Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
ASSETS
Accounts receivable due from Parent	$ 22,190	$ 22,190
Inventories:
Housing completed or under construction	2,234,389	2,116,229
Land and land under development	1,766,577	1,636,024
Total inventories	4,000,966	3,752,253
Total Assets	5,251,740	5,170,642
LIABILITIES AND EQUITY
Total Liabilities	2,261,917	2,220,901
Stockholders' Equity
Common stock, $0.01 par value; 150 shares authorized; 100 issued and outstanding at March 31, 2025 and December 31, 2024	0	0
Additional paid-in-capital	1,197,734	1,197,734
Retained earnings	1,792,089	1,752,007
Total Stockholders' Equity	2,989,823	2,949,741
Total Liabilities and Stockholders' Equity	5,251,740	5,170,642
Homebuilding:
ASSETS
Cash and cash equivalents	297,317	605,653
Restricted cash	1,013	1,222
Trade and other receivables	159,038	87,465
Inventories:
Housing completed or under construction	2,234,389	2,116,229
Land and land under development	1,766,577	1,636,024
Total inventories	4,000,966	3,752,253
Property and equipment, net	66,898	67,855
Deferred tax asset, net	24,340	21,648
Prepaids and other assets	111,830	121,505
Total Assets	4,683,592	4,679,791
LIABILITIES AND EQUITY
Accounts payable	134,189	121,152
Accrued and other liabilities	269,964	316,197
Revolving credit facility	0	0
Senior notes, net	1,484,488	1,484,267
Total Liabilities	1,888,641	1,921,616
Financial Services:
ASSETS
Cash and cash equivalents	236,289	232,217
Inventories:
Mortgage loans held-for-sale, net	300,732	236,806
Other assets	31,127	21,828
Total Assets	568,148	490,851
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	129,463	121,667
Mortgage repurchase facility	243,813	177,618
Total Liabilities	$ 373,276	$ 299,285