Annual report [Section 13 and 15(d), not S-K Item 405]

Real Estate Inventories (Tables)

v3.25.0.1
Real Estate Inventories (Tables)
12 Months Ended
Dec. 31, 2024
Real Estate Inventories [Abstract]  
Schedule of Real Estate Inventories
Real estate inventories are summarized as follows:
December 31,
2024 2023
(dollars in thousands)
Deposits and pre-acquisition costs $ 96,611  $ 99,702 
Land held and land under development 492,707  272,825 
Homes completed or under construction 729,335  692,126 
Model homes 20,429  57,073 
Total real estate inventories $ 1,339,082  $ 1,121,726 
Schedule Of Fair Value Of Impaired Inventory
The table below provides quantitative data for Level 3 inputs used in determining the fair value of the impaired inventory. The table presents the quarter during the respective year in which the impairment occurred.
Impairment Data Quantitative Data
Three Months Ended Number of Projects Impaired Real Estate Inventories Impairment Fair Value of Inventory After Impairment Discount Rate
(dollars in thousands)
September 30, 2024 1 $ 800  $ 5,828  13  %
June 30, 2023 1 $ 4,700  $ 19,363  11  %