Warranty Accrual (Tables)

3 Months Ended

Mar. 31, 2024

Product Warranties Disclosures [Abstract]

Schedule of Product Warranty Liability

The table set forth below summarizes accrual, adjustment and payment activity related to our warranty accrual for the three months ended March 31, 2024 and 2023. The warranty accrual during the three months ended March 31, 2024 increased due to a increase in home closings year-over-year as well as the result of a $3.1 million adjustment to increase our warranty accrual during the period. This adjustment was due to higher general warranty related expenditures.

	Three Months Ended March 31,
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	44,082	$	46,857
Expense provisions	6,621		5,635
Cash payments	(6,425)		(5,826)
Adjustments	3,050		—
Balance at end of period	$	47,328	$	46,666