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Segment information (Tables)
6 Months Ended
Jun. 30, 2024
Segment information [Abstract]  
Revenue, Net Income (Loss), Assets by Segments
The following tables summarize financial information by segment (in thousands):

   
Three months ended June 30,
   
Six months ended June 30,
 
   
2024
   
2023
    2024
    2023
 
Home closing revenue:
                       
Alabama
 
$
43,585
   
$
18,800
    $ 83,240     $ 42,867  
Atlanta
   
80,220
     
94,104
      142,840       170,278  
Charlotte
   
15,352
     
14,369
      28,816       26,871  
Houston
   
31,248
     
      55,278        
Nashville
   
21,707
     
28,019
      43,737       51,908  
Raleigh
   
28,821
     
26,230
      56,231       57,742  
Total
 
$
220,933
   
$
181,522
    $ 410,142     $ 349,666  

   
Three months ended June 30,
    Six months ended June 30,  
   
2024
   
2023
   
2024
    2023
 
Net income (loss):
                       
Alabama
 
$
5,559
   
$
1,435
    $ 10,163     $ 3,676  
Atlanta
   
18,012
     
23,379
      32,583       42,928  
Charlotte
   
2,380
     
2,380
      4,004       4,313  
Houston
   
3,446
     
      6,812        
Nashville
   
2,789
     
4,501
      5,102       7,732  
Raleigh
   
5,207
     
5,615
      10,017       12,846  
Segment total
   
37,393
     
37,310
      68,681       71,495  
Corporate (1)
   
(12,659
)
   
(6,569
)
    (23,461 )     (11,928 )
Total
 
$
24,734
   
$
30,741
    $ 45,220     $ 59,567  

(1)
Corporate primarily includes corporate overhead costs, such as payroll and benefits, business insurance, information technology, office costs, outside professional services and travel costs, and certain other amounts that are not allocated to the reportable segments.

   
June 30,
2024
   
December 31,
2023
 
Assets:
           
Alabama
 
$
54,090
   
$
61,433
 
Atlanta
   
126,601
     
86,647
 
Charlotte
   
40,645
     
32,302
 
Houston (1)
   
109,319
     
93,825
 
Nashville
   
23,135
     
24,818
 
Raleigh
   
40,398
     
28,897
 
Segment total
   
394,188
     
327,922
 
Corporate (2)
   
35,066
     
24,770
 
Total
 
$
429,254
   
$
352,692
 

(1)
Balance includes goodwill of approximately $25.7 million resulting from the acquisition of Devon Street Homes, L.P.
(2)
Corporate primarily includes cash and cash equivalents, property and equipment, and other assets that are not allocated to the segments.