Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
OPERATING ACTIVITIES:
Net income	$ 111,237	$ 138,061
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	0	0
Mortgage loan originations	(620,968)	(600,946)
Proceeds from the sale of mortgage loans	671,469	539,379
Fair value adjustment of mortgage loans held for sale	(5,544)	2,849
Servicing Asset at Fair Value, Additions	(1,469)	(1,127)
Amortization of mortgage servicing rights	257	355
Depreciation	3,689	3,304
Amortization of debt issue costs	831	808
Gain on sale of mortgage servicing rights	(1,718)	(2,613)
Stock-based compensation expense	4,200	3,539
Excess tax benefits on equity compensation	(771)	(2,006)
Change in assets and liabilities:
Inventory	(107,275)	15,775
Other assets	(12,546)	(3,808)
Accounts payable	30,330	20,294
Customer deposits	9,360	7,388
Accrued compensation	(48,862)	(40,047)
Other liabilities	32,667	34,567
Net cash (used in) provided by operating activities	64,887	115,772
INVESTING ACTIVITIES:
Purchase of property and equipment	(1,339)	(276)
Investment in joint venture arrangements	(8,279)	(23,685)
Net proceeds from sale of mortgage servicing rights	6,690	6,853
Net cash provided by (used in) investing activities	(2,928)	(17,108)
FINANCING ACTIVITIES:
Net proceeds from (repayment of) bank borrowings - financial services operations	(58,202)	58,477
Payments for repurchase of common stock	(50,055)	(25,278)
Proceeds from exercise of stock options	1,106	5,495
Net cash (used in) provided by financing activities	(107,151)	38,694
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(45,192)	137,358
Cash, cash equivalents and restricted cash-Period Start	821,570	732,804
Cash, cash equivalents and restricted cash-Period End	776,378	870,162
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	7,962	7,788
Income taxes	1,191	683
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(1,103)	(2,215)
Consolidated inventory not owned	5,201	(12,291)
Distribution of single-family lots from joint venture arrangements	$ 2,886	$ 8,550