Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating Activities:
Net income (loss)	$ (8,754)	$ 76,553
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	10,165	10,772
Inventory impairments	4,500	0
Project abandonment costs	3,684	3,097
Gain on sale of property and equipment	(23)	(35)
Income from unconsolidated entities	(375)	(736)
Distribution from unconsolidated entities	0	1,090
Deferred income tax expense (benefit)	690	(4,991)
Net changes in assets and liabilities:
Trade and other receivables	(27,317)	(88,679)
Related party receivables	(1,329)	3,132
Mortgage loans held-for-sale, net	6,792	(29,719)
Inventories	76,788	(456,123)
Prepaids and other assets	8,318	11,438
Accounts payable and accrued and other liabilities	(11,254)	218
Net cash provided by (used in) operating activities	61,885	(473,983)
Investing Activities:
Distribution of capital from unconsolidated entities	2,377	385
Decrease in receivable from cash pooling arrangement with Parent	0	75,967
Proceeds from Sale of Other Productive Assets	23	389
Purchases of property and equipment	(11,469)	(8,828)
Net cash provided by (used in) investing activities	(9,069)	67,913
Financing Activities:
Draws (payments) on mortgage repurchase facilities, net	(8,996)	33,335
Advances (payments) on related party line of credit from cash pooling arrangement with Parent	(442,789)	40,990
Repayment of notes payable, net	(27)	0
Net cash provided by (used in) financing activities	(251,812)	74,325
Net decrease in cash, cash equivalents and restricted cash	(198,996)	(331,745)
Cash, cash equivalents and restricted cash:
Beginning of period	360,678	893,781
End of period	161,682	562,036
Reconciliation of cash, cash equivalents and restricted cash:
Total cash, cash equivalents and restricted cash	161,682	562,036
Homebuilding Line of Credit Facility
Financing Activities:
Draws on homebuilding line of credit, net	200,000	0
Homebuilding:
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Inventory impairments	4,500	0
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	57,014	298,134
Restricted cash	1	1,013
Financial Services:
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	104,139	262,147
Restricted cash	$ 528	$ 742