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Fair Value Measurements Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The table below shows the notional amounts of our financial instruments at June 30, 2026 and December 31, 2025:
Description of Financial Instrument (in thousands)June 30, 2026December 31, 2025
Whole loan contracts and related committed IRLCs$434 $— 
Uncommitted IRLCs644,526 300,595 
FMBSs related to uncommitted IRLCs697,000 335,000 
Whole loan contracts and related mortgage loans held for sale12,231 15,044 
FMBSs related to mortgage loans held for sale270,000 290,000 
Mortgage loans held for sale covered by FMBSs256,787 302,790 
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table sets forth the amount of (loss) gain recognized, within our revenue in the Unaudited Condensed Consolidated Statements of Income, on assets and liabilities measured on a recurring basis for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
Description (in thousands)2026202520262025
Mortgage loans held for sale$588 $5,544 $(2,918)$5,452 
Forward sales of mortgage-backed securities(5,378)(3,701)2,533 (9,144)
Interest rate lock commitments244 1,404 (1,257)4,621 
Whole loan contracts1,148 1,235 110 644 
Total gain (loss) recognized
$(3,398)$4,482 $(1,532)$1,573 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables set forth the fair value of the Company’s derivative instruments and their location within the Unaudited Condensed Consolidated Balance Sheets for the periods indicated (except for mortgage loans held for sale which are disclosed as a separate line item):
Asset DerivativesLiability Derivatives
June 30, 2026June 30, 2026
Description of DerivativesBalance Sheet
Location
Fair Value
(in thousands)
Balance Sheet LocationFair Value
(in thousands)
Forward sales of mortgage-backed securitiesOther assets$1,898 Other liabilities$ 
Interest rate lock commitmentsOther assets2,841 Other liabilities 
Whole loan contractsOther assets Other liabilities1,143 
Total fair value measurements$4,739 $1,143 

Asset DerivativesLiability Derivatives
December 31, 2025December 31, 2025
Description of DerivativesBalance Sheet
Location
Fair Value
(in thousands)
Balance Sheet LocationFair Value
(in thousands)
Forward sales of mortgage-backed securitiesOther assets$— Other liabilities$635 
Interest rate lock commitmentsOther assets3,661 Other liabilities— 
Whole loan contractsOther assets— Other liabilities817 
Total fair value measurements$3,661 $1,452 
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents the carrying amounts and fair values of the Company’s financial instruments at June 30, 2026 and December 31, 2025. The objective of the fair value measurement is to estimate the price at which an orderly transaction to sell the asset or transfer the liability would take place between market participants at the measurement date under current market conditions.
June 30, 2026December 31, 2025
(In thousands)Fair Value HierarchyCarrying AmountFair ValueCarrying AmountFair Value
Assets:
Cash, cash equivalents and restricted cashLevel 1$735,941 $735,941 $689,189 $689,189 
Mortgage loans held for saleLevel 2258,965 258,965 309,100 309,100 
Interest rate lock commitmentsLevel 22,841 2,841 3,661 3,661 
Forward sales of mortgage-backed securitiesLevel 21,898 1,898 — — 
Liabilities:
Notes payable - homebuilding operationsLevel 2  — — 
Notes payable - financial services operationsLevel 2252,366 252,366 276,856 276,856 
Senior notes due 2028 (a)
Level 2400,000 397,500 400,000 398,000 
Senior notes due 2030 (a)
Level 2300,000 284,625 300,000 287,625 
Whole loan contracts for committed IRLCs and mortgage loans held for saleLevel 21,143 1,143 817 817 
Forward sales of mortgage-backed securitiesLevel 2  635 635 
(a)Our senior notes are stated at the principal amount outstanding which does not include the impact of premiums, discounts, and debt issuance costs that are amortized to interest cost over the respective terms of the notes.