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

Accrued Expenses and Other Liabilities (Tables)

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Accrued Expenses and Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following:
December 31,
2024 2023
(dollars in thousands)
Land development and home construction accrual $ 59,758  $ 51,478 
Warranty reserve and general liability 50,342  48,949 
Land bank finance liability 29,431  — 
Lease liabilities 24,494  13,070 
Accrued compensation and benefits 16,476  26,029 
Interest payable 10,236  2,775 
Homebuyer deposits 6,948  8,227 
Sales tax payable 1,600  1,646 
Income tax payable —  4,636 
Deferred revenue 384  180 
Other deposits and liabilities 12,976  3,266 
Total accrued expenses and other liabilities $ 212,645  $ 160,256 
Schedule of Product Warranty Liability Changes in the Company’s warranty reserve and general liability are detailed in the table below:
December 31,
2024 2023
(dollars in thousands)
Beginning warranty reserve and general liability $ 48,949  $ 46,657 
Provision (1)
9,909  10,457 
Payments (8,516) (8,165)
Ending warranty reserve and general liability $ 50,342  $ 48,949 
(1)     The provision amount for the year ended December 31, 2024 includes $4.1 million associated with Antares, which we acquired on April 1, 2024.