Green Brick Partners (GRBK) 10-Q 4 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	GRBK
Security Exchange Name	NASDAQ
Document Transition Report	false
Document Quarterly Report	true
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	Green Brick Partners, Inc.
Entity Central Index Key	0001373670
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Tax Identification Number	20-5952523
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		50,732,276
Entity Shell Company	false
Entity File Number	001-33530
Entity Address, Address Line One	2805 Dallas Pkwy
Entity Address, Address Line Two	Ste 400
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75093
City Area Code	(469)
Local Phone Number	573-6755
Entity Small Business	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Restricted cash	$ 14,750	$ 14,156
Inventory	920,890	844,635
Investments in unconsolidated entities	48,457	46,443
Operating Lease, Right-of-Use Asset	2,257	2,538
Property and equipment, net	3,506	3,595
Earnest money deposits	23,208	22,242
Deferred income tax assets, net	15,376	15,376
Intangible assets, net	601	622
Goodwill	680	680
Other assets	13,942	13,857
Total assets	1,079,916	988,847
LIABILITIES AND EQUITY
Accounts payable	39,000	24,521
Accrued expenses	50,235	40,416
Operating Lease, Liability	2,289	2,591
Borrowings on lines of credit, net	3,809	106,687
Senior Notes	235,561	111,056
Contract with Customer, Liability	56,073	38,131
Contingent consideration	368	368
Total liabilities	387,454	325,895
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary	15,701	13,543
Green Brick Partners, Inc. stockholders’ equity
Preferred stock, $0.01 par value: 5,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	511	511
Additional paid-in capital	293,162	293,242
Retained earnings	375,625	349,656
Total Green Brick Partners, Inc. stockholders’ equity	666,131	640,242
Noncontrolling interests	10,630	9,167
Total equity	676,761	649,409
Total liabilities and equity	1,079,916	988,847
Cash and Cash Equivalents, at Carrying Value	28,688	19,479
Accounts Receivable, after Allowance for Credit Loss	7,561	5,224
Treasury Stock, Value	3,167	3,167
Other Notes Payable	$ 119	$ 2,125

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, Shares, Issued	51,124,215	51,053,858
Common stock, shares outstanding (in shares)	50,732,276	50,661,919

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Total revenues	$ 234,479	$ 213,267
Cost of Goods and Services Sold	175,490	164,298
Gross Profit	(58,989)	(48,969)
Selling, general and administrative expenses	29,488	26,869
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0
Equity in income of unconsolidated entities	3,891	2,565
Other income (loss), net	1,870	(1,909)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	35,262	22,756
Income tax expense	7,501	6,040
Net income	27,761	16,716
Less: Net income attributable to noncontrolling interests	1,792	799
Net income attributable to Green Brick Partners, Inc.	$ 25,969	$ 15,917
Net income attributable to Green Brick Partners, Inc. per common share:
Basic (in dollars per share)	$ 0.51	$ 0.32
Diluted (in dollars per share)	$ 0.51	$ 0.31
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:
Basic (in shares)	50,633	50,454
Diluted (in shares)	50,993	50,646
Residential Real Estate [Member]
Total revenues	$ 217,236	$ 191,187
Cost of Goods and Services Sold	162,072	147,187
Real Estate, Other [Member]
Total revenues	17,243	22,080
Cost of Goods and Services Sold	$ 13,418	$ 17,111

Statement of Shareholders' Equi

Statement of Shareholders' Equity (Statement) - USD ($) $ in Thousands	Total	Additional Paid-in Capital [Member]	Common Stock [Member]	Retained Earnings	Noncontrolling Interest
Statement of Stockholders' Equity [Abstract]
Additional Paid in Capital	$ 290,799
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Common Stock, Shares, Issued	50,879,949
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	$ 509
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	50,879,949
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	$ 509
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital	$ 290,799
Retained Earnings (Accumulated Deficit)	235,027
Stockholders' Equity Attributable to Parent	523,168
Stockholders' Equity Attributable to Noncontrolling Interest	13,227
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 536,395
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	204,620
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,600	$ 1,598	$ 2
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 592	(591)	(1)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	75,708
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 134
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	2,970
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					$ 243
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	16,160
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	592	(591)	(1)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 1,600	1,598	2
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	204,620
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	75,708
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 134
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	2,970
Net income attributable to Green Brick Partners, Inc.	15,917			$ 15,917
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					243
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	16,160
Noncontrolling Interest, Increase from Business Combination	400
Noncontrolling Interest, Change in Redemption Value	2,755	2,755
Additional Paid in Capital		294,695
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Common Stock, Shares, Issued	51,008,861
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively			510
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	51,008,861
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively			510
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital		294,695
Retained Earnings (Accumulated Deficit)	$ 250,944
Stockholders' Equity Attributable to Parent	542,982
Stockholders' Equity Attributable to Noncontrolling Interest	10,900
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	553,882
Additional Paid in Capital	293,242
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.49
Common Stock, Shares, Issued	51,053,858
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	$ 511
Additional Paid in Capital, Common Stock	293,242
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	51,053,858
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	$ 511
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital	$ 293,242
Retained Earnings (Accumulated Deficit)	349,656
Stockholders' Equity Attributable to Parent	640,242
Stockholders' Equity Attributable to Noncontrolling Interest	9,167
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 649,409
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years 6 months 29 days
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	111,675
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 2,437	2,436	1
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 834	833	(1)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	41,318
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 146
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					1,463
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 27,432
Granted (in shares)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 6 months 29 days
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 834	833	(1)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ 2,437	2,436	$ 1
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	111,675
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	41,318
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 146
Net income attributable to Green Brick Partners, Inc.	25,969			$ 25,969
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					$ 1,463
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	27,432
Noncontrolling Interest, Change in Redemption Value	(1,829)	$ (1,829)
Additional Paid in Capital	293,162
Treasury Stock, Value	$ 3,167
Treasury Stock, Common, Shares	391,939
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 7,595
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 7.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 7,595
Common Stock, Shares, Issued	51,124,215
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	$ 511
Additional Paid in Capital, Common Stock	293,162
Treasury Stock, Value	$ 3,167
Common Stock, Shares, Issued	51,124,215
Common stock, $0.01 par value: 100,000,000 shares authorized; 51,124,215 and 51,053,858 issued and 50,732,276 and 50,661,919 outstanding as of March 31, 2021 and December 31, 2020, respectively	$ 511
Treasury Stock, Common, Shares	391,939
Additional Paid in Capital	$ 293,162
Retained Earnings (Accumulated Deficit)	375,625
Stockholders' Equity Attributable to Parent	666,131
Stockholders' Equity Attributable to Noncontrolling Interest	10,630
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 676,761

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income	$ 27,761,000	$ 16,716,000
Depreciation, Depletion and Amortization	841,000	627,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Share-based compensation expense	2,583,000	1,734,000
Earnest Money Deposits and Pre-acquisition Costs Written-Off	43,000	3,440,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0
Income (Loss) from Equity Method Investments	(3,891,000)	(2,565,000)
Distributions of income from unconsolidated entities	1,886,000	1,657,000
Changes in operating assets and liabilities:
Increase in receivables	(2,337,000)	(1,301,000)
Increase in inventory	(76,034,000)	(16,884,000)
Increase in earnest money deposits	(1,009,000)	(7,436,000)
Increase in other assets	(106,000)	(1,595,000)
Increase in accounts payable	(14,479,000)	(1,288,000)
Increase in accrued expenses	9,819,000	6,850,000
Increase (Decrease) in Contract with Customer, Liability	(17,942,000)	1,369,000
Net cash (used in) provided by operating activities	(8,023,000)	1,162,000
Cash flows from investing activities:
Purchase of property and equipment	(730,000)	(1,054,000)
Net cash used in investing activities	(739,000)	(1,054,000)
Cash flows from financing activities:
Borrowings from lines of credit	108,000,000	126,000,000
Proceeds from Unsecured Notes Payable	125,000,000	0
Repayments of Lines of Credit	211,000,000	48,000,000
Payment, Tax Withholding, Share-based Payment Arrangement	834,000	592,000
Contributions of LLC Members	0	400,000
Payments to Noncontrolling Interests	0	2,970,000
Net cash provided by financing activities	18,565,000	74,838,000
9803000	9,803,000	74,946,000
Cash and cash equivalents, beginning of period		33,269,000
Restricted cash, beginning of period	14,156,000	4,416,000
Cash and cash equivalents and restricted cash, beginning of period	33,635,000	37,685,000
Cash and cash equivalents, end of period		105,860,000
Restricted cash, end of period	14,750,000	6,771,000
Cash and cash equivalents and restricted cash, end of period	43,438,000	112,631,000
Supplemental Cash Flow Information [Abstract]
Income Taxes Paid, Net	0	(137,000)
Earnest Money Deposits and Pre-acquisition Costs Written-Off	43,000	3,440,000
Repayments of Notes Payable	(2,006,000)	0
Payments of Debt Issuance Costs	(595,000)	0
Payments to Acquire Equity Method Investments	$ 9,000	$ 0

Significant Accounting Policies

Significant Accounting Policies Accounting Policies (Notes)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and applicable regulations of the Securities and Exchange Commission (“SEC”), but do not include all of the information and footnotes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2020 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. In the opinion of management, the accompanying unaudited condensed consolidated financial statements for the periods presented reflect all adjustments of a normal, recurring nature necessary to fairly state our financial position, results of operations and cash flows. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2021 or subsequent periods due to seasonal variations and other factors. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Green Brick Partners, Inc., its controlled subsidiaries, and variable interest entities (“VIEs”) in which Green Brick Partners, Inc. or one of its controlled subsidiaries is deemed to be the primary beneficiary (together, the “Company”, “we”, or “Green Brick”). All intercompany balances and transactions have been eliminated in consolidation. The Company uses the equity method of accounting for its investments in unconsolidated entities over which it exercises significant influence but does not have a controlling interest. Under the equity method, the Company’s share of the unconsolidated entities’ earnings or losses, if any, is included in the condensed consolidated statements of income. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, including the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. For a complete set of the Company’s significant accounting policies, refer to Note 1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Recent Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740, Income Taxes related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2020, with early adoption permitted. The Company adopted the standard on January 1, 2021. The adoption of ASU 2019-12 had no impact on the Company’s consolidated financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Green Brick Partners, Inc., its controlled subsidiaries, and variable interest entities (“VIEs”) in which Green Brick Partners, Inc. or one of its controlled subsidiaries is deemed to be the primary beneficiary (together, the “Company”, “we”, or “Green Brick”). All intercompany balances and transactions have been eliminated in consolidation.
Equity Method Investments [Policy Text Block]	The Company uses the equity method of accounting for its investments in unconsolidated entities over which it exercises significant influence but does not have a controlling interest. Under the equity method, the Company’s share of the unconsolidated entities’ earnings or losses, if any, is included in the condensed consolidated statements of income.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740, Income Taxes related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2020, with early adoption permitted. The Company adopted the standard on January 1, 2021. The adoption of ASU 2019-12 had no impact on the Company’s consolidated financial statements.
Reclassifications

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Combination	The Company has a noncontrolling interest attributable to the 20% minority interest in GRBK GHO Homes, LLC (“GRBK GHO”) owned by our Florida-based partner that is included as redeemable noncontrolling interest in equity of consolidated subsidiary in the Company’s condensed consolidated financial statements. The following tables show the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three months ended March 31, 2021 and 2020 (in thousands): Three Months Ended March 31, 2021 2020 Redeemable noncontrolling interest, beginning of period $ 13,543 $ 13,611 Net income attributable to redeemable noncontrolling interest partner 329 556 Change in fair value of redeemable noncontrolling interest 1,829 (2,755) Redeemable noncontrolling interest, end of period $ 15,701 $ 11,412 Contingent Consideration

Equity

Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stockholders' Equity Note Disclosure	6. STOCKHOLDERS’ EQUITY 2021 Share Repurchase Program On March 1, 2021, the Company’s Board of Directors (the “Board”) authorized a new $50.0 million stock repurchase program (the “Repurchase Plan”). The Repurchase Plan authorizes the Company to purchase from time to time on or prior to December 31, 2022, up to $50.0 million of our outstanding common stock through open market repurchases in compliance with

Net Income Attributable to Gree

Net Income Attributable to Green Brick Partners, Inc. Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Net Income Attributable to Green Brick Partners, Inc. Per Share	EARNINGS PER SHARE The Company’s Restricted Stock Awards (“RSAs”) have the right to receive forfeitable dividends on an equal basis with common stock and therefore are not considered participating securities that must be included in the calculation of net income per share using the two-class method. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during each period, adjusted for nonvested shares of RSAs during each period. Diluted earnings per share is calculated using the treasury stock method and includes the effect of all dilutive securities, including stock options and RSAs. The computation of basic and diluted net income attributable to Green Brick Partners, Inc. per share is as follows (in thousands, except per share amounts): Three Months Ended March 31, 2021 2020 Net income attributable to Green Brick Partners, Inc. $ 25,969 $ 15,917 Weighted-average number of shares outstanding - basic 50,633 50,454 Basic net income attributable to Green Brick Partners, Inc. per share $ 0.51 $ 0.32 Weighted-average number of shares outstanding - basic 50,633 50,454 Dilutive effect of stock options and restricted stock awards 360 192 Weighted-average number of shares outstanding - diluted 50,993 50,646 Diluted net income attributable to Green Brick Partners, Inc. per share $ 0.51 $ 0.31 During the three months ended March 31, 2021 and 2020, there were no shares which could potentially dilute earnings per share in the future and that were not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Inventory	INVENTORY A summary of inventory is as follows (in thousands): March 31, 2021 December 31, 2020 Homes completed or under construction $ 466,128 $ 356,706 Land and lots - developed and under development 440,622 482,371 Land held for sale 14,140 5,558 Total inventory $ 920,890 $ 844,635 A summary of interest costs incurred, capitalized and expensed is as follows (in thousands): Three Months Ended March 31, 2021 2020 Interest capitalized at beginning of period $ 17,520 $ 18,596 Interest incurred 2,851 2,959 Interest charged to cost of revenues (1,991) (2,679) Interest capitalized at end of period $ 18,380 $ 18,876 Capitalized interest as a percentage of inventory 2.0 % 2.4 % As of March 31, 2021, the Company reviewed the performance and outlook for all of its communities for indicators of potential impairment and performed detailed impairment analysis when necessary. As of March 31, 2021, the Company did not identify any selling communities with indicators of impairment. For the three months ended March 31, 2021, the Company did not record an impairment adjustment to reduce the carrying value of impaired communities to fair value.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	3 Months Ended
	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	INVESTMENT IN UNCONSOLIDATED ENTITIES A summary of the Company’s investments in unconsolidated entities is as follows (in thousands): March 31, 2021 December 31, 2020 GB Challenger, LLC $ 31,239 $ 29,488 GBTM Sendera, LLC 9,838 9,846 EJB River Holdings, LLC 5,295 5,296 Green Brick Mortgage, LLC 1,408 1,207 BHome Mortgage, LLC 677 606 Total investment in unconsolidated entities $ 48,457 $ 46,443 A summary of the unaudited condensed financial information of the six unconsolidated entities that are accounted for by the equity method is as follows (in thousands): March 31, 2021 December 31, 2020 Assets: Cash $ 13,226 $ 12,765 Accounts receivable 2,109 1,815 Bonds and notes receivable 5,942 5,942 Loans held for sale, at fair value 20,309 14,530 Inventory 132,192 122,819 Other assets 9,858 8,377 Total assets $ 183,636 $ 166,248 Liabilities: Accounts payable $ 6,445 $ 7,171 Accrued expenses and other liabilities 12,624 11,148 Notes payable 75,266 60,642 Total liabilities $ 94,335 $ 78,961 Owners’ equity: Green Brick $ 45,484 $ 43,451 Others 43,817 43,836 Total owners’ equity $ 89,301 $ 87,287 Total liabilities and owners’ equity $ 183,636 $ 166,248 Three Months Ended March 31, 2021 2020 Revenues $ 39,721 $ 35,365 Costs and expenses 31,951 29,815 Net earnings of unconsolidated entities $ 7,770 $ 5,550 Company’s share in net earnings of unconsolidated entities $ 3,891 $ 2,565

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt Disclosure	. DEBT Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of March 31, 2021 and December 31, 2020 consisted of the following (in thousands): March 31, 2021 December 31, 2020 Secured Revolving Credit Facility $ 5,000 $ 7,000 Unsecured Revolving Credit Facility — 101,000 Debt issuance costs, net of amortization (1,191) (1,313) Total borrowings on lines of credit, net $ 3,809 $ 106,687 Secured Revolving Credit Facility The Company is party to a revolving credit facility (the “Secured Revolving Credit Facility”) with Inwood National Bank, which provides for an aggregate commitment amount of $35.0 million. On May 22, 2020, the Company amended the Secured Revolving Credit Facility to reduce the aggregate commitment amount of $75.0 million to $35.0 million. Amounts outstanding under the Secured Revolving Credit Facility are secured by mortgages on real property and security interests in certain personal property (to the extent that such personal property is connected with the use and enjoyment of the real property) that is owned by certain of the Company’s subsidiaries. The entire unpaid principal balance and any accrued but unpaid interest is due and payable on the maturity date. As of March 31, 2021, the maturity date of the Secured Revolving Credit Facility is May 1, 2022. As of March 31, 2021, letters of credit outstanding totaling $2.7 million reduced the aggregate maximum commitment amount to $32.3 million. As of March 31, 2021, the interest rate on outstanding borrowings under the Secured Revolving Credit Facility was 4.00% per annum. Unsecured Revolving Credit Facility The Company is party to a credit agreement, providing for a senior, unsecured revolving credit facility (the “Unsecured Revolving Credit Facility”). The Unsecured Revolving Credit Facility currently provides aggregate lending commitments of up to $265.0 million. As of March 31, 2021, the maximum aggregate amount of the Unsecured Revolving Credit Facility was $275.0 million, and the termination date with respect to commitments under the Unsecured Revolving Credit Facility was December 14, 2021 for $30.0 million, December 14, 2022 for $75.0 million, December 14, 2023 for $160.0 million out of the aggregate lending commitment of $265.0 million. In March 2021, the amount outstanding under the Unsecured Credit Facility was paid down to $0.0 million. Senior Unsecured Notes On August 8, 2019, the Company issued $75.0 million aggregate principal amount of senior unsecured notes (the“2026 Notes”) due on August 8, 2026 at a fixed rate of 4.00% per annum to Prudential Private Capital in a Section 4(a)(2) private placement transaction and received net proceeds of $73.3 million. A brokerage fee of approximately $1.5 million associated with the issuance was paid at closing. The brokerage fee, and other debt issuance costs of approximately $0.2 million, were deferred and reduced the amount of debt on our consolidated balance sheet. The Company used the net proceeds from the issuance of the 2026 Notes to repay borrowings under the Company’s existing revolving credit facilities. Principal on the 2026 Notes is required to be paid in increments of $12.5 million on August 8, 2024 and $12.5 million on August 8, 2025. The final principal payment of $50.0 million is due on August 8, 2026. Optional prepayment is allowed with payment of a “make-whole” penalty which fluctuates depending on market interest rates. Interest is payable quarterly in arrears commencing November 8, 2019. On August 26, 2020, the Company entered into a Note Purchase Agreement with The Prudential Insurance Company of America and Prudential Universal Reinsurance Company to issue a $37.5 million aggregate principal amount of senior unsecured notes (the“2027 Notes”) due on August 26, 2027 at a fixed rate of 3.35% per annum in a Section 4(a)(2) private placement transaction. The Company received net proceeds of $37.4 million and incurred debt issuance costs of approximately $0.1 million that were deferred and reduced the amount of debt on our condensed consolidated balance sheet. The Company used the net proceeds from the issuance of the 2027 Notes to repay borrowings under the Company’s existing revolving credit facilities and for general corporate purposes. Interest is payable quarterly in arrears commencing on November 26, 2020.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure	. INCOME TAXESThe Company’s income tax expense for the three months ended March 31, 2021 was $7.5 million, compared to $6.0 million in the three months ended March 31, 2020. The effective tax rate was 21.3% for the three months ended March 31, 2021, compared to 26.5% in the comparable prior year period. The change in the effective tax rate for the three months ended March 31, 2021 relates primarily to the impact of projected noncontrolling interest for the year and a tax benefit from the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (“the 2019 Act”). The 2019 Act retroactively reinstated the federal energy efficient homes tax credit that expired on December 31, 2017 to homes closed from January 1, 2018 to December 31, 2020. In December 2020, Congress approved the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which extended the federal energy efficient homes tax credit to December 31, 2021.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021USD ($)
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair Value of Financial Instruments The Company’s financial instruments, none of which are held for trading purposes, include cash and cash equivalents, restricted cash, receivables, earnest money deposits, other assets, accounts payable, accrued expenses, customer and builder deposits, borrowings on lines of credit, senior unsecured notes, and contingent consideration liability. Per the fair value hierarchy, level 1 financial instruments include: cash and cash equivalents, restricted cash, receivables, earnest money deposits, other assets, accounts payable, accrued expenses, and customer and builder deposits due to their short-term nature. The Company estimates that, due to the short-term nature of the underlying financial instruments or the proximity of the underlying transaction to the applicable reporting date, the fair value of level 1 financial instruments does not differ materially from the aggregate carrying values recorded in the condensed consolidated financial statements as of March 31, 2021 and December 31, 2020. Level 2 financial instruments include borrowings on lines of credit and senior unsecured notes. Due to the short-term nature and floating interest rate terms, the carrying amounts of borrowings on lines of credit are deemed to approximate fair value. The estimated fair value of the senior unsecured notes as of March 31, 2021 was $253.5 million. The fair value of the contingent consideration liability related to the GRBK GHO business combination was estimated using the internally developed discounted cash flow analysis. As the measurement of the contingent consideration is based primarily on significant inputs not observable in the market, it represents a level 3 measurement. Key inputs in measuring the fair value of the contingent consideration liability are management’s projections of GRBK GHO’s net income and debt, and the annual discount rate of 16.5% that reflects the risk associated with achieving the milestones of the contingent consideration payments. The reconciliation of the beginning and ending balances for level 3 measurements is as follows (in thousands): Carrying Value Estimated Fair Value Contingent consideration liability, balance as of December 31, 2020 $ 368 $ 368 Change in fair value of contingent consideration — — Contingent consideration liability, balance as of March 31, 2021 $ 368 $ 368 There were no transfers between the levels of the fair value hierarchy for any of our financial instruments during the three months ended March 31, 2021. Fair Value of Nonfinancial Instruments Nonfinancial assets and liabilities include inventory which is measured at cost unless the carrying value is determined to be not recoverable in which case the affected instrument is written down to fair value. The fair value of inventory is primarily determined by discounting the estimated future cash flow of each community using various unobservable inputs in our impairment analysis. Per the fair value hierarchy, these items are level 3 nonfinancial instruments. For additional information on the Company’s inventory, refer to Note 2.
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	$ 0
Measurement Input, Discount Rate [Member] | GHO Homes [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	0.165

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. COMMITMENTS AND CONTINGENCIES Letters of Credit and Performance Bonds During the ordinary course of business, certain regulatory agencies and municipalities require the Company to post letters of credit or performance bonds related to development projects. As of March 31, 2021 and December 31, 2020, letters of credit and performance bonds outstanding were $10.2 million and $9.8 million, respectively. The Company does not believe that it is likely that any material claims will be made under a letter of credit or performance bond in the foreseeable future. Warranties Warranty accruals are included within accrued expenses on the condensed consolidated balance sheets. Warranty activity during the three months ended March 31, 2021 and 2020 consisted of the following (in thousands): Three Months Ended March 31, 2021 2020 Warranty accrual, beginning of period $ 6,407 $ 3,840 Warranties issued 1,100 840 Changes in liability for existing warranties 39 (87) Settlements (685) (420) Warranty accrual, end of period $ 6,861 $ 4,173 Operating Leases The Company has leases associated with office and design center space in Georgia, Texas, and Florida that, at the commencement date, have a lease term of more than 12 months and are classified as operating leases. The exercise of any extension options available in such operating lease contracts is not reasonably certain. Operating lease cost of $0.3 million and $0.3 million for the three months ended March 31, 2021 and 2020, respectively, is included in selling, general and administrative expenses in the condensed consolidated statements of income. Cash paid for amounts included in the measurement of operating lease liabilities was $0.3 million and $0.3 million, respectively, for the three months ended March 31, 2021 and 2020. As of March 31, 2021, the weighted-average remaining lease term and the weighted-average discount rate used in calculating our lease liabilities were 3.0 years and 4.8%, respectively. The future annual undiscounted cash flows in relation to the operating leases and a reconciliation of such undiscounted cash flows to the operating lease liabilities recognized in the condensed consolidated balance sheet as of March 31, 2021 are presented below (in thousands): Remainder of 2021 $ 758 2022 816 2023 1,216 2024 86 2025 87 Thereafter 66 Total future lease payments $ 3,029 Less: Interest 740 Present value of lease liabilities $ 2,289 The Company elected the short-term lease recognition exemption for all leases that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. For such leases, the Company does not recognize right-of-use assets or lease liabilities and instead recognizes lease payments in the condensed consolidated income statements on a straight-line basis. Short-term lease cost of $0.2 million and $0.1 million for the three months ended March 31, 2021 and 2020, respectively, is included in selling, general and administrative expenses in the condensed consolidated statements of income. Legal Matters Lawsuits, claims and proceedings may be instituted or asserted against us in the normal course of business. The Company is also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, title company regulations, employment practices and environmental protection. As a result, the Company may be subject to periodic examinations or inquiry by agencies administering these laws and regulations. The Company records an accrual for legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. The Company accrues for these matters based on facts and circumstances specific to each matter and revises these estimates when necessary.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Financial information relating to the Company’s reportable segments is as follows. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Three Months Ended March 31, (in thousands) 2021 2020 Revenues: (1) Builder operations Central $ 158,386 $ 123,425 Southeast 68,684 67,762 Total builder operations 227,070 191,187 Land development 7,409 22,080 Total revenues $ 234,479 $ 213,267 Gross profit: Builder operations Central $ 43,889 $ 31,195 Southeast 19,049 18,258 Total builder operations 62,938 49,453 Three Months Ended March 31, (in thousands) 2021 2020 Land development 1,780 5,598 Corporate, other and unallocated (2) (5,729) (6,082) Total gross profit $ 58,989 $ 48,969 Income before income taxes: Builder operations Central $ 24,858 $ 11,967 Southeast 10,163 8,743 Total builder operations 35,021 20,710 Land development 1,844 5,539 Corporate, other and unallocated (3) (1,603) (3,493) Income before income taxes $ 35,262 $ 22,756 March 31, 2021 December 31, 2020 Inventory: Builder operations Central $ 468,724 $ 421,477 Southeast 220,979 183,623 Total builder operations 689,703 605,100 Land development 203,645 213,555 Corporate, other and unallocated (4) 27,542 25,980 Total inventory $ 920,890 $ 844,635 Goodwill: Builder operations - Southeast $ 680 $ 680 (1) The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the three months ended March 31, 2021 were $9.8 million compared to $0.0 million for the three months ended March 31, 2020. (2) Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments. (3) Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries. (4) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.

Related Party Disclosures

Related Party Disclosures	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS During the three months ended March 31, 2021 and 2020, the Company had the following related party transactions in the normal course of business. Corporate Officers Trevor Brickman, the son of Green Brick’s Chief Executive Officer, is the President of CLH20, LLC (“Centre Living”). Green Brick’s ownership interest in Centre Living is 90% and Trevor Brickman’s ownership interest is 10%. Green Brick has 90% voting control over the operations of Centre Living. As such, 100% of Centre Living’s operations are included within our condensed consolidated financial statements. GRBK GHO GRBK GHO leases office space from entities affiliated with the president of GRBK GHO. During the three months ended March 31, 2021, GRBK GHO incurred de minimis rent expense under such lease agreements. As of March 31, 2021, there were no amounts due to the affiliated entities related to such lease agreements.

Compensation Related Costs, Sha

Compensation Related Costs, Share Based Payments	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement	SHARE-BASED COMPENSATION Share-Based Award Activity During the three months ended March 31, 2021, the Company granted stock awards (“SAs”) under its 2014 Omnibus Equity Incentive Plan to executive officers (“EOs”). The SAs granted to the EOs were 100% vested and non-forfeitable on the grant date. The fair value of the SAs granted to EOs was recorded as share-based compensation expense on the grant date. The Company withheld 41,318 shares of common stock from EOs, at a total cost of $0.8 million, to satisfy statutory minimum tax requirements upon grant of the SAs. Employee Stock Awards On March 1, 2021, the Company’s Board of Directors approved an incentive program for eligible employees to participate in the Company’s new restricted stock award plan. This plan is being offered pursuant to the Company’s 2014 Omnibus Equity Incentive Plan. The Company incurred de minimis compensation expense related to these awards as of March 31, 2021. A summary of share-based awards activity during the three months ended March 31, 2021 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share (in thousands) Nonvested, December 31, 2020 45 $ 12.33 Granted 112 $ 21.82 Vested (112) $ 21.82 Forfeited — $ — Nonvested, March 31, 2021 45 $ 12.33 Stock Options A summary of stock options activity during the three months ended March 31, 2021 is as follows: Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (in years) (in thousands) Options outstanding, December 31, 2020 500 $ 7.49 Granted — Exercised — — Forfeited — — Options outstanding, March 31, 2021 500 $ 7.49 3.58 $ 7,595 Options exercisable, March 31, 2021 500 $ 7.49 3.58 $ 7,595

Significant Accounting Polici_2

Significant Accounting Policies Changes in Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting [Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and applicable regulations of the Securities and Exchange Commission (“SEC”), but do not include all of the information and footnotes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2020 was derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. In the opinion of management, the accompanying unaudited condensed consolidated financial statements for the periods presented reflect all adjustments of a normal, recurring nature necessary to fairly state our financial position, results of operations and cash flows. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2021 or subsequent periods due to seasonal variations and other factors.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, including the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

Business Combination (Tables)

Business Combination (Tables) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Business Combination, Separately Recognized Transactions [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	$ 15,701	$ 11,412		$ 13,611
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	329	556
Temporary Equity, Accretion to Redemption Value	$ (1,829)	$ (2,755)
Redeemable Noncontrolling Interest [Table Text Block]	The following tables show the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three months ended March 31, 2021 and 2020 (in thousands): Three Months Ended March 31, 2021 2020 Redeemable noncontrolling interest, beginning of period $ 13,543 $ 13,611 Net income attributable to redeemable noncontrolling interest partner 329 556 Change in fair value of redeemable noncontrolling interest 1,829 (2,755) Redeemable noncontrolling interest, end of period $ 15,701 $ 11,412
GHO Homes [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount			$ 13,543

Net Income Attributable to Gr_2

Net Income Attributable to Green Brick Partners, Inc. Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computation of basic and diluted net income attributable to Green Brick Partners, Inc. per share is as follows (in thousands, except per share amounts): Three Months Ended March 31, 2021 2020 Net income attributable to Green Brick Partners, Inc. $ 25,969 $ 15,917 Weighted-average number of shares outstanding - basic 50,633 50,454 Basic net income attributable to Green Brick Partners, Inc. per share $ 0.51 $ 0.32 Weighted-average number of shares outstanding - basic 50,633 50,454 Dilutive effect of stock options and restricted stock awards 360 192 Weighted-average number of shares outstanding - diluted 50,993 50,646 Diluted net income attributable to Green Brick Partners, Inc. per share $ 0.51 $ 0.31
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	shares which could potentially dilute earnings per share in the future and that were not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Real Estate Inventory	A summary of inventory is as follows (in thousands): March 31, 2021 December 31, 2020 Homes completed or under construction $ 466,128 $ 356,706 Land and lots - developed and under development 440,622 482,371 Land held for sale 14,140 5,558 Total inventory $ 920,890 $ 844,635
Summary of Real Estate Inventory Capitalized Interest Costs	A summary of interest costs incurred, capitalized and expensed is as follows (in thousands): Three Months Ended March 31, 2021 2020 Interest capitalized at beginning of period $ 17,520 $ 18,596 Interest incurred 2,851 2,959 Interest charged to cost of revenues (1,991) (2,679) Interest capitalized at end of period $ 18,380 $ 18,876 Capitalized interest as a percentage of inventory 2.0 % 2.4 %

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	A summary of the unaudited condensed financial information of the six unconsolidated entities that are accounted for by the equity method is as follows (in thousands): March 31, 2021 December 31, 2020 Assets: Cash $ 13,226 $ 12,765 Accounts receivable 2,109 1,815 Bonds and notes receivable 5,942 5,942 Loans held for sale, at fair value 20,309 14,530 Inventory 132,192 122,819 Other assets 9,858 8,377 Total assets $ 183,636 $ 166,248 Liabilities: Accounts payable $ 6,445 $ 7,171 Accrued expenses and other liabilities 12,624 11,148 Notes payable 75,266 60,642 Total liabilities $ 94,335 $ 78,961 Owners’ equity: Green Brick $ 45,484 $ 43,451 Others 43,817 43,836 Total owners’ equity $ 89,301 $ 87,287 Total liabilities and owners’ equity $ 183,636 $ 166,248 Three Months Ended March 31, 2021 2020 Revenues $ 39,721 $ 35,365 Costs and expenses 31,951 29,815 Net earnings of unconsolidated entities $ 7,770 $ 5,550 Company’s share in net earnings of unconsolidated entities $ 3,891 $ 2,565

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Lines of Credit Outstanding	Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of March 31, 2021 and December 31, 2020 consisted of the following (in thousands): March 31, 2021 December 31, 2020 Secured Revolving Credit Facility $ 5,000 $ 7,000 Unsecured Revolving Credit Facility — 101,000 Debt issuance costs, net of amortization (1,191) (1,313) Total borrowings on lines of credit, net $ 3,809 $ 106,687

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Warranty Activity	Warranty activity during the three months ended March 31, 2021 and 2020 consisted of the following (in thousands): Three Months Ended March 31, 2021 2020 Warranty accrual, beginning of period $ 6,407 $ 3,840 Warranties issued 1,100 840 Changes in liability for existing warranties 39 (87) Settlements (685) (420) Warranty accrual, end of period $ 6,861 $ 4,173
Schedule of Annual Minimum Operating Lease Payments	The future annual undiscounted cash flows in relation to the operating leases and a reconciliation of such undiscounted cash flows to the operating lease liabilities recognized in the condensed consolidated balance sheet as of March 31, 2021 are presented below (in thousands): Remainder of 2021 $ 758 2022 816 2023 1,216 2024 86 2025 87 Thereafter 66 Total future lease payments $ 3,029 Less: Interest 740 Present value of lease liabilities $ 2,289

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Financial information relating to the Company’s reportable segments is as follows. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Three Months Ended March 31, (in thousands) 2021 2020 Revenues: (1) Builder operations Central $ 158,386 $ 123,425 Southeast 68,684 67,762 Total builder operations 227,070 191,187 Land development 7,409 22,080 Total revenues $ 234,479 $ 213,267 Gross profit: Builder operations Central $ 43,889 $ 31,195 Southeast 19,049 18,258 Total builder operations 62,938 49,453 Three Months Ended March 31, (in thousands) 2021 2020 Land development 1,780 5,598 Corporate, other and unallocated (2) (5,729) (6,082) Total gross profit $ 58,989 $ 48,969 Income before income taxes: Builder operations Central $ 24,858 $ 11,967 Southeast 10,163 8,743 Total builder operations 35,021 20,710 Land development 1,844 5,539 Corporate, other and unallocated (3) (1,603) (3,493) Income before income taxes $ 35,262 $ 22,756 March 31, 2021 December 31, 2020 Inventory: Builder operations Central $ 468,724 $ 421,477 Southeast 220,979 183,623 Total builder operations 689,703 605,100 Land development 203,645 213,555 Corporate, other and unallocated (4) 27,542 25,980 Total inventory $ 920,890 $ 844,635 Goodwill: Builder operations - Southeast $ 680 $ 680 (1) The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the three months ended March 31, 2021 were $9.8 million compared to $0.0 million for the three months ended March 31, 2020. (2) Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments. (3) Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries. (4) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.

Compensation Related Costs, S_2

Compensation Related Costs, Share Based Payments (Tables)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Share-Based Awards Activity	A summary of share-based awards activity during the three months ended March 31, 2021 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share (in thousands) Nonvested, December 31, 2020 45 $ 12.33 Granted 112 $ 21.82 Vested (112) $ 21.82 Forfeited — $ — Nonvested, March 31, 2021 45 $ 12.33

Significant Accounting Polici_3

Significant Accounting Policies Leases, Adoption of ASC 842 (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Liability	$ 2,289	$ 2,591
Operating Lease, Right-of-Use Asset	$ 2,257	$ 2,538

Business Combination (Narrative

Business Combination (Narrative) (Details) - USD ($) $ in Millions	Apr. 01, 2021	Mar. 31, 2021
Business Combinations [Abstract]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low		$ 0
Business Combination, Separately Recognized Transactions [Line Items]
Payment for Contingent Consideration Liability, Operating Activities	$ 0.1
GHO Homes [Member]
Business Combinations [Abstract]
Ownership percentage by noncontrolling owners		20.00%
Business Combination, Separately Recognized Transactions [Line Items]
Ownership percentage by noncontrolling owners		20.00%

Equity (Details)

Equity (Details) $ in Millions	Mar. 01, 2021USD ($)
Equity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 50

Net Income Attributable to Gr_3

Net Income Attributable to Green Brick Partners, Inc. Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income attributable to Green Brick Partners, Inc.	$ 25,969	$ 15,917
Weighted-average number of shares outstanding —basic (in shares)	50,633	50,454
Basic net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 0.51	$ 0.32
Dilutive effect of stock options and restricted stock awards (in shares)	360	192
Weighted-average number of shares outstanding —diluted (in shares)	50,993	50,646
Diluted net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 0.51	$ 0.31

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished Homes and Homes under Construction	$ 466,128		$ 356,706
Inventory, Real Estate, Land and Land Development Costs	440,622		482,371
Inventory, Land Held-for-sale	14,140		5,558
Total inventory	$ 920,890		$ 844,635
Document Period End Date	Mar. 31, 2021
Earnest Money Deposits and Pre-acquisition Costs Written-Off	$ 43	$ 3,440

Inventory (Capitalization of In

Inventory (Capitalization of Interest) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized at beginning of period	$ 17,520	$ 18,596
Interest incurred	2,851	2,959
Interest charged to cost of revenues	(1,991)	(2,679)
Interest capitalized at end of period	$ 18,380	$ 18,876
Document Period End Date	Mar. 31, 2021
Capitalized interest as a percentage of inventory	2.00%	2.40%

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the three months ended March 31, 2021 and 2020 (in thousands): Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 157,378 $ 8,417 $ 123,425 $ 22,080 Southeast 59,858 8,826 67,762 — Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Type of Customer Homebuyers $ 217,236 $ — $ 191,187 $ — Homebuilders and Multi-family Developers — 17,243 — 22,080 Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Product Type Residential units $ 217,236 $ — $ 191,187 $ — Land and lots — 17,243 — 22,080 Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Timing of Revenue Recognition Transferred at a point in time $ 216,134 $ 17,243 $ 189,248 $ 22,080 Transferred over time 1,102 — 1,939 — Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Revenue recognized over time represents revenue from mechanic’s lien contracts.
Opening and Closing Contract Balances Included in Customer and Builder Deposits on Balance Sheet and Deposits Recognized as Revenue	Opening and closing contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands): March 31, 2021 December 31, 2020 Customer and builder deposits $ 56,073 $ 38,131 Three Months Ended March 31, 2021 2020 Type of Customer Homebuyers $ 6,616 $ 5,835 Homebuilders and Multi-Family Developers 1,109 3,641 Total deposits recognized as revenue $ 7,725 $ 9,476
Revenue Recognition	REVENUE RECOGNITION Disaggregation of Revenue The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the three months ended March 31, 2021 and 2020 (in thousands): Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 157,378 $ 8,417 $ 123,425 $ 22,080 Southeast 59,858 8,826 67,762 — Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Type of Customer Homebuyers $ 217,236 $ — $ 191,187 $ — Homebuilders and Multi-family Developers — 17,243 — 22,080 Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Product Type Residential units $ 217,236 $ — $ 191,187 $ — Land and lots — 17,243 — 22,080 Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Timing of Revenue Recognition Transferred at a point in time $ 216,134 $ 17,243 $ 189,248 $ 22,080 Transferred over time 1,102 — 1,939 — Total revenues $ 217,236 $ 17,243 $ 191,187 $ 22,080 Revenue recognized over time represents revenue from mechanic’s lien contracts. Contract Balances Opening and closing contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands): March 31, 2021 December 31, 2020 Customer and builder deposits $ 56,073 $ 38,131 The difference between the opening and closing balances of customer and builder deposits results from the timing difference between the customers’ payments of deposits and the Company’s performance, impacted slightly by terminations of contracts. The amount of deposits on residential units and land and lots held as of the beginning of the period and recognized as revenue during the three months ended March 31, 2021 and 2020 are as follows (in thousands): Three Months Ended March 31, 2021 2020 Type of Customer Homebuyers $ 6,616 $ 5,835 Homebuilders and Multi-Family Developers 1,109 3,641 Total deposits recognized as revenue $ 7,725 $ 9,476 Performance Obligations There was no revenue recognized during the three months ended March 31, 2021 and 2020 from performance obligations satisfied in prior periods. Transaction Price Allocated to the Remaining Performance Obligations The aggregate amount of transaction price allocated to the remaining performance obligations on our land sale and lot option contracts is $32.9 million. The Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands): Total Remainder of 2021 $ 25,164 2022 6,194 2023 1,525 Total $ 32,883 The timing of lot takedowns is contingent upon a number of factors, including customer needs, the number of lots being purchased, receipt of acceptance of the plat by the municipality, weather-related delays, and agreed-upon lot takedown schedules. Our contracts with homebuyers have a duration of less than one year. As such, the Company uses the practical expedient as allowed under ASC 606, Revenue from Contracts with Customers,
Disaggregation of Revenue [Line Items]
Total revenues	$ 234,479,000	$ 213,267,000
Revenue recognized	7,725,000	9,476,000
Revenue recognized from performance obligations satisfied in prior periods	0
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	15,701,000	11,412,000		$ 13,611,000
Contract with Customer, Liability	56,073,000		$ 38,131,000
Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	217,236,000	191,187,000
Residential Real Estate [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	216,134,000	189,248,000
Residential Real Estate [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,102,000	1,939,000
Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	17,243,000	22,080,000
Real Estate, Other [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	17,243,000	22,080,000
Real Estate, Other [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Homebuilders [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Revenue recognized	1,109,000	3,641,000
Homebuilders [Member] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	17,243,000	22,080,000
Homebuyers [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	217,236,000	191,187,000
Revenue recognized	6,616,000	5,835,000
Homebuyers [Member] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Central | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	157,378,000	123,425,000
Central | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,417,000	22,080,000
Southeast [Domain] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	59,858,000	67,762,000
Southeast [Domain] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,826,000	0
Home Building Member
Disaggregation of Revenue [Line Items]
Total revenues	227,070,000	191,187,000
Home Building Member | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	9,800,000
Home Building Member | Land and Lots [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Home Building Member | Southeast [Domain]
Disaggregation of Revenue [Line Items]
Total revenues	68,684,000	67,762,000
Land Subdividers and Developers
Disaggregation of Revenue [Line Items]
Total revenues	7,409,000	22,080,000
Land Subdividers and Developers | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 0	$ 0

Revenue Recognition (Transactio

Revenue Recognition (Transaction Price Allocated to Remaining Performance Obligations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Remaining Performance Obligation, Expected Timing of Satisfaction	he Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands): Total Remainder of 2021 $ 25,164 2022 6,194 2023 1,525 Total $ 32,883
Revenue, Practical Expedient, Remaining Performance Obligation, Description	Our contracts with homebuyers have a duration of less than one year. As such, the Company uses the practical expedient as allowed under ASC 606, Revenue from Contracts with Customers, and therefore has not disclosed the transaction price allocated to remaining performance obligations as of the end of the reporting period.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 32,883
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	834	$ 592
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 25,164
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 6,194
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 1,525
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Investment in Unconsolidated _3

Investment in Unconsolidated Entities (Summary of Financial Information of Investment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	$ 3,891	$ 2,565
Assets	1,079,916		$ 988,847
Liabilities	387,454		325,895
Stockholders' Equity Attributable to Parent	666,131	542,982	640,242	$ 523,168
Stockholders' Equity Attributable to Noncontrolling Interest	10,630	10,900	9,167	13,227
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	676,761	553,882	649,409	536,395
Liabilities and Equity	1,079,916		988,847
Total revenues	234,479	213,267
Net income	27,761	16,716
Cash		105,860		33,269
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	10,630	10,900	9,167	13,227
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	676,761	553,882	649,409	536,395
Total revenues	234,479	213,267
Net income	27,761	16,716
Equity in income of unconsolidated entities	3,891	2,565
Assets	1,079,916		988,847
Cash		105,860		33,269
Liabilities	387,454		325,895
Stockholders' Equity Attributable to Parent	666,131	542,982	640,242	$ 523,168
Liabilities and Equity	1,079,916		988,847
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	3,891	2,565
Assets	183,636		166,248
Liabilities	94,335		78,961
Stockholders' Equity Attributable to Parent	45,484		43,451
Stockholders' Equity Attributable to Noncontrolling Interest	43,817		43,836
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	89,301		87,287
Liabilities and Equity	183,636		166,248
Total revenues	39,721	35,365
Net income	7,770	5,550
Cash	13,226		12,765
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	43,817		43,836
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	89,301		87,287
Total revenues	39,721	35,365
Net income	7,770	5,550
Equity in income of unconsolidated entities	3,891	2,565
Accounts and Other Receivables, Net, Current	2,109		1,815
Financing Receivable, after Allowance for Credit Loss	5,942		5,942
Financing Receivable, Held-for-Sale	20,309		14,530
Inventory, Net	132,192		122,819
Other Assets, Current	9,858		8,377
Accounts Payable, Current	6,445		7,171
Accrued Liabilities, Current	12,624		11,148
Notes Payable, Current	75,266		60,642
Costs and Expenses	31,951	$ 29,815
Assets	183,636		166,248
Cash	13,226		12,765
Liabilities	94,335		78,961
Stockholders' Equity Attributable to Parent	45,484		43,451
Liabilities and Equity	$ 183,636		$ 166,248

Investment in Unconsolidated _4

Investment in Unconsolidated Entities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Goodwill	$ 680		$ 680
Investments in unconsolidated entities	48,457		$ 46,443
Equity in income of unconsolidated entity	$ 3,891	$ 2,565

Investment in Unconsolidated _5

Investment in Unconsolidated Entities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	$ 3,891	$ 2,565
Investments in unconsolidated entities	48,457		$ 46,443
GB Challenger, LLC
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	2,750	1,761
Green Brick Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	1,088	789
Investments in unconsolidated entities	1,408		1,207
EJB River Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	(1)
Investments in unconsolidated entities	5,295		5,296
GBTM Sendera, LLC
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	(17)
BHome Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	71
Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	3,891	$ 2,565
Challenger
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	31,239		29,488
GBTM Sendera
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	9,838		9,846
BHome Mortgage
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	677		606
Providence Group Title, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$ 48,457		$ 46,443

Debt (Schedule of Lines of Cred

Debt (Schedule of Lines of Credit Outstanding) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	May 22, 2020	Dec. 15, 2015	Jul. 30, 2015
Line of Credit Facility [Line Items]
Document Period End Date	Mar. 31, 2021
Long-term Line of Credit	$ 3,809,000	$ 106,687,000
Debt issuance costs, net of amortization	(1,191,000)	(1,313,000)
Letters of Credit Outstanding, Amount	10,200,000	9,800,000
Line of Credit Facility, Remaining Borrowing Capacity	32,300,000
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit				$ 265,000,000
Line of Credit Facility, Maximum Borrowing Capacity	275,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	5,000,000	7,000,000
Line of Credit Facility, Maximum Borrowing Capacity	35,000,000		$ 75		$ 35,000,000
Letters of Credit Outstanding, Amount	2,700,000
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 0	$ 101,000,000

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Feb. 25, 2021	Aug. 26, 2020	Aug. 08, 2019	Mar. 31, 2021	Mar. 31, 2020	Aug. 08, 2026	Aug. 08, 2025	Aug. 08, 2024	Dec. 31, 2020	May 22, 2020	Dec. 15, 2015	Jul. 30, 2015
Debt Instrument [Line Items]
Document Period End Date				Mar. 31, 2021
Debt Instrument, Interest Rate, Stated Percentage			4.00%
Proceeds from Issuance of Senior Long-term Debt			$ 73,300,000
Debt Instrument, Fee Amount			1,500,000
Payments of Debt Issuance Costs	$ 600,000	$ 100,000	200,000	$ 595,000	$ 0
Costs associated with amendment				1,191,000					$ 1,313,000
Borrowings on lines of credit				3,809,000					106,687,000
Line of Credit Facility, Remaining Borrowing Capacity				32,300,000
Senior Notes			$ 75,000,000	235,561,000					111,056,000
Letters of Credit Outstanding, Amount				10,200,000					9,800,000
Proceeds from Unsecured Notes Payable	124,400,000	37,400,000		125,000,000	$ 0
Unsecured Debt	$ 125,000,000	$ 37,500,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				275,000,000
Borrowings on lines of credit											$ 265,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				35,000,000						$ 75		$ 35,000,000
Borrowings on lines of credit				$ 5,000,000					$ 7,000,000
Line of Credit Facility, Interest Rate at Period End				4.00%
Letters of Credit Outstanding, Amount				$ 2,700,000
Forecast [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Rolling after Year Five						$ 50,000,000	$ 12,500,000	$ 12,500,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 7,501	$ 6,040
Effective tax rate	21.30%	26.50%

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Carrying Value and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Apr. 01, 2021	Mar. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis		The reconciliation of the beginning and ending balances for level 3 measurements is as follows (in thousands): Carrying Value Estimated Fair Value Contingent consideration liability, balance as of December 31, 2020 $ 368 $ 368 Change in fair value of contingent consideration — — Contingent consideration liability, balance as of March 31, 2021 $ 368 $ 368
Contingent consideration		$ 368	$ 368
Payment for Contingent Consideration Liability, Operating Activities	$ (100)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		0
Debt Instrument, Fair Value Disclosure		$ 253,500

Commitments and Contingencies_2

Commitments and Contingencies (Warranty activity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Letters of Credit Outstanding, Amount	$ 10,200		$ 9,800
Movement in Standard Product Warranty Accrual [Roll Forward]
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties	39	$ (87)
Accrued Expenses
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	6,407	3,840
Warranties issued	1,100	840
Settlements	(685)	(420)
Warranty accrual, end of period	$ 6,861	$ 4,173

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Annual Minimum Operating Lease Payments) (Details) - USD ($) $ in Thousands	Apr. 01, 2021	Mar. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Liability		$ 2,289	$ 2,591
Remainder of 2021		758
Operating Leases, Future Minimum Payments, Due in Two Years		1,216
Lessee, Operating Lease, Liability, Payments, Due Year Three		86
2021		87
Total future lease payments		3,029
Lessee, Operating Lease, Liability, to be Paid, Year One		816
Lessee, Operating Lease, Liability, to be Paid, after Year Five		66
Lessee, Operating Lease, Liability, Undiscounted Excess Amount		$ 740
Payment for Contingent Consideration Liability, Operating Activities	$ 100

Commitments and Contingencies O

Commitments and Contingencies Operating Leases Disclosures - ASC 842 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Earnest Money Deposits and Pre-acquisition Costs Written-Off	$ 43	$ 3,440
Short-term Lease, Cost	200	100
Operating Lease, Expense	300	300
Operating Lease, Payments	$ 300	$ 300
Operating Lease, Weighted Average Remaining Lease Term	3 years
Operating Lease, Weighted Average Discount Rate, Percent	4.80%

Commitments and Contingencies_4

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Letters of Credit Outstanding, Amount	$ 10,200	$ 9,800

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Entity Emerging Growth Company	false
Revenues:
Total revenues	$ 234,479	$ 213,267
Gross profit:
Gross Profit	(58,989)	(48,969)
Income before income taxes:
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	35,262	22,756
Inventory
Inventory	920,890		$ 844,635
Goodwill
Goodwill	680		680
Inventory	920,890		844,635
Corporate and Other [Member]
Gross profit:
Gross Profit	5,729	6,082
Income before income taxes:
Results of Operations, Income before Income Taxes	(1,603)	(3,493)
Goodwill
Inventory	27,542		25,980
Southeast [Domain]
Goodwill
Goodwill	680		680
Home Building Member
Revenues:
Total revenues	227,070	191,187
Gross profit:
Gross Profit	(62,938)	(49,453)
Income before income taxes:
Results of Operations, Income before Income Taxes	35,021	20,710
Goodwill
Inventory	689,703		605,100
Home Building Member | Southeast [Domain]
Revenues:
Total revenues	68,684	67,762
Gross profit:
Gross Profit	(19,049)	(18,258)
Income before income taxes:
Results of Operations, Income before Income Taxes	10,163	8,743
Goodwill
Inventory	220,979		183,623
Home Building Member | Central
Gross profit:
Gross Profit	(43,889)	(31,195)
Income before income taxes:
Results of Operations, Income before Income Taxes	24,858	11,967
Goodwill
Inventory	468,724		421,477
Home Building Member | Central America
Revenues:
Total revenues	158,386	123,425
Land Subdividers and Developers
Revenues:
Total revenues	7,409	22,080
Gross profit:
Gross Profit	(1,780)	(5,598)
Income before income taxes:
Results of Operations, Income before Income Taxes	1,844	5,539
Goodwill
Inventory	203,645		$ 213,555
Real Estate, Other [Member]
Revenues:
Total revenues	17,243	22,080
Real Estate, Other [Member] | Southeast [Domain]
Revenues:
Total revenues	8,826	0
Real Estate, Other [Member] | Central
Revenues:
Total revenues	8,417	22,080
Real Estate, Other [Member] | Home Building Member
Revenues:
Total revenues	9,800
Residential Real Estate [Member]
Revenues:
Total revenues	217,236	191,187
Residential Real Estate [Member] | Southeast [Domain]
Revenues:
Total revenues	59,858	67,762
Residential Real Estate [Member] | Central
Revenues:
Total revenues	157,378	123,425
Residential Real Estate [Member] | Land Subdividers and Developers
Revenues:
Total revenues	$ 0	$ 0

Related Party Disclosures (Deta

Related Party Disclosures (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Related Party Transaction [Line Items]
Contributions of LLC Members	$ 0	$ 400,000
Centre Living
Related Party Transactions [Abstract]
Ownership percentage by noncontrolling owners	10.00%
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	10.00%
Ownership percentage by parent	90.00%
Office Space Lease Agreements
Related Party Transactions [Abstract]
Amounts due to affiliates	$ 0
Related Party Transaction [Line Items]
Amounts due to affiliates	0
GHO Homes [Member]
Related Party Transactions [Abstract]
Amounts due to affiliates	0
Related Party Transaction [Line Items]
Amounts due to affiliates	$ 0

Compensation Related Costs, S_3

Compensation Related Costs, Share Based Payments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 12.33		$ 12.33
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	45,000		45,000
Granted (in dollars per share)	$ 21.82
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	41,318	75,708
Share-based compensation expense	$ 2,583	$ 1,734
Share-based Payment Arrangement, Expense, Tax Benefit	600	400
Compensation cost not yet recognized	$ 100
Period for recognition	2 months 12 days
Percentage of awards vested and forfeitable at time of grant	100.00%
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 834	592
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	112,000
Vested (in dollars per share)	$ 21.82
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Forfeited (in dollars per share)	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	112,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 834	592
Document Period End Date	Mar. 31, 2021
Percentage of awards vested and forfeitable at time of grant	100.00%
Share-based compensation expense	$ 2,583	1,734
Document Period End Date	Mar. 31, 2021
Common Stock [Member]
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (1)	(1)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(1)	(1)
Additional Paid-in Capital [Member]
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	833	(591)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 833	$ (591)