Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 402,941	$ 563,725	$ 465,365
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Impairment of inventory and abandoned land transaction write-offs	47,669	9,244	10,608
Equity in income from joint venture arrangements	0	0	(33)
Mortgage loan originations	(2,897,111)	(2,685,078)	(2,118,884)
Proceeds from the sale of mortgage loans	2,876,457	2,571,120	2,191,832
Fair value adjustment of mortgage loans held for sale	(4,906)	6,747	(6,738)
Capitalization of originated mortgage servicing rights	(7,388)	(5,569)	(6,182)
Amortization of mortgage servicing rights	1,146	1,314	1,578
Gain on sale of mortgage servicing rights	1,718	2,613	936
Depreciation	15,527	14,138	12,916
Amortization of debt discount and debt issue costs	3,371	3,248	2,875
Stock-based compensation expense	16,998	14,564	11,370
Deferred Income Tax Expense	8,943	1,863	2,705
Effective Income Tax Rate Reconciliation, Equity Compensation	(2,333)	(5,299)	(6,457)
Change in assets and liabilities:
Inventory	(313,465)	(297,730)	46,728
Other assets	(4,325)	(20,349)	3,426
Accounts payable	(17,390)	(6,099)	(23,919)
Customer deposits	(18,486)	(15,801)	(7,990)
Accrued compensation	(5,237)	9,237	2,644
Other liabilities	36,656	23,074	(28,777)
Net cash (used in) provided by operating activities	137,349	179,736	552,131
INVESTING ACTIVITIES:
Purchase of property and equipment	(9,609)	(8,417)	(5,769)
Return of Capital from Joint Venture Arrangements	2,002	0	0
Investment in and advances to joint venture arrangements	(59,195)	(54,094)	(23,560)
Proceeds from the sale of mortgage servicing rights	7,062	7,615	10,697
Net cash provided by (used in) investing activities	(59,740)	(54,896)	(18,632)
FINANCING ACTIVITIES:
(Net repayment of) net proceeds from bank borrowings - financial services operations	(9,303)	120,315	(79,897)
Repurchase of common shares	(202,033)	(176,953)	(65,344)
Debt issue costs	(7,006)	(723)	(791)
Proceeds from exercise of stock options	8,352	21,287	33,795
Net cash provided (used in) by financing activities	(209,990)	(36,074)	(112,237)
Net (decrease) increase in cash, cash equivalents and restricted cash	(132,381)	88,766	421,262
Cash, Cash Equivalents, and Restricted Cash-Period Start	821,570	732,804	311,542
Cash, Cash Equivalents, and Restricted Cash-Period End	689,189	821,570	732,804
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	(822)	(638)	(1,481)
Income taxes	131,440	159,622	150,668
NON-CASH TRANSACTIONS DURING THE PERIOD:
Community development district infrastructure	(2,630)	(6,500)	(10,362)
Consolidated inventory not owned	18,521	(15,090)	9,851
Distribution of single-family lots from unconsolidated LLC's	$ 16,223	$ 33,169	$ 31,136