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Basis of Presentation and Significant Accounting Policies - Summary of Change in Inventories from Spin-Off (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Inventory [Line Items]    
Total inventories $ 6,998,924 $ 5,465,290
Homesite inventory and other related assets    
Inventory [Line Items]    
Land acquired from Rausch 445,600  
Investments in homesite inventory and other related paydowns 1,022,703  
Homesite inventory takedowns and other related paydowns (680,825)  
Interest receivable paid-in-kind 2,617  
Total inventories 6,998,924  
Homesite inventory and other related assets | Rausch    
Inventory [Line Items]    
Land acquired from Rausch 1,158,303  
Homesite inventory and other related assets | Lennar    
Inventory [Line Items]    
Homesite inventory contributed by Lennar in Spin-Off $ 5,496,126