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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Operating Data by Segment
 Operating Data by Segment ($000’s omitted)
Years Ended December 31,
 202420232022
Revenues:
Northeast$1,068,199 $969,107 $1,062,764 
Southeast2,880,882 2,669,065 2,761,629 
Florida4,706,048 4,650,355 3,816,917 
Midwest2,590,309 2,084,807 2,289,216 
Texas2,140,699 2,040,164 2,180,852 
West3,933,430 3,182,947 3,436,741 
Other homebuilding (a)
194,389 144,378 143,144 
17,513,956 15,740,823 15,691,263 
Financial Services432,994 320,755 311,716 
Consolidated revenues$17,946,950 $16,061,578 $16,002,979 
Cost of Revenues
Northeast$(729,284)$(665,616)$(727,640)
Southeast(1,948,510)(1,792,371)(1,804,862)
Florida(3,153,767)(3,040,705)(2,511,830)
Midwest(1,854,693)(1,521,994)(1,713,031)
Texas(1,526,930)(1,434,639)(1,471,186)
West(3,017,970)(2,476,076)(2,490,505)
Other homebuilding (b)
(270,505)(223,412)(268,731)
(12,501,659)(11,154,813)(10,987,785)
 Operating Data by Segment ($000’s omitted)
Years Ended December 31,
 202420232022
SG&A:
Northeast$(94,925)$(85,666)$(86,559)
Southeast(287,274)(255,327)(251,062)
Florida(427,392)(396,978)(354,284)
Midwest(236,195)(196,159)(209,579)
Texas(257,490)(224,434)(245,680)
West(341,613)(284,392)(301,175)
Other homebuilding (c)
323,613 130,314 67,117 
(1,321,276)(1,312,642)(1,381,222)
Other Segment Items (d):
Northeast$(13,994)$(7,317)$(14,058)
Southeast(13,571)(17,524)(34,223)
Florida(3,578)(19,191)(35,341)
Midwest(9,236)(12,688)(20,795)
Texas(10,685)(9,189)(21,215)
West(21,008)(42,486)(7,068)
Other homebuilding (e)
176,975 151,102 117,772 
104,903 42,707 (14,928)
Financial Services(223,039)(187,563)(179,486)
$(118,136)$(144,856)$(194,414)
Income (loss) before income taxes (f):
Northeast$229,996 $210,508 $234,507 
Southeast631,527 603,843 671,482 
Florida1,121,311 1,193,481 915,462 
Midwest490,185 353,966 345,811 
Texas345,594 371,902 442,771 
West552,839 379,993 637,993 
Other homebuilding424,472 202,382 59,302 
3,795,924 3,316,075 3,307,328 
Financial Services209,955 133,192 132,230 
Consolidated income before income taxes$4,005,879 $3,449,267 $3,439,558 

(a)Other Homebuilding includes revenues from land sales and construction services.
(b)Other Homebuilding includes cost of revenues related to land sales, construction services, and amortization of capitalized interest.
(c)Other Homebuilding includes insurance reserve reversals of $333.9 million, $130.8 million, and $65.0 million in 2024, 2023 and 2022, respectively (see Note 11). Other Homebuilding also includes eliminations of corporate overhead allocated to the operating segments.
(d)Other Segment Items reflects other sources of income and expense, including internal capital charge allocations that are eliminated within Other Homebuilding.
(e)Other Homebuilding includes income from unconsolidated entities, interest, the amortization of intangible assets, and other items not allocated to the operating segments. Other Homebuilding also includes a gain of $39.5 million in 2024 related to the sale of our minority interest in a joint venture.
(f)Includes certain land-related charges (see the following table and Note 2). Also includes gains related to sales of individual properties of $17.5 million in Florida in 2024, $10.7 million in West in 2024, and $49.1 million.in West in 2022.
 Operating Data by Segment
($000's omitted)
December 31,
20242023
 Total
Inventory
Total
Assets
Total
Inventory
Total
Assets
Northeast$716,530 $807,922 $689,221 $775,316 
Southeast2,006,958 2,298,692 1,796,815 1,994,492 
Florida3,246,588 3,676,910 2,917,327 3,274,328 
Midwest1,401,747 1,529,602 1,359,179 1,476,166 
Texas1,645,213 1,905,394 1,538,287 1,686,609 
West3,684,393 4,212,636 3,391,504 3,752,089 
Other homebuilding (a)
(35,616)1,934,728 103,037 2,287,550 
12,665,813 16,365,884 11,795,370 15,246,550 
Financial Services— 997,879 — 840,500 
$12,665,813 $17,363,763 $11,795,370 $16,087,050 
 
(a)Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, other corporate items that are not allocated to the operating segments, and eliminations of certain inventory not owned and land held for sale allocated to the operating segments. Other homebuilding also includes goodwill of $68.9 million, net of cumulative impairment charges of $20.2 million at December 31, 2024 and 2023.
Land-Related Charges By Reporting Segment
Operating Data by Segment ($000's omitted)
Years Ended December 31,
202420232022
Land-related charges*:
Northeast$8,142 $497 $4,597 
Southeast4,006 7,853 18,381 
Florida2,804 2,683 13,515 
Midwest1,598 7,786 6,517 
Texas9,643 3,661 6,745 
West7,412 19,343 16,406 
Other homebuilding967 1,292 495 
$34,572 $43,115 $66,656 

*    Land-related charges include land impairments, NRV adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. See Note 2 for additional discussion of these charges.
Depreciation and Amortization Expense by Reporting Segment
 Operating Data by Segment ($000's omitted)
Years Ended December 31,
 202420232022
Depreciation and amortization:
Northeast$2,882 $3,365 $2,956 
Southeast6,940 6,056 5,151 
Florida15,623 13,471 11,720 
Midwest8,229 8,207 7,035 
Texas6,911 6,214 5,591 
West15,482 12,438 11,840 
Other homebuilding23,997 22,992 19,929 
80,064 72,743 64,222 
Financial Services9,098 8,081 6,696 
$89,162 $80,824 $70,918