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Owned Inventory (Tables)
 6 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory
The components of our owned inventory are as follows as of March 31, 2025 and September 30, 2024:
in thousandsAs of March 31, 2025As of September 30, 2024
Homes under construction$855,971 $754,705 
Land under development1,102,584 1,023,188 
Land held for future development19,489 19,879 
Land held for sale25,166 19,086 
Capitalized interest134,292 124,182 
Model homes95,905 99,600 
Total owned inventory$2,233,407 $2,040,640 
Schedule of Total Owned Inventory, by Segment
Total owned inventory by reportable segment is presented in the table below as of March 31, 2025 and September 30, 2024:
in thousands
Projects in
Progress(a)
Land Held for Future DevelopmentLand Held for SaleTotal Owned
Inventory
March 31, 2025
West$1,084,739 $3,483 $17,552 $1,105,774 
East473,491 10,888 4,837 489,216 
Southeast413,483 5,118 2,777 421,378 
Corporate and unallocated(b)
217,039 

— — 217,039 
Total$2,188,752 $19,489 $25,166 $2,233,407 
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 Inventory Impairments and Abandonment Charges, by Reportable Segment
The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:
 Three Months Ended March 31,Six Months Ended March 31,
in thousands2025202420252024
Abandonments:
West$528 $— $528 $— 
Total abandonments charges$528 $— $528 $— 
Total impairment and abandonment charges$528 $— $528 $— 
Schedule of Interests in Lot Option Agreements
The following table provides a summary of our interests in lot option agreements as of March 31, 2025 and September 30, 2024:
As of March 31, 2025As of September 30, 2024
in thousands
Deposits and non-refundable pre-acquisition costs incurred(a)
$313,491 $227,770 
Remaining purchase price if lot option agreements are exercised$1,572,210 $1,458,679 
(a) Amount is included as a component of land under development within our owned inventory in the condensed consolidated balance sheets.