)	0.0
Cash paid for shares withheld for taxes	(1.6)	(2.8)
Net cash provided by financing activities	162.7	16.9
Decrease in cash and cash equivalents	(306.9)	(199.8)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	481.2	616.0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	174.3	416.2
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Note payable issued for real estate	$ 0.0	$ 9.9