Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
ASSETS
Inventories	$ 7,095,187	$ 7,179,927
Total Assets	8,247,857	8,561,946
LIABILITIES AND EQUITY
Total Liabilities	2,714,018	3,019,353
Stockholder's Equity
Common stock, $0.01 par value; 150 shares authorized; 100 issued and outstanding at March 31, 2026 and December 31, 2025	0	0
Additional paid-in-capital	3,683,807	3,683,807
Retained earnings	1,850,032	1,858,786
Total Stockholder's Equity	5,533,839	5,542,593
Total Liabilities and Stockholder's Equity	8,247,857	8,561,946
Related Party
LIABILITIES AND EQUITY
Accounts payable	1,500	2,200
Homebuilding:
ASSETS
Cash and cash equivalents	57,014	266,486
Restricted Cash	1	1
Trade and other receivables	105,909	78,592
Related party receivables	3,548	47,219
Inventories	7,095,187	7,179,927
Property and equipment, net	99,675	96,089
Deferred tax asset, net	85,929	86,619
Prepaids and other assets	194,963	207,261
Investment in unconsolidated entities	21,679	23,681
Goodwill and intangible assets, net	235,114	236,614
Total Assets	7,899,019	8,222,489
LIABILITIES AND EQUITY
Accounts payable	198,216	176,674
Accrued and other liabilities	526,120	562,284
Senior notes, net	1,485,397	1,485,166
Total Liabilities	2,414,141	2,717,054
Homebuilding: | Nonrelated Party
LIABILITIES AND EQUITY
Revolving credit facility	200,000	0
Notes payable, net	2,950	2,953
Homebuilding: | Related Party
LIABILITIES AND EQUITY
Revolving credit facility	0	487,789
Notes payable, net	1,458	2,188
Financial Services:
ASSETS
Cash and cash equivalents	104,139	93,645
Restricted Cash	528	546
Mortgage loans held-for-sale, net	209,315	216,107
Other assets	34,856	29,159
Total Assets	348,838	339,457
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	131,652	125,078
Mortgage repurchase facility	168,225	177,221
Total Liabilities	$ 299,877	$ 302,299