Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Depreciation is generally computed on a straight-line basis based on estimated useful lives as follows: 

Asset Class	Useful Lives
Buildings and improvements	25 - 30 years
Information systems	Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures and computer and office equipment	3 - 7 years
Model and sales office improvements	Lesser of estimated useful life of the asset or estimated life of the community
Leasehold improvements	Lesser of the lease term or the estimated useful life of the asset

The following table presents our property and equipment as of September 30, 2025 and 2024:

in thousands	September 30, 2025		September 30, 2024
Model furnishings and sales office improvements	$	32,727	$	32,179
Information systems	39,483		30,140
Furniture, fixtures and office equipment	17,274		15,447
Leasehold improvements	4,192		3,226
Buildings and improvements	1,382		1,382
Property and equipment, gross	95,058		82,374
Less: Accumulated depreciation	(47,113)		(43,746)
Property and equipment, net	$	47,945	$	38,628