Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 377,815,000	$ 487,151,000
Restricted cash	288,000	15,000
Total cash	378,103,000	487,166,000
Real estate inventory:
Owned inventory	6,225,039,000	6,162,889,000
Consolidated real estate not owned	126,395,000	71,195,000
Total real estate inventory	6,351,434,000	6,234,084,000
Land deposits	302,583,000	299,668,000
Mortgage loans held for sale	225,100,000	207,936,000
Lease right of use assets	64,960,000	68,057,000
Prepaid expenses and other assets, net	387,787,000	370,642,000
Other receivables, net	212,196,000	217,703,000
Investments in unconsolidated entities	475,192,000	439,721,000
Deferred tax assets, net	76,248,000	76,248,000
Property and equipment, net	247,328,000	232,709,000
Goodwill	663,197,000	663,197,000
Total assets	9,384,128,000	9,297,131,000
Liabilities
Accounts payable	276,526,000	270,266,000
Accrued expenses and other liabilities	550,897,000	632,250,000
Lease liabilities	75,047,000	78,998,000
Income taxes payable	67,057,000	2,243,000
Customer deposits	242,718,000	239,151,000
Estimated development liabilities	4,365,000	4,365,000
Senior notes, net	1,470,893,000	1,470,454,000
Loans payable and other borrowings	436,965,000	475,569,000
Revolving credit facility borrowings	0	0
Mortgage warehouse facilities borrowings	175,741,000	174,460,000
Liabilities attributable to consolidated real estate not owned	126,395,000	71,195,000
Total liabilities	3,426,604,000	3,418,951,000
COMMITMENTS AND CONTINGENCIES (Note 13)
Stockholders’ equity
Total stockholders’ equity	5,957,524,000	5,878,180,000
Total liabilities and stockholders’ equity	$ 9,384,128,000	$ 9,297,131,000