Segment information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Financial Information By Segment

The following tables summarize financial information by segment (in thousands):

Three months ended June 30, 2026	Southeast		Central		Total
Home closing revenue	$	168,995	$	104,031	$	273,026
Cost of home closings	138,547		86,558		225,105
Home closing gross profit	30,448		17,473		47,921
Less:(1)
Selling, general, and administrative expenses(2)	15,912		10,983		26,895
Other segment items(3)	3,962		624		4,586
Segment profit	10,574		5,866		16,440
Corporate selling, general, and administrative costs(4)					15,019
Other corporate items(5)					(447)
Income before income taxes					$	1,868

Three months ended June 30, 2025	Southeast		Central		Total
Home closing revenue	$	141,267	$	82,657	$	223,924
Cost of home closings	104,963		67,022		171,985
Home closing gross profit	36,304		15,635		51,939
Less:(1)
Selling, general, and administrative expenses(2)	14,220		9,149		23,369
Other segment items(3)	93		141		234
Segment profit	21,991		6,345		28,336
Corporate selling, general, and administrative costs(4)					11,333
Other corporate items(5)					(176)
Income before income taxes					$	17,179

Six Months Ended June 30, 2026	Southeast		Central		Total
Home closing revenue	$	290,073	$	189,397	$	479,470
Cost of home closings	233,816		157,282		391,098
Home closing gross profit	56,257		32,115		88,372
Less:(1)
Selling, general, and administrative expenses(2)	29,116		20,043		49,159
Other segment items(3)	4,087		771		4,858
Segment profit	23,054		11,301		34,355
Corporate selling, general, and administrative costs(4)					28,667
Other corporate items(5)					(495)
Income before income taxes					$	6,183

Six Months Ended June 30, 2025	Southeast		Central		Total
Home closing revenue	$	279,485	$	169,161	$	448,646
Cost of home closings	206,107		137,070		343,177
Home closing gross profit	73,378		32,091		105,469
Less:(1)
Selling, general, and administrative expenses(2)	27,406		17,753		45,159
Other segment items(3)	126		983		1,109
Segment profit	45,846		13,355		59,201
Corporate selling, general, and administrative costs(4)					22,542
Other corporate items(5)					(87)
Income before income taxes					$	36,746

(1)The significant segment expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2) Selling, general, and administrative expenses consists of internal and external commissions, marketing expense, sales expense, indirect and warranty overhead, marketing department overhead, sales department overhead, general and administrative overhead, and depreciation and amortization expense.

(3)Other segment items includes interest expense, interest income, gain (loss) on sale of assets, and miscellaneous income.

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

(5)Other corporate items includes equity in income from unconsolidated entities, interest expense, interest income, gain (loss) on sale of assets, and miscellaneous income that are not allocated to the reportable segments.

	June 30, 2026		December 31, 2025
Assets:
Southeast	$	310,750	$	281,895
Central (1)	245,132		240,901
Segment total	555,882		522,796
Corporate (2)	36,220		34,797
Total	$	592,102	$	557,593

(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.