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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Lease, Cost
The table below outlines our ROU assets and lease liabilities (in thousands):
As of
March 31, 2024December 31, 2023
ROU assets$49,376 $51,275 
Lease liabilities52,104 54,040 
Schedule of Surety Bond and Letter of Credit Obligations
The table below outlines our surety bond and letter of credit obligations (in thousands):
As of
 March 31, 2024December 31, 2023
 OutstandingEstimated work
remaining to
complete		OutstandingEstimated work
remaining to
complete
Sureties:
Sureties related to owned projects and lots under contract$994,786 $739,261 $975,979 $712,421 
Total Sureties$994,786 $739,261 $975,979 $712,421 
Letters of Credit (“LOCs”):
LOCs for land development64,701 N/A56,251 N/A
LOCs for general corporate operations5,000 N/A5,000 N/A
Total LOCs$69,701 N/A$61,251 N/A
Schedule of Accrued Liabilities Accrued liabilities at March 31, 2024 and December 31, 2023 consisted of the following (in thousands):
As of
 March 31, 2024December 31, 2023
Accruals related to real estate development and construction activities$150,229 $137,489 
Payroll and other benefits66,328 140,734 
Accrued interest18,276 6,331 
Accrued taxes72,678 25,569 
Warranty reserves36,364 37,360 
Lease liabilities52,104 54,040 
Other accruals22,237 23,241 
Total$418,216 $424,764 
Summary of Changes in Warranty Reserves
A summary of changes in our warranty reserves follows (in thousands):
 Three Months Ended March 31,
 20242023
Balance, beginning of period$37,360 $35,575 
Additions to reserve from new home deliveries4,833 4,406 
Warranty claims(5,829)(2,918)
Adjustments to pre-existing reserves— — 
Balance, end of period$36,364 $37,063