Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 130,075	$ 149,998
Cash held in escrow	44,717	3,004
Accounts receivable	70,454	50,318
Inventories	3,584,246	3,454,337
Mortgage loans held for sale	183,527	236,926
Prepaid expenses and other assets	525,345	419,384
Property and equipment, net	91,800	155,176
Deferred tax assets, net	22,702	22,220
Goodwill	41,109	41,109
Total assets	4,693,975	4,532,472
Liabilities:
Accounts payable	168,989	133,086
Accrued expenses and other liabilities	283,990	302,317
Notes payable	1,147,370	1,107,909
Revolving line of credit	339,000	135,500
Mortgage repurchase facilities	176,604	232,804
Total liabilities	2,115,953	1,911,616
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 29,383,819 and 30,961,227 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	294	310
Additional paid-in capital	399,491	526,959
Retained earnings	2,178,237	2,093,587
Total stockholders' equity	2,578,022	2,620,856
Total liabilities and stockholders' equity	$ 4,693,975	$ 4,532,472