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Owned Inventory (Tables)
 3 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory
The components of our owned inventory are as follows as of December 31, 2024 and September 30, 2024:
in thousandsAs of December 31, 2024As of September 30, 2024
Homes under construction$815,757 $754,705 
Land under development1,085,063 1,023,188 
Land held for future development19,879 19,879 
Land held for sale16,880 19,086 
Capitalized interest130,433 124,182 
Model homes96,062 99,600 
Total owned inventory$2,164,074 $2,040,640 
Schedule of Total Owned Inventory, by Segment
Total owned inventory by reportable segment is presented in the table below as of December 31, 2024 and September 30, 2024:
in thousands
Projects in
Progress(a)
Land Held for Future DevelopmentLand Held for SaleTotal Owned
Inventory
December 31, 2024
West$1,084,056 $3,483 $13,043 $1,100,582 
East441,945 10,888 1,060 453,893 
Southeast390,546 5,508 2,777 398,831 
Corporate and unallocated(b)
210,768 

— — 210,768 
Total$2,127,315 $19,879 $16,880 $2,164,074 
September 30, 2024
West$1,023,140 $3,483 $17,110 $1,043,733 
East411,914 10,888 1,300 424,102 
Southeast365,676 5,508 676 371,860 
Corporate and unallocated(b)
200,945 — — 200,945 
Total$2,001,675 $19,879 $19,086 $2,040,640 
(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 Interests in Lot Option Agreements
The following table provides a summary of our interests in lot option agreements as of December 31, 2024 and September 30, 2024:
As of December 31, 2024As of September 30, 2024
in thousands
Deposits and non-refundable pre-acquisition costs incurred(a)
$297,803 $227,770 
Remaining purchase price if lot option agreements are exercised$1,598,199 $1,458,679 
(a) Amount is included as a component of land under development within our owned inventory in the condensed consolidated balance sheets.