Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
OPERATING ACTIVITIES:
Net income	$ 338,970	$ 430,256
Production Related Impairments or Charges	7,583	0
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	(2,121,412)	(1,923,219)
Proceeds from the sale of mortgage loans	2,171,263	1,856,834
Fair value adjustment of mortgage loans held for sale	(5,896)	(98)
Servicing Asset at Fair Value, Additions	(4,827)	(3,845)
Amortization of mortgage servicing rights	768	954
Depreciation	11,525	10,511
Amortization of debt issue costs	2,504	2,425
Gain on sale of mortgage servicing rights	(1,718)	(2,613)
Loss on Extinguishment of Debt	0	0
Stock-based compensation expense	12,641	10,859
Excess tax benefits on equity compensation	(2,316)	(4,612)
Other, net	0	3,240
Change in assets and liabilities:
Inventory	(314,542)	(335,062)
Other assets	(12,011)	(33,366)
Accounts payable	59,402	52,030
Customer deposits	(7,725)	2,215
Accrued compensation	(17,291)	(4,322)
Other liabilities	29,138	13,154
Net cash (used in) provided by operating activities	146,056	75,341
INVESTING ACTIVITIES:
Purchase of property and equipment	(5,352)	(6,350)
Return of capital from joint venture arrangements	2,002	0
Investment in joint venture arrangements	(34,410)	(45,920)
Net proceeds from sale of mortgage servicing rights	7,062	7,233
Net cash provided by (used in) investing activities	(30,698)	(45,037)
FINANCING ACTIVITIES:
Net proceeds from (repayment of) bank borrowings - financial services operations	(54,180)	69,597
Payments for repurchase of common stock	(150,378)	(125,819)
Debt issue costs	(6,508)	0
Proceeds from exercise of stock options	8,312	13,034
Net cash (used in) provided by financing activities	(202,754)	(43,188)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(87,396)	(12,884)
Cash, cash equivalents and restricted cash-Period Start	821,570	732,804
Cash, cash equivalents and restricted cash-Period End	734,174	719,920
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	(7,609)	(7,426)
Income taxes	103,809	131,959
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(4,092)	(4,166)
Consolidated inventory not owned	6,313	(15,384)
Distribution of single-family lots from joint venture arrangements	$ 16,223	$ 27,234