Homesites Under Option Contracts - Summary of Change in Homesite Under Option Contracts from Spin-off (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Disaggregation of Revenue [Line Items]
Total homesites under option contracts	$ 8,872,695
Earnest deposits	4,000
Homesites
Disaggregation of Revenue [Line Items]
Investments in homesites under option contracts	5,599,376	[1]
Takedowns of homesites under option contracts	(3,381,110)
Total homesites under option contracts	8,872,695
Homesites | Rausch
Disaggregation of Revenue [Line Items]
Land acquired from Rausch	1,158,303	[2]
Homesites | Lennar
Disaggregation of Revenue [Line Items]
Homesite Inventory Contributed	$ 5,496,126	[3]

[1] Includes land acquired of $3.914 billion and development costs of $1.686 billion. Land acquired includes $522.8 million of land assets acquired in the New Home transaction and $33 million of land acquired under purchase money mortgages. See Note 8. Debt Obligations for a description of the purchase money mortgage obligations.

[2] Includes land acquired of $1.049 billion plus deferred tax liability adjustment of $116.7 million, less earnest deposits of $7.6 million.

[3] Includes land contributed of $5.556 billion, less deferred tax asset adjustment of $59.8 million.