Owned Inventory (Tables)

12 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Schedule of inventory

The components of our owned inventory are as follows as of September 30, 2024 and 2023:

in thousands	September 30, 2024		September 30, 2023
Homes under construction	$	754,705	$	644,363
Land under development	1,023,188		870,740
Land held for future development	19,879		19,879
Land held for sale	19,086		18,579
Capitalized interest	124,182		112,580
Model homes	99,600		90,062
Total owned inventory	$	2,040,640	$	1,756,203

Schedule of total inventory by segment

Total owned inventory by reportable segment is presented in the table below as of September 30, 2024 and 2023:

in thousands	Projects in Progress (a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2024
West	$	1,023,140	$	3,483	$	17,110	$	1,043,733
East	411,914		10,888		1,300		424,102
Southeast	365,676		5,508		676		371,860
Corporate and unallocated(b)	200,945		—		—		200,945
Total	$	2,001,675	$	19,879	$	19,086	$	2,040,640
September 30, 2023
West	$	914,908	$	3,483	$	14,702	$	933,093
East	325,395		10,888		3,201		339,484
Southeast	297,142		5,508		676		303,326
Corporate and unallocated(b)	180,300		—		—		180,300
Total	$	1,717,745	$	19,879	$	18,579	$	1,756,203

(a) Projects in progress include homes under construction, land under development, capitalized interest, and model home categories from the preceding table.

(b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment.

Schedule of inventory impairments and lot option abandonment charges

The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:

	Fiscal Year Ended September 30,
in thousands	2024		2023		2022
Land Held for Sale:
West	$	—	$	—	$	1,303
Corporate and unallocated(a)	—		—		565
Total impairment charges on land held for sale	$	—	$	—	$	1,868
Abandonments:
West	$	1,805	$	487	$	289
East	91		154		143
Southeast	100		—		663
Total abandonments charges	$	1,996	$	641	$	1,095
Total impairment and abandonment charges	$	1,996	$	641	$	2,963

(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.