Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
OPERATING ACTIVITIES:
Net income	$ 232,480	$ 284,807
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	(1,371,660)	(1,240,101)
Proceeds from the sale of mortgage loans	1,379,785	1,185,705
Fair value adjustment of mortgage loans held for sale	(5,452)	3,471
Servicing Asset at Fair Value, Additions	(2,783)	(2,456)
Amortization of mortgage servicing rights	485	612
Depreciation	7,534	6,846
Amortization of debt issue costs	1,662	1,616
Gain on sale of mortgage servicing rights	(1,718)	(2,613)
Stock-based compensation expense	8,116	7,349
Excess tax benefits on equity compensation	(1,091)	(2,408)
Change in assets and liabilities:
Inventory	(183,582)	(143,868)
Other assets	(22,001)	(16,824)
Accounts payable	53,897	74,181
Customer deposits	2,833	8,131
Accrued compensation	(35,789)	(25,420)
Other liabilities	39,926	4,255
Net cash (used in) provided by operating activities	102,642	143,283
INVESTING ACTIVITIES:
Purchase of property and equipment	(3,948)	(5,770)
Investment in joint venture arrangements	(18,360)	(29,004)
Net proceeds from sale of mortgage servicing rights	7,062	7,233
Net cash provided by (used in) investing activities	(15,246)	(27,541)
FINANCING ACTIVITIES:
Net proceeds from (repayment of) bank borrowings - financial services operations	(10,233)	56,948
Payments for repurchase of common stock	(100,199)	(75,585)
Proceeds from exercise of stock options	1,864	7,549
Net cash (used in) provided by financing activities	(108,568)	(11,088)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(21,172)	104,654
Cash, cash equivalents and restricted cash-Period Start	821,570	732,804
Cash, cash equivalents and restricted cash-Period End	800,398	837,458
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	(822)	(320)
Income taxes	64,691	82,786
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(2,972)	(1,822)
Consolidated inventory not owned	777	(25,365)
Distribution of single-family lots from joint venture arrangements	$ 16,223	$ 27,234