XML 62 R43.htm IDEA: XBRL DOCUMENT v3.25.4
Spin-Off and Other Significant Business Transactions - Additional Information (Details)
12 Months Ended
Oct. 10, 2025
Jun. 25, 2025
USD ($)
Property
May 12, 2025
USD ($)
Feb. 10, 2025
USD ($)
Property
Feb. 07, 2025
USD ($)
Property
$ / shares
shares
Dec. 31, 2025
USD ($)
Property
$ / shares
shares
Nov. 26, 2025
shares
Sep. 11, 2025
USD ($)
Aug. 07, 2025
USD ($)
Business Combination [Line Items]                  
Number of homesites | Property           933      
Cash contribution           $ 415,152,000      
Common stock par value per share | $ / shares           $ 0.01      
Deferred tax liabilities           $ 77,333,000      
Deferred tax asset           109,282,000      
Earnest Money Deposits           4,000,000      
Development guarantee holdbacks           100,000,000      
Land banking proceeds to acquire amount           $ 858,938,000      
Rausch Land Assets                  
Business Combination [Line Items]                  
Number of homesites | Property       25,000          
Deferred tax liabilities       $ 116,700,000          
Earnest Money Deposits       7,600,000          
Cash payment received from acquisition       858,900,000          
Option deposits       90,300,000          
Development guarantee holdbacks       $ 100,000,000          
Landsea Homes | Agreement with New Home Company                  
Business Combination [Line Items]                  
Number of homesites | Property   4,186              
Land banking proceeds to acquire amount   $ 494,500,000              
Acquisition in land assets   522,800,000              
Option contract to acquire business   $ 28,300,000              
Landsea Homes | Maximum | Agreement with New Home Company                  
Business Combination [Line Items]                  
Land banking proceeds to acquire amount     $ 700,000,000            
Rausch Coleman Companies, LLC                  
Business Combination [Line Items]                  
Percentage of interest acquired       100.00%          
Acquisition in land assets       $ 1,158,000,000          
Rausch Coleman Companies, LLC | Rausch Land Assets                  
Business Combination [Line Items]                  
Cash payment received from acquisition       $ 859,000,000          
Class A Common Stock                  
Business Combination [Line Items]                  
Common stock par value per share | $ / shares           $ 0.01      
Class B Common Stock                  
Business Combination [Line Items]                  
Common stock par value per share | $ / shares           $ 0.01      
Lennar Class A Common Stock                  
Business Combination [Line Items]                  
Percentage of common shares outstanding 20.00%                
Shares owned | shares             8,049,594    
Millrose Class A Common Stock                  
Business Combination [Line Items]                  
Shares owned | shares             33,298,754    
2030 Notes | Agreement with New Home Company                  
Business Combination [Line Items]                  
Aggregate principal amount                 $ 1,250,000,000
Principal amount stated percentage                 6.375%
2032 Notes | Agreement with New Home Company                  
Business Combination [Line Items]                  
Aggregate principal amount               $ 750,000,000  
Principal amount stated percentage               6.25%  
Revolving Credit Facility                  
Business Combination [Line Items]                  
Commitment amount         $ 1,335,000,000 $ 1,335,000,000      
Maturity date           Feb. 07, 2028      
Lennar Corporation                  
Business Combination [Line Items]                  
Percentage of ownership interest after disposal         20.00%        
Spin-Off                  
Business Combination [Line Items]                  
Stockholders equity for contributions         $ 5,200,000,000        
Spin-Off | Lennar Corporation                  
Business Combination [Line Items]                  
Percentage of ownership interest sold         80.00%        
Land assets         $ 5,500,000,000        
Number of homesites | Property         87,000        
Cash         $ 1,000,000,000        
Cash deposits         585,000,000        
Cash contribution         415,000,000        
Common stock issued, Spin-Off         1,300,000        
Liabilities for seller notes         19,000,000        
Liabilities for prepaid due diligence costs         77,900,000        
Deferred tax asset         59,800,000        
Stockholders equity for contributions         5,900,000,000        
Spin-Off related costs         $ 77,900,000        
Spin-Off | Lennar Corporation | Class A Common Stock                  
Business Combination [Line Items]                  
Distribution of common stock | shares         120,983,633 120,983,633      
Common stock par value per share | $ / shares         $ 0.01        
Common stock issued, Spin-Off         $ 300,000        
Retained shares | shares         33,200,053 33,200,053      
Spin-Off | Lennar Corporation | Class B Common Stock                  
Business Combination [Line Items]                  
Distribution of common stock | shares         11,819,811 11,819,811      
Common stock par value per share | $ / shares         $ 0.01        
Spin-Off | Lennar Corporation | Revolving Credit Facility                  
Business Combination [Line Items]                  
Commitment amount         $ 1,335,000,000        
Maturity date         Feb. 07, 2028