Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating Activities:
Net income	$ 40,082	$ 95,819
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation expense	0	1,038
Depreciation and amortization	6,347	7,873
Inventory impairments	0	5,900
Project abandonment costs	2,872	982
Amortization of discount of marketable debt securities	0	(1,045)
Deferred income tax benefit (expense)	(2,692)	1,186
Net changes in assets and liabilities:
Trade and other receivables	(82,151)	40,762
Mortgage loans held-for-sale, net	(63,926)	(25,575)
Prepaids and other assets	10,798	2,574
Accounts payable and accrued and other liabilities	(25,659)	2,872
Net cash provided by (used in) operating activities	(365,693)	177,508
Investing Activities:
Purchases of property and equipment	(4,975)	(3,033)
Net cash used in investing activities	(4,975)	(3,033)
Financing Activities:
Draws (payments) on mortgage repurchase facility, net	66,195	(6,296)
Dividend payments	0	(41,276)
Issuance of shares under stock-based compensation programs, net	0	(25,626)
Net cash provided by (used in) financing activities	66,195	(73,198)
Net increase (decrease) in cash, cash equivalents and restricted cash	(304,473)	101,277
Cash, cash equivalents and restricted cash:
Beginning of period	839,092	1,642,897
End of period	534,619	1,744,174
Reconciliation of cash, cash equivalents and restricted cash:
Total cash, cash equivalents and restricted cash	534,619	1,744,174
Homebuilding:
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Inventory impairments	0	5,900
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	297,317	1,565,475
Restricted cash	1,013	3,158
Financial Services:
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	236,289	175,541
Housing completed or under construction
Net changes in assets and liabilities:
Housing completed or under construction and land and land under development	(117,982)	(75,313)
Land and land under development
Net changes in assets and liabilities:
Housing completed or under construction and land and land under development	$ (133,382)	$ 120,435