OPERATING AND REPORTING SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Homebuilding revenue (1):
West	$	598,147	$	460,089	$	1,580,456	$	1,305,684
Central	500,582		383,206		1,280,242		1,109,228
East	479,292		416,610		1,416,638		1,206,373
Consolidated total	$	1,578,021	$	1,259,905	$	4,277,336	$	3,621,285
Homebuilding segment operating income:
West	$	121,060	$	95,167	$	357,319	$	238,356
Central	112,141		90,579		287,604		232,537
East	104,872		83,853		317,815		207,509
Total homebuilding segment operating income	338,073		269,599		962,738		678,402
Financial services segment profit	4,842		4,224		12,255		12,599
Corporate and unallocated costs (2)	(13,350)		(13,303)		(27,034)		(32,673)
Interest expense	—		(79)		(41)		(246)
Other (expense)/ income, net	(74)		1,268		(849)		3,443
Loss on early extinguishment of debt	—		—		—		(18,188)
Earnings before income taxes	$	329,491	$	261,709	$	947,069	$	643,337

(1)Homebuilding revenue includes the following land closing revenue, by segment:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Land closing revenue:
West	$	8,120	$	8,470	$	40,927	$	21,426
Central	869		—		10,374		3,799
East	—		—		2,600		—
Total	$	8,989	$	8,470	$	53,901	$	25,225

(2)Balance consists primarily of corporate costs and numerous shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.

Schedule of Segment Assets

	At September 30, 2022
	West			Central			East			Financial Services		Corporate  and Unallocated			Total
Deposits on real estate under option or contract	$	25,211		$	9,223		$	53,994		$	—	$	—		$	88,428
Real estate	1,910,289			1,409,875			1,406,098			—		—			4,726,262
Investments in unconsolidated entities	110			2,897			7,381			—		968			11,356
Other assets	72,913		(1)	217,266		(2)	96,315		(3)	610		357,940		(4)	745,044
Total assets	$	2,008,523		$	1,639,261		$	1,563,788		$	610	$	358,908		$	5,571,090

(1)Balance consists primarily of cash and cash equivalents, prepaids and other assets and property and equipment, net.

(2)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and prepaids and other assets.

(3)Balance consists primarily of cash and cash equivalents, goodwill (see Note 9), prepaids and other assets and property and equipment, net.

(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaids and other assets.

	At December 31, 2021
	West			Central			East			Financial Services		Corporate  and Unallocated			Total
Deposits on real estate under option or contract	$	26,687		$	11,132		$	52,860		$	—	$	—		$	90,679
Real estate	1,571,477			1,076,300			1,086,631			—		—			3,734,408
Investments in unconsolidated entities	87			2,974			1,707			—		996			5,764
Other assets	66,897		(1)	199,791		(2)	102,073		(3)	610		607,311		(4)	976,682
Total assets	$	1,665,148		$	1,290,197		$	1,243,271		$	610	$	608,307		$	4,807,533

(1)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and property and equipment, net.

(2)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and prepaids and other assets.

(3)Balance consists primarily of cash and cash equivalents, real estate not owned, goodwill, prepaids and other assets and property and equipment, net.

(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaids and other assets.