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Segment Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Apr. 26, 2018
Segment Reporting [Abstract]        
Segment Information SEGMENT INFORMATION
The Company has three reportable segments - Builder operations Central, Builder operations Southeast, and Land Development. Builder operations Central represents operations by our builders in Texas, whereas Builder operations Southeast represents operations by our builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. The operations of the Company’s builders and land development were aggregated in three reportable segments based on similar economic characteristics, including geography, housing products, class of homebuyer, regulatory environments, and methods used to construct and sell homes.

Corporate operations are reported as a non-operating segment and include activities which support the Company’s builder operations, land development, title and mortgage operations through the centralization of certain administrative functions, such as finance, treasury, information technology and human resources, as well as development of strategic initiatives. Unallocated corporate expenses are reported in the corporate, other and unallocated segment as these activities do not share a majority of aggregation criteria with either the builder operations or land development segments.

While the operations of Challenger meet the criteria for an operating segment, they do not meet the quantitative thresholds of ASC 280, Segment Reporting (“ASC 280”) to be separately reported and disclosed. As such, Challenger’s results are included within the corporate, other and unallocated segment.

Green Brick Title, LLC (“Green Brick Title”) and BHome Mortgage operations are not economically similar to either builder operations or land development and do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, these entities’ results are included within the corporate, other and unallocated segment.

Operations of EJB River Holdings and GBTM Sendera do not meet the criteria for an operating segment, and they do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, these results are included within the corporate, other and unallocated segment.

Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
Financial information relating to the Company’s reportable segments is as follows (in thousands):
Years Ended December 31,
202320222021
Revenues: (1)
Builder operations
Central$1,270,599 $1,181,393 $940,021 
Southeast499,131 529,921 398,211 
Total builder operations1,769,730 1,711,314 1,338,232 
Land development7,980 46,479 64,644 
Total revenues$1,777,710 $1,757,793 $1,402,876 
Gross profit:
Builder operations
Central$424,494 $393,697 $271,799 
Southeast166,291 156,840 110,181 
Total builder operations590,785 550,537 381,980 
Land development3,268 13,393 9,385 
Corporate, other and unallocated (2)
(45,871)(40,905)(29,306)
Total gross profit$548,182 $523,025 $362,059 
Interest expense: (3)
Builder operations
Central$— $— $— 
Southeast34,216 32,323 15,719 
Total builder operations34,216 32,323 15,719 
Corporate, other and unallocated(34,216)(32,323)(15,719)
Total interest expense$— $— $— 
Income before income taxes:
Builder operations
Central$291,307 $281,793 $178,760 
Southeast112,582 107,669 69,606 
Total builder operations403,889 389,462 248,366 
Land development5,129 13,062 8,767 
Corporate, other and unallocated (4)
(17,705)(6,059)(147)
Income before income taxes$391,313 $396,465 $256,986 
December 31, 2023December 31, 2022
Inventory:
Builder operations
Central$645,987 $515,981 
Southeast314,087 293,787 
Total builder operations960,074 809,768 
Land development529,711 570,065 
Corporate, other and unallocated (5)
43,438 42,847 
Total inventory$1,533,223 $1,422,680 
Goodwill:
Builder operations - Southeast$680 $680 
(1)The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the years ended December 31, 2023, 2022 and 2021 were $0.5 million, $7.4 million and $28.5 million, respectively.
(2)Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments.
(3)Interest expense of Builder operations Southeast segments represents an interest expense charged by Corporate, other and unallocated segment in relation to financing purchases of land and construction of some of the Company’s Dallas and Atlanta builders. Intercompany interest revenue of the Corporate, other and unallocated segment is eliminated in consolidation.
(4)Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, Ventana Insurance, and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments.
(5)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.
     
Schedule of Segment Reporting Information
Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
Financial information relating to the Company’s reportable segments is as follows (in thousands):
Years Ended December 31,
202320222021
Revenues: (1)
Builder operations
Central$1,270,599 $1,181,393 $940,021 
Southeast499,131 529,921 398,211 
Total builder operations1,769,730 1,711,314 1,338,232 
Land development7,980 46,479 64,644 
Total revenues$1,777,710 $1,757,793 $1,402,876 
Gross profit:
Builder operations
Central$424,494 $393,697 $271,799 
Southeast166,291 156,840 110,181 
Total builder operations590,785 550,537 381,980 
Land development3,268 13,393 9,385 
Corporate, other and unallocated (2)
(45,871)(40,905)(29,306)
Total gross profit$548,182 $523,025 $362,059 
Interest expense: (3)
Builder operations
Central$— $— $— 
Southeast34,216 32,323 15,719 
Total builder operations34,216 32,323 15,719 
Corporate, other and unallocated(34,216)(32,323)(15,719)
Total interest expense$— $— $— 
Income before income taxes:
Builder operations
Central$291,307 $281,793 $178,760 
Southeast112,582 107,669 69,606 
Total builder operations403,889 389,462 248,366 
Land development5,129 13,062 8,767 
Corporate, other and unallocated (4)
(17,705)(6,059)(147)
Income before income taxes$391,313 $396,465 $256,986 
December 31, 2023December 31, 2022
Inventory:
Builder operations
Central$645,987 $515,981 
Southeast314,087 293,787 
Total builder operations960,074 809,768 
Land development529,711 570,065 
Corporate, other and unallocated (5)
43,438 42,847 
Total inventory$1,533,223 $1,422,680 
Goodwill:
Builder operations - Southeast$680 $680 
     
Segment Reporting Information [Line Items]        
Inventory $ 1,533,223 $ 1,422,680    
Results of Operations, Income before Income Taxes 391,313 396,465 $ 256,986  
Revenues 1,777,710 1,757,793 1,402,876  
Gross profit 548,182 523,025 362,059  
Interest Expense 0 0 0  
Inventory, Real Estate 1,533,223 1,422,680    
Goodwill 680 680   $ 700
Corporate and Other        
Segment Reporting Information [Line Items]        
Inventory 43,438 42,847    
Results of Operations, Income before Income Taxes (17,705) (6,059) (147)  
Gross profit (45,871) (40,905) (29,306)  
Interest Expense (34,216) (32,323) 15,719  
us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Inventory 960,074 809,768    
Revenues 1,769,730 1,711,314 1,338,232  
Gross profit 590,785 550,537 381,980  
Interest Expense 34,216 32,323 15,719  
sic_Z6552 Land Subdividers and Developers (No Cemeteries)        
Segment Reporting Information [Line Items]        
Inventory 529,711 570,065    
Results of Operations, Income before Income Taxes 5,129 13,062 8,767  
Revenues 7,980 46,479 64,644  
Gross profit 3,268 13,393 9,385  
Homebuilders [Member]        
Segment Reporting Information [Line Items]        
Results of Operations, Income before Income Taxes 403,889 389,462 248,366  
Central | us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Inventory 645,987 515,981    
Revenues 1,270,599 1,181,393 940,021  
Gross profit 424,494 393,697 271,799  
Interest Expense 0 0 0  
Central | Homebuilders [Member]        
Segment Reporting Information [Line Items]        
Results of Operations, Income before Income Taxes 291,307 281,793 178,760  
Southeast | us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Inventory 314,087 293,787    
Revenues 499,131 529,921 398,211  
Gross profit 166,291 156,840 110,181  
Interest Expense 34,216 32,323 15,719  
Southeast | Homebuilders [Member]        
Segment Reporting Information [Line Items]        
Results of Operations, Income before Income Taxes 112,582 107,669 69,606  
Real Estate, Other [Member]        
Segment Reporting Information [Line Items]        
Revenues 8,455 53,842 93,189  
Real Estate, Other [Member] | us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Revenues 500 7,400 28,500  
Real Estate, Other [Member] | Central        
Segment Reporting Information [Line Items]        
Revenues 7,980 46,479 66,613  
Real Estate, Other [Member] | Southeast        
Segment Reporting Information [Line Items]        
Revenues $ 475 $ 7,363 $ 26,576