Inventories (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table sets forth, by reportable segment, information relating to our homebuilding inventories:

	March 31, 2024		December 31, 2023
	(Dollars in thousands)
Housing completed or under construction:
West	$	1,167,663	$	1,163,495
Mountain	493,323		448,735
East	294,445		269,038
Subtotal	1,955,431		1,881,268
Land and land under development:
West	763,262		874,605
Mountain	378,213		382,897
East	152,348		162,276
Subtotal	1,293,823		1,419,778
Total inventories	$	3,249,254	$	3,301,046

Schedule of Inventory Impairments

Inventory impairments recognized by segment for the three months ended March 31, 2024 and 2023 are shown in the table below.

	Three Months Ended March 31,
	2024		2023
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	908	$	—
Mountain	400		664
East	—		—
Subtotal	1,308		664
Land and Land Under Development:
West	4,592		—
Mountain	—		7,136
East	—		—
Subtotal	4,592		7,136
Total Inventory Impairments	$	5,900	$	7,800

Schedule of Quantitative Data for Fair Value of the Impaired Inventory

The table below provides quantitative data, for the periods presented, where applicable, used in determining the fair value of the impaired inventory.

	Impairment Data				Quantitative Data
Three Months Ended	Number of Subdivisions Impaired	Inventory Impairments		Fair Value of Inventory After Impairments	Discount Rate
	(Dollars in thousands)
March 31, 2024	3	5,900		17,634	12%	—	18%
Total		$	5,900
March 31, 2023	1	7,800		13,016	18%
Total		$	7,800