OPERATING AND REPORTING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Homebuilding revenue (1):
West	$	528,977	$	487,803	$	963,114	$	982,309
Central	458,709		424,036		884,159		779,660
East	579,714		500,542		999,435		937,346
Consolidated total	$	1,567,400	$	1,412,381	$	2,846,708	$	2,699,315
Homebuilding segment operating income:
West	$	52,283	$	115,403	$	91,092	$	236,259
Central	83,491		100,203		148,782		175,463
East	103,517		119,395		164,393		212,943
Total homebuilding segment operating income	239,291		335,001		404,267		624,665
Financial services segment profit	(2,557)		4,079		366		7,413
Corporate and unallocated costs (2)	(10,072)		(6,927)		(21,512)		(13,684)
Interest expense	—		—		—		(41)
Other income/(expense), net	12,862		(458)		21,706		(775)
Earnings before income taxes	$	239,524	$	331,695	$	404,827	$	617,578

(1)Homebuilding revenue includes the following land closing revenue, by segment:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Land closing revenue:
West	$	9,760	$	1,725	$	26,575	$	32,807
Central	1,908		1,709		2,478		9,505
East	12,711		—		12,711		2,600
Total	$	24,379	$	3,434	$	41,764	$	44,912

(2)Balance consists primarily of corporate costs and shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.

Schedule of Segment Assets

	At June 30, 2023
	West			Central			East			Financial Services		Corporate  and Unallocated			Total
Deposits on real estate under option or contract	$	14,119		$	8,962		$	47,903		$	—	$	—		$	70,984
Real estate	1,708,328			1,204,692			1,435,580			—		—			4,348,600
Investments in unconsolidated entities	74			2,847			8,697			—		833			12,451
Other assets	52,887		(1)	223,378		(2)	105,512		(3)	1,821		1,250,008		(4)	1,633,606
Total assets	$	1,775,408		$	1,439,879		$	1,597,692		$	1,821	$	1,250,841		$	6,065,641

(1)Balance consists primarily of cash and cash equivalents, prepaids and other assets and property and equipment, net.

(2)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and prepaids and other assets.

(3)Balance consists primarily of cash and cash equivalents, goodwill (see Note 9), prepaids and other assets and property and equipment, net.

(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaids and other assets.

	At December 31, 2022
	West			Central			East			Financial Services		Corporate  and Unallocated			Total
Deposits on real estate under option or contract	$	21,599		$	8,992		$	46,138		$	—	$	—		$	76,729
Real estate	1,775,879			1,298,455			1,283,929			—		—			4,358,263
Investments in unconsolidated entities	110			2,866			7,503			—		1,274			11,753
Other assets	99,267		(1)	241,470		(2)	132,181		(3)	1,536		850,902		(4)	1,325,356
Total assets	$	1,896,855		$	1,551,783		$	1,469,751		$	1,536	$	852,176		$	5,772,101

(1)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and property and equipment, net.

(2)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and prepaids and other assets.

(3)Balance consists primarily of cash and cash equivalents, goodwill, prepaids and other assets and property and equipment, net.

(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaids and other assets.