INVESTMENTS IN CONSOLIDATED AND UNCONSOLIDATED ENTITIES (Tables)

9 Months Ended

Sep. 30, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Summarized Financial Information of Unconsolidated Entities Accounted by Equity Method

Summarized, unaudited condensed combined financial information of unconsolidated entities that are accounted for by the equity method are as follows (in thousands):

	As of
	September 30, 2025		December 31, 2024
Assets:
Real estate inventory	$	1,537,731	$	1,396,887
Other assets	275,607		226,198
Total assets	$	1,813,338	$	1,623,085
Liabilities and owners’ equity:
Debt	$	687,818	$	576,753
Other liabilities	55,174		69,706
Total liabilities	$	742,992	$	646,459
Owners’ equity:
TMHC	$	487,857	$	439,721
Others	582,489		536,905
Total owners’ equity	$	1,070,346	$	976,626
Total liabilities and owners’ equity	$	1,813,338	$	1,623,085

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Revenue	$	84,698	$	65,075	$	297,264	$	228,227
Costs and expenses	(81,664)		(63,094)		(286,691)		(212,450)
Net income	$	3,034	$	1,981	$	10,573	$	15,777
TMHC’s share in net income of unconsolidated entities	$	1,253	$	707	$	3,554	$	6,086
Distributions to TMHC from unconsolidated entities	$	25,768	$	14,837	$	28,864	$	29,864