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Information on Segments
 9 Months Ended
Jul. 31, 2025
Segment Reporting [Abstract]  
Information on Segments Information on Segments
We operate in the following five geographic segments, with operations generally located in the states listed below:
•The North region: Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Jersey, New York and Pennsylvania;
•The Mid-Atlantic region: Georgia, Maryland, North Carolina, Tennessee and Virginia;
•The South region: Florida, South Carolina and Texas;
•The Mountain region: Arizona, Colorado, Idaho, Nevada and Utah;
•The Pacific region: California, Oregon and Washington.
Our geographic reporting segments are consistent with how our chief operating decision makers are assessing operating performance and allocating capital.
Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands):
 Three months ended July 31,Nine months ended July 31,
 2025202420252024
Revenues:
North$438,698 $375,119 $1,071,899 $982,991 
Mid-Atlantic400,718 335,721 958,715 975,985 
South757,881 776,262 2,022,789 1,967,522 
Mountain730,250 670,027 2,042,828 1,726,976 
Pacific553,067 566,336 1,332,415 1,650,015 
Total home building2,880,614 2,723,465 7,428,646 7,303,489 
Corporate and other361 1,007 (442)(161)
2,880,975 2,724,472 7,428,204 7,303,328 
Land sales and other revenues (1)
64,142 3,472 115,121 209,950 
Total consolidated$2,945,117 $2,727,944 $7,543,325 $7,513,278 
Income (loss) before income taxes:
North$97,016 $64,615 $207,377 $149,058 
Mid-Atlantic71,328 73,470 167,985 377,513 
South146,869 161,177 400,127 386,072 
Mountain137,949 113,785 356,617 275,899 
Pacific106,006 145,911 233,822 420,445 
Total home building559,168 558,958 1,365,928 1,608,987 
Corporate and other(59,668)(55,331)(167,543)(144,420)
Total consolidated$499,500 $503,627 $1,198,385 $1,464,567 
(1)    Included in the nine months ended July 31, 2024 is a $185.0 million land sale related to our Mid-Atlantic segment, as further discussed in Note 1, “Significant Accounting Policies”.
“Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including our apartment rental development business and our high-rise urban luxury condominium operations, and income from our Rental Property Joint Ventures and Other Joint Ventures.
Land sales and other revenues for each of our segments, for the periods indicated, were as follows (amounts in thousands):
Three months ended July 31,Nine months ended July 31,
2025202420252024
North$— $— $17,156 $140 
Mid-Atlantic8,791 1,245 32,475 194,217 
South9,301 1,027 10,777 7,412 
Mountain44,410 — 44,410 4,577 
Pacific1,387 — 1,493 — 
Total home building63,889 2,272 106,311 206,346 
Corporate and other253 1,200 8,810 3,604 
Total consolidated$64,142 $3,472 $115,121 $209,950 
“Corporate and other” is comprised principally of activities from our apartment rental development business.
Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands):
July 31,
2025		October 31,
2024
North$1,576,499 $1,425,738 
Mid-Atlantic1,669,253 1,444,951 
South2,907,732 2,514,446 
Mountain3,198,153 2,950,806 
Pacific2,765,017 2,266,829 
Total home building12,116,654 10,602,770 
Corporate and other2,280,167 2,765,162 
Total consolidated$14,396,821 $13,367,932 
“Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, manufacturing facilities, our apartment rental development and high-rise urban luxury condominium operations, and our mortgage and title subsidiaries.
The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, which are included in home sales cost of revenues, were as follows (amounts in thousands):
 Three months ended July 31,Nine months ended July 31,
 2025202420252024
North$316 $390 $1,101 $923 
Mid-Atlantic8,541 2,690 12,606 5,585 
South8,522 2,289 13,501 3,016 
Mountain495 32 15,290 25,706 
Pacific5,441 58 7,033 128 
Total consolidated$23,315 $5,459 $49,531 $35,358 
We have also recognized $0.7 million and $2.6 million of land impairment charges included in land sales and other cost of revenues in our South region during the three-month and nine-month periods ended July 31, 2025, respectively. We recognized $3.8 million of land impairment charges during the three-month period ended July 31, 2024, which was in our Corporate and other segment. In the nine-month period ended July 31, 2024, we recognized land impairment charges of $4.4 million of which $3.8 million and $0.6 million were in our Corporate and other and Mid-Atlantic regions, respectively.