CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 370,591,000	$ 487,151,000
Restricted cash	326,000	15,000
Total cash	370,917,000	487,166,000
Real estate inventory:
Owned inventory	6,308,889,000	6,162,889,000
Consolidated real estate not owned	94,195,000	71,195,000
Total real estate inventory	6,403,084,000	6,234,084,000
Land deposits	360,633,000	299,668,000
Mortgage loans held for sale	198,548,000	207,936,000
Lease right of use assets	62,671,000	68,057,000
Prepaid expenses and other assets, net	455,017,000	370,642,000
Other receivables, net	265,970,000	217,703,000
Investments in unconsolidated entities	487,857,000	439,721,000
Deferred tax assets, net	76,248,000	76,248,000
Property and equipment, net	283,418,000	232,709,000
Goodwill	663,197,000	663,197,000
Total assets	9,627,560,000	9,297,131,000
Liabilities
Accounts payable	285,207,000	270,266,000
Accrued expenses and other liabilities	619,036,000	632,250,000
Lease liabilities	73,048,000	78,998,000
Income taxes payable	0	2,243,000
Customer deposits	163,433,000	239,151,000
Estimated development liabilities	4,365,000	4,365,000
Senior notes, net	1,471,772,000	1,470,454,000
Loans payable and other borrowings	568,813,000	475,569,000
Revolving credit facility borrowings	0	0
Mortgage warehouse facilities borrowings	150,176,000	174,460,000
Liabilities attributable to consolidated real estate not owned	94,195,000	71,195,000
Total liabilities	3,430,045,000	3,418,951,000
COMMITMENTS AND CONTINGENCIES (Note 13)
Stockholders’ equity
Total stockholders’ equity	6,197,515,000	5,878,180,000
Total liabilities and stockholders’ equity	$ 9,627,560,000	$ 9,297,131,000