Green Brick Partners (GRBK) 10-Q31 Jul 242024 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2024	Jul. 25, 2024
Entity Information [Line Items]
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	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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		44,496,772
Entity Shell Company	false
Entity File Number	001-33530
Entity Address, Address Line One	5501 Headquarters Drive, Suite 300W
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75024
City Area Code	(469)
Local Phone Number	573-6755
Entity Small Business	false
Common Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	GRBK
Security Exchange Name	NYSE
Series A Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing a 1/1000th interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share)
Trading Symbol	GRBK PRA
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 133,294	$ 179,756
Restricted cash	24,882	19,703
Receivables	14,703	10,632
Inventory	1,792,056	1,533,223
Investments in unconsolidated entities	36,557	84,654
Right-of-use assets - operating leases	7,825	7,255
Property and equipment, net	6,975	7,054
Earnest money deposits	14,529	16,619
Deferred income tax assets, net	15,306	15,306
Intangible assets, net	324	367
Goodwill	680	680
Other assets	17,271	27,583
Total assets	2,064,402	1,902,832
Liabilities [Abstract]
Accounts payable	67,978	54,321
Accrued expenses	126,144	96,457
Customer and builder deposits	49,316	43,148
Lease liabilities - operating leases	8,756	7,898
Line of Credit, Current, After Adjustments	1,921	2,328
Senior unsecured notes, net	311,398	336,207
Notes payable	95	12,981
Total liabilities	561,766	548,684
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary	38,883	36,135
Green Brick Partners, Inc. stockholders’ equity
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,603	$ 47,603
Shares, Outstanding	44,897,775	45,005,175
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Value, Issued	$ 449	$ 450
Treasury Stock, Value	(17,192)	0
Additional paid-in capital	246,863	255,614
Retained earnings	1,161,512	997,037
Total Green Brick Partners, Inc. stockholders’ equity	1,439,235	1,300,704
Noncontrolling interests	24,518	17,309
Total equity	1,463,753	1,318,013
Total liabilities and equity	$ 2,064,402	$ 1,902,832

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical)	Jun. 30, 2024 $ / shares shares
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000
Preferred stock, shares issued (in shares)	2,000
Preferred stock, shares outstanding (in shares)	2,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.01
Common stock, shares authorized (in shares)	100,000,000
Common stock, shares issued (in shares)	44,897,775
Common stock, shares outstanding (in shares)	44,897,775

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total revenues	$ 560,631	$ 456,289	$ 1,007,969	$ 908,350
Total cost of revenues	370,965	313,354	670,046	640,809
Total gross profit	189,666	142,935	337,923	267,541
Selling, general and administrative expenses	57,602	49,229	108,172	95,174
Equity in income of unconsolidated entities	1,186	5,699	3,778	9,920
Other income, net	5,927	4,807	21,281	9,097
Income before income taxes	139,177	104,212	254,810	191,384
Income tax expense	23,896	23,148	48,738	42,179
Net income	115,281	81,064	206,072	149,205
Less: Net income attributable to noncontrolling interests	9,923	5,794	17,413	9,755
Net income attributable to Green Brick Partners, Inc.	$ 105,358	$ 75,270	$ 188,659	$ 139,450
Net income attributable to Green Brick Partners, Inc. per common share:
Basic (in dollars per share)	$ 2.34	$ 1.64	$ 4.18	$ 3.02
Diluted (in dollars per share)	$ 2.32	$ 1.63	$ 4.14	$ 3
Basic (in shares)	44,760	45,371	44,826	45,656
Diluted (in shares)	45,154	45,755	45,277	46,051
Residential Real Estate [Member]
Total revenues	$ 547,138	$ 454,445	$ 990,422	$ 904,807
Total cost of revenues	358,183	312,030	653,496	638,154
Real Estate, Other [Member]
Total revenues	13,493	1,844	17,547	3,543
Total cost of revenues	$ 12,782	$ 1,324	$ 16,550	$ 2,655

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	Treasury Stock, Common	Parent
Common stock, shares issued (in shares)	46,032,930
Common Stock, Value, Issued	$ 460
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,696
Preferred stock, shares outstanding (in shares)	2,000
Treasury Stock, Common, Shares	0
Treasury Stock, Value	$ 0
Additional paid-in capital	259,410
Retained Earnings (Accumulated Deficit)	754,341
Stockholders' Equity Attributable to Parent	1,061,907
Stockholders' Equity Attributable to Noncontrolling Interest	20,908
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,082,815
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	(209,196)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition							$ 1,029
Dividends	$ (1,438)			$ (1,438)			(1,438)
Stock Repurchased During Period, Value	(27,991)						(27,991)
Stock Repurchased and Retired During Period, Shares			803,591			803,591
Treasury Stock, Retired, Cost Method, Amount		$ (4,592)		(23,391)		$ (27,991)
Net income attributable to Green Brick Partners, Inc.	139,450			139,450			139,450
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					$ 6,296
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	145,746
Temporary Equity, Accretion to Redemption Value, Adjustment	(2,137)	(2,137)					(2,137)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ (5,233)	(5,230)	$ (3)				(5,233)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	(59,857)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (1,976)	1,975	1				(1,976)
Stock Repurchased During Period, Shares	(803,591)
Stock Repurchased and Retired During Period, Value			$ (8)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 11,056				11,056
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	$ 1,029	1,029
Common stock, shares issued (in shares)	46,211,430
Common Stock, Value, Issued	$ 462
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,696
Preferred stock, shares outstanding (in shares)	2,000
Treasury Stock, Common, Shares	(467,875)
Treasury Stock, Value	$ 15,351
Additional paid-in capital	263,545
Retained Earnings (Accumulated Deficit)	817,802
Stockholders' Equity Attributable to Parent	1,114,154
Stockholders' Equity Attributable to Noncontrolling Interest	12,448
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,126,602
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			(29,161)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	462	462					462
Dividends	(719)			(719)			(719)
Stock Repurchased During Period, Value	(12,640)					$ (12,640)	(12,640)
Stock Repurchased and Retired During Period, Shares			803,591			803,591
Treasury Stock, Retired, Cost Method, Amount	0	(4,592)	$ (8)	(23,391)		$ (27,991)	0
Noncontrolling Interest, Change in Redemption Value	2,450
Net income attributable to Green Brick Partners, Inc.	75,270			75,270			75,270
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					3,700
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	78,970
Temporary Equity, Accretion to Redemption Value, Adjustment	$ (2,450)	(2,450)					(2,450)
Stock Repurchased During Period, Shares						(335,716)
Common stock, shares issued (in shares)	45,378,678
Common Stock, Value, Issued	$ 454
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,696
Preferred stock, shares outstanding (in shares)	2,000
Preferred Stock, Value, Outstanding	$ 47,696
Treasury Stock, Common, Shares	0
Treasury Stock, Value	$ 0
Additional paid-in capital	256,965
Retained Earnings (Accumulated Deficit)	868,962
Stockholders' Equity Attributable to Parent	1,174,077
Stockholders' Equity Attributable to Noncontrolling Interest	16,148
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,190,225
Common stock, shares issued (in shares)	45,005,175
Common Stock, Value, Issued	$ 450
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,603
Preferred stock, shares outstanding (in shares)	2,000
Treasury Stock, Common, Shares	0
Treasury Stock, Value	$ 0
Additional paid-in capital	255,614
Retained Earnings (Accumulated Deficit)	997,037
Stockholders' Equity Attributable to Parent	1,300,704
Stockholders' Equity Attributable to Noncontrolling Interest	17,309
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,318,013
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			(636,777)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	1,292	1,292					1,292
Dividends	(1,438)			(1,438)			(1,438)
Stock Repurchased During Period, Value	(42,590)					$ (42,590)	(42,590)
Stock Repurchased and Retired During Period, Shares			459,656			459,656
Treasury Stock, Retired, Cost Method, Amount		(2,647)		(22,746)		$ (25,398)
Noncontrolling Interest, Change in Redemption Value	(1,965)	(1,965)					(1,965)
Net income attributable to Green Brick Partners, Inc.	188,659			188,659			188,659
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					13,994
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	202,653
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	(5,849)	(5,843)	$ (6)				(5,849)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			(284,521)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(11,276)	(11,274)	$ 2				(11,276)
Stock Repurchased During Period, Shares						(762,980)
Stock Repurchased and Retired During Period, Value			$ (5)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 6,785				6,785
Common stock, shares issued (in shares)	45,096,392
Common Stock, Value, Issued	$ 451
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,603
Preferred stock, shares outstanding (in shares)	2,000
Treasury Stock, Common, Shares	(71,241)
Treasury Stock, Value	$ 3,758
Additional paid-in capital	259,412
Retained Earnings (Accumulated Deficit)	1,079,619
Stockholders' Equity Attributable to Parent	1,383,327
Stockholders' Equity Attributable to Noncontrolling Interest	16,364
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,399,691
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			(500,000)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	779	779					779
Dividends	(719)			(719)			(719)
Stock Repurchased During Period, Value	(38,832)					$ (38,832)	(38,832)
Stock Repurchased and Retired During Period, Shares			459,656
Treasury Stock, Retired, Cost Method, Amount	0	(2,647)	$ (5)	(22,746)		$ (25,398)	0
Noncontrolling Interest, Change in Redemption Value	(1,565)	(1,565)					(1,565)
Net income attributable to Green Brick Partners, Inc.	105,358			$ 105,358			105,358
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					$ 8,154
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	113,512
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture		(5)	$ (5)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			(238,961)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (9,113)	$ (9,111)	$ (2)				$ 9,113
Stock Repurchased During Period, Shares						(691,739)
Treasury Stock, Shares, Retired						459,656
Common stock, shares issued (in shares)	44,897,775
Common Stock, Value, Issued	$ 449
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	$ 47,603
Preferred stock, shares outstanding (in shares)	2,000
Preferred Stock, Value, Outstanding	$ 47,603
Treasury Stock, Common, Shares	(303,324)
Treasury Stock, Value	$ 17,192
Additional paid-in capital	246,863
Retained Earnings (Accumulated Deficit)	1,161,512
Stockholders' Equity Attributable to Parent	1,439,235
Stockholders' Equity Attributable to Noncontrolling Interest	24,518
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,463,753

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 206,072	$ 149,205
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	2,375	1,584
Loss (gain) on disposal of property and equipment, net	71	(146)
Share-based compensation expense	7,144	5,966
Equity in income of unconsolidated entities	(3,778)	(9,920)
Allowances for option deposits and pre-acquisition costs	12	47
Equity Method Investment, Realized Gain (Loss) on Disposal	(10,718)
Distributions of income from unconsolidated entities	2,121	7,324
Changes in operating assets and liabilities:
Increase in receivables	(4,071)	(1,769)
(Increase) decrease in inventory	(258,236)	18,938
Decrease in earnest money deposits	2,090	7,773
Decrease in other assets	10,589	888
Increase in accounts payable	13,657	5,660
Increase in accrued expenses	29,683	10,479
Increase in customer and builder deposits	6,168	14,139
Net cash provided by operating activities	3,179	210,168
Proceeds from Sale of Equity Method Investments	63,960
Cash flows from investing activities:
Investments in unconsolidated entities	(3,488)	(4,980)
Purchase of property and equipment, net of disposals	(2,324)	(2,852)
Net cash provided by (used in) investing activities	58,148	(7,832)
Cash flows from financing activities:
Borrowings from lines of credit	0	22,000
Repayments of lines of credit	0	(42,000)
Repayments of Unsecured Debt	(25,000)	0
Proceeds from notes payable	0	63
Repayments of notes payable	(12,884)	(95)
Payments of debt issuance costs	0	(72)
Payments of withholding tax on vesting of restricted stock awards	(11,276)	(1,975)
Repurchases of common stock	(42,590)	(27,991)
Dividends paid	(1,438)	(1,438)
Distributions to redeemable noncontrolling interest	(2,637)	(1,840)
Distributions to noncontrolling interests	(6,785)	(11,056)
Net cash used in financing activities	(102,610)	(64,404)
Net (decrease) increase in cash and cash equivalents and restricted cash	(41,283)	137,932
Cash and cash equivalents and restricted cash, beginning of period	199,459	93,270
Cash and cash equivalents and restricted cash, end of period	158,176	231,202
Supplemental Cash Flow Information [Abstract]
Income Taxes Paid, Net	$ 27,716	$ 39,071

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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, 2023 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, 2023. 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, 2023. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024 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, (together, the “Company”, “we”, or “Green Brick”) and variable interest entities (“VIEs”) in which Green Brick Partners, Inc. or one of its controlled subsidiaries is deemed to be the primary beneficiary. 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, 2023. Recent Accounting Pronouncements Changes to U.S. GAAP are established by the FASB in the form of Accounting Standard Updates (“ASUs”) to the FASB ASC. We consider the applicability and impact of all ASUs and any not listed below were assessed and determined to be not applicable or are not expected to have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 (“ASU 2023-09”) Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public companies to annually disclose specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). ASU 2023-09 will be effective for the annual reporting periods in fiscal years beginning after December 15, 2024. The Company is currently evaluating ASU 2023-09 and does not expect it to have a material effect on the Company’s consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires disclosure of (i) significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the segment measure of profit or loss, (ii) an amount and description of its composition for other segment items to reconcile to segment profit or loss, and (iii) the title and position of the entity’s CODM. ASU 2023-07 will be applied retrospectively and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is currently reviewing the impact that the adoption of ASU 2023-07 may have on its Consolidated Financial Statements and disclosures.

Inventory

Inventory	6 Months Ended
Inventory	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventory	2. INVENTORY A summary of inventory is as follows (in thousands): June 30, 2024 December 31, 2023 Homes completed or under construction $ 646,153 $ 559,488 Land and lots - developed and under development 1,123,602 921,241 Land held for future development (1) 14,946 48,991 Land held for sale 7,355 3,503 Total inventory $ 1,792,056 $ 1,533,223 (1) Land held for future development consists of raw land parcels where development activities have been postponed due to market conditions or other factors. All applicable carrying costs, including property taxes, are expensed as incurred. As of June 30, 2024, the Company reviewed the performance and outlook for all of its communities and land inventory for indicators of potential impairment and performed detailed impairment analysis when such indicators were identified. As of June 30, 2024, one selling community had an indicator of impairment. The Company estimated the remaining undiscounted cash flows for this community and determined its carrying value of $20.9 million does not exceed the community’s fair value. For the three and six months ended June 30, 2024 and 2023, the Company did not record an impairment adjustment to reduce the carrying value of communities or land inventory to fair value. A summary of interest costs incurred, capitalized and expensed is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Interest capitalized at beginning of period $ 24,893 $ 22,847 $ 24,126 $ 22,752 Interest incurred 3,472 3,624 6,923 7,367 Interest charged to cost of revenues (3,131) (3,872) (5,815) (7,520) Interest capitalized at end of period $ 25,234 $ 22,599 $ 25,234 $ 22,599 Capitalized interest as a percentage of inventory 1.4 % 1.6 %

Payables and Accruals

Payables and Accruals	6 Months Ended
Payables and Accruals	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure	A summary of the Company’s accrued expenses is as follows (in thousands): June 30, 2024 December 31, 2023 Real estate development reserve to complete (1) $ 30,698 $ 26,063 Warranty reserve 27,139 23,474 Federal income tax payable (2) 17,994 — Accrued property tax payable 10,460 5,003 Accrued compensation 14,637 14,960 Other accrued expenses 25,216 26,957 Total accrued expenses $ 126,144 $ 96,457 (1) The Company’s real estate development reserve to complete consists of estimated future costs to complete the development of its communities. (2) On May 28, 2024, the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in certain Texas counties that were affected by severe weather on April 26, 2024. For the affected taxpayers, the IRS extended the due date to November 1, 2024 for any estimated income tax payments due on or after April 26, 2024. Warranties Warranty accruals are included within accrued expenses on the condensed consolidated balance sheets. Warranty activity during the three and six months ended June 30, 2024 and 2023 consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Warranty accrual, beginning of period $ 25,116 $ 19,532 $ 23,474 $ 17,945 Warranties issued 3,373 2,876 6,126 4,921 Changes in liability for existing warranties 53 (82) 251 551 Payments made (1,403) (1,502) (2,712) (2,593) Warranty accrual, end of period $ 27,139 $ 20,824 $ 27,139 $ 20,824

Investments, Equity Method and

Investments, Equity Method and Joint Ventures	6 Months Ended
Investments, Equity Method and Joint Ventures	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	3. INVESTMENT IN UNCONSOLIDATED ENTITIES A summary of the Company’s investments in unconsolidated entities is as follows (in thousands): June 30, 2024 December 31, 2023 GB Challenger, LLC (1) $ — $ 52,666 GBTM Sendera, LLC 20,804 19,866 EJB River Holdings, LLC 12,156 10,867 Rainwater Crossing Single-Family, LLC 2,550 — BHome Mortgage, LLC 1,047 1,255 Total investment in unconsolidated entities $ 36,557 $ 84,654 (1) Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC for approximately $64.0 million in cash. Sale of GB Challenger Ownership Interest Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC (“Challenger”) to the entity that already held the controlling interest in Challenger for approximately $64.0 million in cash. A gain on this sale of $10.7 million is included in other income, net in the condensed consolidated statements of income. Rainwater Crossing Single-Family, LLC Joint Venture On February 15, 2024, a wholly owned subsidiary of the Company established a joint venture (“JV”), Rainwater Crossing Single-Family, LLC (“Rainwater Crossing”), with Rainwater Single Family S-CORP to develop a tract of land in Celina, Texas. Both parties hold a 50% ownership interest in Rainwater Crossing. The Company evaluated the JV agreements and determined that it has a variable interest in this entity, but the Company is not its primary beneficiary. Specifically, the Company determined that it does not direct the activities that most significantly impact the entity’s economic performance as key decisions are subject to the approval of a management committee where both members are equally represented. Therefore, the Company’s investment in Rainwater Crossing is treated as an unconsolidated investment under the equity method of accounting and is included in investments in unconsolidated entities in the Company’s condensed consolidated balance sheets. As of June 30, 2024, the Company’s maximum exposure to loss as a result from its involvement with Rainwater Crossing was approximately $22.4 million, representing its $2.6 million investment and the Company’s remaining commitment to contribute to the joint venture $15.0 million in quarterly payments through March 31, 2029 and $4.8 million upon the joint venture’s initial land contribution. The Company will also fund the development costs related to this project. A summary of the unaudited condensed financial information of the unconsolidated entities as of June 30, 2024 and December 31, 2023 that are accounted for by the equity method is as follows (in thousands): June 30, 2024 December 31, 2023 Assets: Cash $ 6,099 $ 23,549 Accounts receivable 561 4,207 Bonds and notes receivable 19,363 2,838 Loans held for sale, at fair value 7,328 7,452 Inventory 66,787 182,550 Other assets 570 6,425 Total assets $ 100,708 $ 227,021 Liabilities: Accounts payable $ 3,653 $ 7,151 Accrued expenses and other liabilities 2,594 10,265 Notes payable 27,573 49,701 Total liabilities 33,820 67,117 Owners’ equity: Green Brick 34,681 80,968 Others 32,207 78,936 Total owners’ equity 66,888 159,904 Total liabilities and owners’ equity $ 100,708 $ 227,021 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues $ 8,078 $ 74,747 $ 37,817 $ 133,070 Costs and expenses 5,680 63,420 30,187 113,146 Net earnings of unconsolidated entities $ 2,398 $ 11,327 $ 7,630 $ 19,924 Company’s share in net earnings of unconsolidated entities $ 1,186 $ 5,699 $ 3,778 $ 9,920 A summary of the Company’s share in net earnings by unconsolidated entity is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 GB Challenger, LLC (1) $ — $ 4,487 $ 929 $ 7,512 EJB River Holdings, LLC 520 571 1,290 1,074 BHome Mortgage, LLC 666 641 1,559 1,334 Total net earnings from unconsolidated entities $ 1,186 $ 5,699 $ 3,778 $ 9,920

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt Disclosure	. DEBT Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands): June 30, 2024 December 31, 2023 Secured Revolving Credit Facility $ — $ — Unsecured Revolving Credit Facility — — Debt issuance costs, net of amortization (1,921) (2,328) Total borrowings on lines of credit, net $ (1,921) $ (2,328) 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. The Secured Revolving Credit Facility matures on May 1, 2025 and it carries a minimum interest rate of 3.15%. The entire unpaid principal balance and any accrued but unpaid interest is due and payable on the maturity date. As of June 30, 2024 there were no letters of credit outstanding under our Secured Revolving Credit Facility and the net available commitment amount was $35.0 million. 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”). On December 8, 2023, the Company entered into the Eleventh Amendment to this credit agreement which was amended to revise certain financial covenants in order to appropriately reflect the Company’s size and growth. The Eleventh Amendment also extends the maturity of $300.0 million of the commitments under the credit facility through December 14, 2026, with the remaining $25.0 million commitment expiring December 14, 2025. The Unsecured Revolving Credit Facility is guaranteed on an unsecured senior basis by the Company’s significant subsidiaries and certain other subsidiaries. Senior Unsecured Notes Senior unsecured notes, net of debt issuance costs, as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands): June 30, 2024 December 31, 2023 4.00% senior unsecured notes due in 2026 (“2026 Notes”) $ 75,000 $ 75,000 3.35% senior unsecured notes due in 2027 (“2027 Notes”) 37,500 37,500 3.25% senior unsecured notes due in 2028 (“2028 Notes”) 100,000 125,000 3.25% senior unsecured notes due in 2029 (“2029 Notes”) 100,000 100,000 Debt issuance costs, net of amortization (1,102) (1,293) Total senior unsecured notes, net $ 311,398 $ 336,207 The Senior Unsecured Notes are guaranteed on an unsecured senior basis by the Company’s significant subsidiaries and certain other subsidiaries. Optional prepayment of each of the Senior Unsecured Notes is allowed with a payment of a “make-whole” penalty which fluctuates depending on market interest rates. Interest is payable quarterly in arrears. 2026 Notes 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. 2027 Notes The aggregate principal amount of the 2027 Notes is due on August 26, 2027. 2028 Notes Principal on the 2028 Notes is due in increments of $25.0 million annually on February 25 in each of 2025, 2026, 2027, and 2028. 2029 Notes Principal on the 2029 Notes of $30.0 million is due on December 28, 2028 and the remaining principal amount of $70.0 million is due on December 28, 2029. Our debt instruments require us to maintain specific financial covenants, each of which we were in compliance with as of June 30, 2024.

Business Combination

Business Combination	6 Months Ended
Business Combination	Jun. 30, 2024
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 its Florida-based partner that is included as redeemable noncontrolling interest in equity of consolidated subsidiary in the Company’s condensed consolidated financial statements. On March 23, 2023, the Company and the minority partner amended the operating agreement of GRBK GHO to change the start of the put and purchase options from April 2024 to April 2027. Refer to Note 2 in the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 for details on the put/call structure of this agreement. The following tables show the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 2023 Redeemable noncontrolling interest, beginning of period $ 38,186 $ 30,291 Net income attributable to redeemable noncontrolling interest partner 1,769 2,094 Distributions of income to redeemable noncontrolling interest partner (2,637) (1,840) Change in fair value of redeemable noncontrolling interest 1,565 2,450 Redeemable noncontrolling interest, end of period $ 38,883 $ 32,995 Six Months Ended June 30, 2024 2023 Redeemable noncontrolling interest, beginning of period $ 36,135 $ 29,239 Net income attributable to redeemable noncontrolling interest partner 3,420 3,459 Distributions of income to redeemable noncontrolling interest partner (2,637) (1,840) Change in fair value of redeemable noncontrolling interest 1,965 2,137 Redeemable noncontrolling interest, end of period $ 38,883 $ 32,995

Equity

Equity	6 Months Ended
Equity	Jun. 30, 2024
Equity [Abstract]
Stockholders' Equity Note Disclosure	7. STOCKHOLDERS’ EQUITY 2022 Share Repurchase Program During the six month period ended June 30, 2024, the Company completed discrete open market repurchases under the 2022 Repurchase Plan of 65,481 shares for approximately $3.4 million, excluding excise tax. The Company completed the repurchases under the 2022 Repurchase Plan on March 15, 2024. The repurchased shares were subsequently retired. 2023 Share Repurchase Program On April 27, 2023, the Board approved a new stock repurchase program (the “2023 Repurchase Plan”) that authorizes the Company to purchase, from time to time, up to an additional $100.0 million of our outstanding common stock through open market repurchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1924, as amended (the “Exchange Act”) and/or in privately negotiated transactions based on market and business conditions, applicable legal requirements and other factors. Shares repurchased will be retired. The 2023 Repurchase Plan has no time deadline and will continue until otherwise modified, completed, or terminated by the Board at any time in its sole discretion. During the three and six months ended June 30, 2024, the Company repurchased 691,739 and 697,499 shares, respectively, for approximately $38.4 million and $38.7 million, excluding excise tax. As of June 30, 2024, the remaining dollar value of shares that may be repurchased under the 2023 Repurchase Plan was $61.3 million, excluding excise tax. As of June 30, 2024, 459,656 of the repurchased shares were retired. Preferred Stock The table below presents a summary of the perpetual preferred stock outstanding at June 30, 2024 and December 31, 2023. Series Description Initial date of issuance Total Shares Outstanding (1) Liquidation Preference per Share (in dollars) Carrying Value (in thousands) Per Annum Dividend Rate Redemption Period Series A (1) 5.75% Cumulative Perpetual December 2021 2,000 $ 25 $ 50,000 5.75 % n/a (1) Ownership is held in the form of Depositary Shares, each representing a 1/1,000th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. Dividends Dividends paid on our Series A preferred stock were $0.7 million and $1.4 million for each of the three and six months ended June 30, 2024 and 2023.

Compensation Related Costs, Sha

Compensation Related Costs, Share Based Payments	6 Months Ended
Compensation Related Costs, Share Based Payments	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	SHARE-BASED COMPENSATION The 2014 Omnibus Equity Incentive Plan and the 2024 Omnibus Incentive Plan, are administered by the Board and allow for the grant of stock awards (“SAs”), restricted stock awards (“RSAs”), performance restricted stock units (“PRSUs”), restricted stock units (RSUs), stock options and other stock based awards. 2024 Omnibus Incentive Plan On June 11, 2024, the 2024 Omnibus Incentive Plan was approved by the stockholders of the Company. As of June 11, 2024, no further awards may be made under the Green Brick Partners, Inc. 2014 Omnibus Equity Incentive Plan. Share-Based Award Activity During the six months ended June 30, 2024, the Company granted SAs to executive officers, RSAs to non-employee members of the Board, and PRSUs to employees. The SAs granted to the executive officers were 100% vested and non-forfeitable on the grant date. Non-vested stock awards are usually granted with a one-year vesting for non-employee directors, two-year cliff vesting for employee RSAs, and three-year cliff vesting for PRSUs. The fair value of all share awards were recorded as share-based compensation expense on the grant date and over the vesting period, respectively. Stock options were also exercised by an executive officer during the three months ended June 30, 2024. The Company withheld 284,521 shares of common stock from executive officers and employees at a total cost of $11.3 million, to satisfy statutory minimum tax requirements upon grant of the SAs, vesting of RSAs, and exercise of stock options. A summary of share-based awards activity during the six months ended June 30, 2024 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share Unvested, December 31, 2023 92 $ 33.56 Granted 172 $ 51.75 Vested (149) $ 46.69 Forfeited (1) $ 36.44 Unvested, June 30, 2024 114 $ 43.77 Stock Options A summary of stock options activity during the six months ended June 30, 2024 is as follows: Number of Shares (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Options outstanding, December 31, 2023 500 $ 7.49 0.82 $ 22,225 Granted — — — — Exercised (500) 7.49 — 23,160 Forfeited — — — — Options outstanding, June 30, 2024 — $ — — $ — Options exercisable, June 30, 2024 — $ — — $ — Share-Based Compensation Expense Share-based compensation expense was $0.8 million and $0.5 million for the three months ended June 30, 2024 and 2023, respectively. For the six months ended June 30, 2024 and 2023, share-based compensation expense was $7.1 million and $6.0 million, respectively.

Revenue from Contract with Cust

Revenue from Contract with Customer	6 Months Ended
Revenue from Contract with Customer	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
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 and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 389,168 $ 13,493 $ 322,154 $ 1,844 Southeast 157,970 — 132,291 — Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Type of Customer Homebuyers $ 547,138 $ — $ 454,445 $ — Homebuilders and Multi-family Developers — 13,493 — 1,844 Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Product Type Residential units $ 547,138 $ — $ 454,445 $ — Land and lots — 13,493 — 1,844 Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Timing of Revenue Recognition Transferred at a point in time $ 546,948 $ 13,493 $ 454,136 $ 1,844 Transferred over time (1) 190 — 309 — Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 (1) Revenue recognized over time represents revenue from mechanic’s lien contracts. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 704,405 $ 17,547 $ 666,618 $ 3,543 Southeast 286,017 — 238,189 — Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Type of Customer Homebuyers $ 990,422 $ — $ 904,807 $ — Homebuilders and Multi-family Developers — 17,547 — 3,543 Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Product Type Residential units $ 990,422 $ — $ 904,807 $ — Land and lots — 17,547 — 3,543 Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Timing of Revenue Recognition Transferred at a point in time $ 990,042 $ 17,547 $ 903,566 $ 3,543 Transferred over time (1) 380 — 1,241 — Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 (1) 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): June 30, 2024 December 31, 2023 Customer and builder deposits $ 49,316 $ 43,148 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 delivery of the home, 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 and six months ended June 30, 2024 and 2023 are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Homebuyer deposits recognized as revenue $ 21,064 $ 15,595 $ 30,640 $ 21,329 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 $6.4 million. The Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel. The Company expects to recognize revenue of $5.8 million in the remainder of 2024 and $0.6 million in 2025. The timing of lot takedowns is contingent upon a number of factors, including customer and business 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,

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION 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. Financial information related to the Company’s reportable segments is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues: (1) Builder operations Central $ 389,168 $ 322,154 $ 704,515 $ 666,618 Southeast 157,970 132,291 286,017 238,189 Total builder operations 547,138 454,445 990,532 904,807 Land development 13,493 1,844 17,437 3,543 Total revenues $ 560,631 $ 456,289 $ 1,007,969 $ 908,350 Gross profit: Builder operations Central $ 142,534 $ 107,878 $ 252,200 $ 210,283 Southeast 57,431 45,868 105,522 79,197 Total builder operations 199,965 153,746 357,722 289,480 Land development 775 858 1,080 1,546 Corporate, other and unallocated (2) (11,074) (11,669) (20,879) (23,485) Total gross profit $ 189,666 $ 142,935 $ 337,923 $ 267,541 Income before income taxes: Builder operations Central $ 104,803 $ 74,800 $ 180,324 $ 142,817 Southeast 41,417 32,494 76,211 54,765 Total builder operations 146,220 107,294 256,535 197,582 Land development 1,542 1,140 2,015 1,915 Corporate, other and unallocated (3) (8,585) (4,222) (3,740) (8,113) Income before income taxes $ 139,177 $ 104,212 $ 254,810 $ 191,384 June 30, 2024 December 31, 2023 Inventory: Builder operations Central $ 677,930 $ 645,987 Southeast 333,065 314,087 Total builder operations 1,010,995 960,074 Land development 733,274 529,711 Corporate, other and unallocated (4) 47,787 43,438 Total inventory $ 1,792,056 $ 1,533,223 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. Land and lot closings revenue were $13.5 million and $17.5 million for the three and six months ended June 30, 2024 and $1.8 million and $3.5 million for the three and six months ended June 30, 2023, respectively. (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 income (loss) before income taxes includes results from Green Brick Title, LLC, Ventana Insurance, LLC, and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments. (4) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to homes under construction and land under development.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure	11. INCOME TAXES

Net Income Attributable to Gree

Net Income Attributable to Green Brick Partners, Inc. Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Income Attributable to Green Brick Partners, Inc. Per Share	12. EARNINGS PER SHARE The Company’s RSAs have the right to receive forfeitable dividends on an equal basis with common stock and its PRSUs do not participate in dividends with common stock. As such, these stock awards 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 common share is computed by dividing net income allocated to common stockholders by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of RSAs and PRSUs during each period. Net income applicable to common stockholders is net income adjusted for preferred stock dividends including dividends declared and cumulative dividends related to the current dividend period that have not been declared as of period end. Diluted earnings per share is calculated using the treasury stock method and includes the effect of all dilutive securities, including stock options, RSAs and PRSUs. 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income attributable to Green Brick Partners, Inc. $ 105,358 $ 75,270 $ 188,659 $ 139,450 Preferred dividends (719) (719) (1,438) (1,438) Net income applicable to common stockholders 104,639 74,551 187,221 138,012 Weighted-average number of common shares outstanding - basic 44,760 45,371 44,826 45,656 Basic net income attributable to Green Brick Partners, Inc. per common share $ 2.34 $ 1.64 $ 4.18 $ 3.02 Weighted-average number of common shares outstanding - basic 44,760 45,371 44,826 45,656 Dilutive effect of stock options and restricted stock awards 394 384 451 395 Weighted-average number of common shares outstanding - diluted 45,154 45,755 45,277 46,051 Diluted net income attributable to Green Brick Partners, Inc. per common share $ 2.32 $ 1.63 $ 4.14 $ 3.00 The following shares which could potentially dilute earnings per share in the future are not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Antidilutive options to purchase common stock and restricted stock awards — (4) — (55)

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Fair Value Measurements	13. 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 notes payable. 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 June 30, 2024 and December 31, 2023. Level 2 financial instruments include borrowings on lines of credit, senior unsecured notes, and notes payable. 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 was $294.7 million and $322.5 million as of June 30, 2024 and December 31, 2023, respectively. The aggregate principal balance of the senior unsecured notes was $312.5 million as of June 30, 2024 and $337.5 million as of December 31, 2023. There were no transfers between the levels of the fair value hierarchy for any of our financial instruments during the three and six months ended June 30, 2024 and 2023.
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	$ 0

Related Party Disclosures

Related Party Disclosures	6 Months Ended
Related Party Disclosures	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	14. RELATED PARTY TRANSACTIONS During the three and six months ended June 30, 2024 and 2023, 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 and six months ended June 30, 2024 and 2023, GRBK GHO incurred de minimis and $0.1 million rent expense, respectively, under such lease agreements. As of June 30, 2024 and December 31, 2023, there were no amounts due to the affiliated entities related to such lease agreements.

Commitments and Contingencies

Commitments and Contingencies - USD ($) $ in Millions	6 Months Ended
Commitments and Contingencies - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Letters of Credit Outstanding, Amount		$ 5.2	$ 13.5
Commitments and Contingencies	15. 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 June 30, 2024 and December 31, 2023, letters of credit and performance bonds outstanding were $5.2 million and $13.5 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. 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 $0.4 million and $0.8 million for each of the three and six months ended June 30, 2024, and 2023, 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 $0.2 million and $0.3 million for the three and six months ended June 30, 2024, respectively, and $0.4 million and $0.9 million in the prior year periods. As of June 30, 2024, the weighted-average remaining lease term and the weighted-average discount rate used in calculating the Company’s lease liabilities were 6.3 years and 7.4%, 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 June 30, 2024 are presented below (in thousands): Remainder of 2024 $ 721 2025 1,827 2026 1,748 2027 1,722 2028 1,689 Thereafter 3,420 Total future lease payments 11,127 Less: Interest 2,371 Present value of lease liabilities $ 8,756 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 $0.4 million for the three and six months ended June 30, 2024, respectively, and $0.3 million and $0.4 million for the comparable prior year periods, 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. In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, the Company generally cannot predict their ultimate resolution, related timing or eventual loss. If evaluations indicate loss contingencies that could be material are not probable, but are reasonably possible, the Company will disclose their nature with an estimate of the possible range of losses or a statement that such loss is not reasonably estimable. We believe that the disposition of legal claims and related contingencies will not have a material adverse effect on our results of operations and liquidity or on our financial condition.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	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, 2023 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, 2023. 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, 2023. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024 or subsequent periods due to seasonal variations and other factors.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Green Brick Partners, Inc., its controlled subsidiaries, (together, the “Company”, “we”, or “Green Brick”) and variable interest entities (“VIEs”) in which Green Brick Partners, Inc. or one of its controlled subsidiaries is deemed to be the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation.
Equity Method Investments	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	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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to U.S. GAAP are established by the FASB in the form of Accounting Standard Updates (“ASUs”) to the FASB ASC. We consider the applicability and impact of all ASUs and any not listed below were assessed and determined to be not applicable or are not expected to have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 (“ASU 2023-09”) Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public companies to annually disclose specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). ASU 2023-09 will be effective for the annual reporting periods in fiscal years beginning after December 15, 2024. The Company is currently evaluating ASU 2023-09 and does not expect it to have a material effect on the Company’s consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires disclosure of (i) significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the segment measure of profit or loss, (ii) an amount and description of its composition for other segment items to reconcile to segment profit or loss, and (iii) the title and position of the entity’s CODM. ASU 2023-07 will be applied retrospectively and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is currently reviewing the impact that the adoption of ASU 2023-07 may have on its Consolidated Financial Statements and disclosures.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
Inventory (Tables)	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Real Estate Inventory	A summary of inventory is as follows (in thousands): June 30, 2024 December 31, 2023 Homes completed or under construction $ 646,153 $ 559,488 Land and lots - developed and under development 1,123,602 921,241 Land held for future development (1) 14,946 48,991 Land held for sale 7,355 3,503 Total inventory $ 1,792,056 $ 1,533,223 (1) Land held for future development consists of raw land parcels where development activities have been postponed due to market conditions or other factors. All applicable carrying costs, including property taxes, are expensed as incurred. As of June 30, 2024, the Company reviewed the performance and outlook for all of its communities and land inventory for indicators of potential impairment and performed detailed impairment analysis when such indicators were identified. As of June 30, 2024, one selling community had an indicator of impairment. The Company estimated the remaining undiscounted cash flows for this community and determined its carrying value of $20.9 million does not exceed the community’s fair value. For the three and six months ended June 30, 2024 and 2023, the Company did not record an impairment adjustment to reduce the carrying value of communities or land inventory to fair value.
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Interest capitalized at beginning of period $ 24,893 $ 22,847 $ 24,126 $ 22,752 Interest incurred 3,472 3,624 6,923 7,367 Interest charged to cost of revenues (3,131) (3,872) (5,815) (7,520) Interest capitalized at end of period $ 25,234 $ 22,599 $ 25,234 $ 22,599 Capitalized interest as a percentage of inventory 1.4 % 1.6 %

Payables and Accruals (Tables)

Payables and Accruals (Tables)	6 Months Ended
Payables and Accruals (Tables)	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	June 30, 2024 December 31, 2023 Real estate development reserve to complete (1) $ 30,698 $ 26,063 Warranty reserve 27,139 23,474 Federal income tax payable (2) 17,994 — Accrued property tax payable 10,460 5,003 Accrued compensation 14,637 14,960 Other accrued expenses 25,216 26,957 Total accrued expenses $ 126,144 $ 96,457
Schedule of Warranty Activity	Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Warranty accrual, beginning of period $ 25,116 $ 19,532 $ 23,474 $ 17,945 Warranties issued 3,373 2,876 6,126 4,921 Changes in liability for existing warranties 53 (82) 251 551 Payments made (1,403) (1,502) (2,712) (2,593) Warranty accrual, end of period $ 27,139 $ 20,824 $ 27,139 $ 20,824

Investment in Unconsolidated En

Investment in Unconsolidated Entities (Tables)	6 Months Ended
Investment in Unconsolidated Entities (Tables)	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	A summary of the Company’s investments in unconsolidated entities is as follows (in thousands): June 30, 2024 December 31, 2023 GB Challenger, LLC (1) $ — $ 52,666 GBTM Sendera, LLC 20,804 19,866 EJB River Holdings, LLC 12,156 10,867 Rainwater Crossing Single-Family, LLC 2,550 — BHome Mortgage, LLC 1,047 1,255 Total investment in unconsolidated entities $ 36,557 $ 84,654 (1) Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC for approximately $64.0 million in cash. Sale of GB Challenger Ownership Interest Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC (“Challenger”) to the entity that already held the controlling interest in Challenger for approximately $64.0 million in cash. A gain on this sale of $10.7 million is included in other income, net in the condensed consolidated statements of income. Rainwater Crossing Single-Family, LLC Joint Venture On February 15, 2024, a wholly owned subsidiary of the Company established a joint venture (“JV”), Rainwater Crossing Single-Family, LLC (“Rainwater Crossing”), with Rainwater Single Family S-CORP to develop a tract of land in Celina, Texas. Both parties hold a 50% ownership interest in Rainwater Crossing. The Company evaluated the JV agreements and determined that it has a variable interest in this entity, but the Company is not its primary beneficiary. Specifically, the Company determined that it does not direct the activities that most significantly impact the entity’s economic performance as key decisions are subject to the approval of a management committee where both members are equally represented. Therefore, the Company’s investment in Rainwater Crossing is treated as an unconsolidated investment under the equity method of accounting and is included in investments in unconsolidated entities in the Company’s condensed consolidated balance sheets.
Investment in Unconsolidated Entities	3. INVESTMENT IN UNCONSOLIDATED ENTITIES A summary of the Company’s investments in unconsolidated entities is as follows (in thousands): June 30, 2024 December 31, 2023 GB Challenger, LLC (1) $ — $ 52,666 GBTM Sendera, LLC 20,804 19,866 EJB River Holdings, LLC 12,156 10,867 Rainwater Crossing Single-Family, LLC 2,550 — BHome Mortgage, LLC 1,047 1,255 Total investment in unconsolidated entities $ 36,557 $ 84,654 (1) Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC for approximately $64.0 million in cash. Sale of GB Challenger Ownership Interest Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC (“Challenger”) to the entity that already held the controlling interest in Challenger for approximately $64.0 million in cash. A gain on this sale of $10.7 million is included in other income, net in the condensed consolidated statements of income. Rainwater Crossing Single-Family, LLC Joint Venture On February 15, 2024, a wholly owned subsidiary of the Company established a joint venture (“JV”), Rainwater Crossing Single-Family, LLC (“Rainwater Crossing”), with Rainwater Single Family S-CORP to develop a tract of land in Celina, Texas. Both parties hold a 50% ownership interest in Rainwater Crossing. The Company evaluated the JV agreements and determined that it has a variable interest in this entity, but the Company is not its primary beneficiary. Specifically, the Company determined that it does not direct the activities that most significantly impact the entity’s economic performance as key decisions are subject to the approval of a management committee where both members are equally represented. Therefore, the Company’s investment in Rainwater Crossing is treated as an unconsolidated investment under the equity method of accounting and is included in investments in unconsolidated entities in the Company’s condensed consolidated balance sheets. As of June 30, 2024, the Company’s maximum exposure to loss as a result from its involvement with Rainwater Crossing was approximately $22.4 million, representing its $2.6 million investment and the Company’s remaining commitment to contribute to the joint venture $15.0 million in quarterly payments through March 31, 2029 and $4.8 million upon the joint venture’s initial land contribution. The Company will also fund the development costs related to this project. A summary of the unaudited condensed financial information of the unconsolidated entities as of June 30, 2024 and December 31, 2023 that are accounted for by the equity method is as follows (in thousands): June 30, 2024 December 31, 2023 Assets: Cash $ 6,099 $ 23,549 Accounts receivable 561 4,207 Bonds and notes receivable 19,363 2,838 Loans held for sale, at fair value 7,328 7,452 Inventory 66,787 182,550 Other assets 570 6,425 Total assets $ 100,708 $ 227,021 Liabilities: Accounts payable $ 3,653 $ 7,151 Accrued expenses and other liabilities 2,594 10,265 Notes payable 27,573 49,701 Total liabilities 33,820 67,117 Owners’ equity: Green Brick 34,681 80,968 Others 32,207 78,936 Total owners’ equity 66,888 159,904 Total liabilities and owners’ equity $ 100,708 $ 227,021 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues $ 8,078 $ 74,747 $ 37,817 $ 133,070 Costs and expenses 5,680 63,420 30,187 113,146 Net earnings of unconsolidated entities $ 2,398 $ 11,327 $ 7,630 $ 19,924 Company’s share in net earnings of unconsolidated entities $ 1,186 $ 5,699 $ 3,778 $ 9,920 A summary of the Company’s share in net earnings by unconsolidated entity is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 GB Challenger, LLC (1) $ — $ 4,487 $ 929 $ 7,512 EJB River Holdings, LLC 520 571 1,290 1,074 BHome Mortgage, LLC 666 641 1,559 1,334 Total net earnings from unconsolidated entities $ 1,186 $ 5,699 $ 3,778 $ 9,920

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023 consisted of the following (in thousands): June 30, 2024 December 31, 2023 Secured Revolving Credit Facility $ — $ — Unsecured Revolving Credit Facility — — Debt issuance costs, net of amortization (1,921) (2,328) Total borrowings on lines of credit, net $ (1,921) $ (2,328)
Schedule of Accounts, Notes, Loans and Financing Receivable	Senior Unsecured Notes Senior unsecured notes, net of debt issuance costs, as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands): June 30, 2024 December 31, 2023 4.00% senior unsecured notes due in 2026 (“2026 Notes”) $ 75,000 $ 75,000 3.35% senior unsecured notes due in 2027 (“2027 Notes”) 37,500 37,500 3.25% senior unsecured notes due in 2028 (“2028 Notes”) 100,000 125,000 3.25% senior unsecured notes due in 2029 (“2029 Notes”) 100,000 100,000 Debt issuance costs, net of amortization (1,102) (1,293) Total senior unsecured notes, net $ 311,398 $ 336,207

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
Business Combination (Tables)	Jun. 30, 2024
Business Combinations [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	The following tables show the changes in redeemable noncontrolling interest in equity of consolidated subsidiary during the three and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 2023 Redeemable noncontrolling interest, beginning of period $ 38,186 $ 30,291 Net income attributable to redeemable noncontrolling interest partner 1,769 2,094 Distributions of income to redeemable noncontrolling interest partner (2,637) (1,840) Change in fair value of redeemable noncontrolling interest 1,565 2,450 Redeemable noncontrolling interest, end of period $ 38,883 $ 32,995

Compensation Related Costs, S_2

Compensation Related Costs, Share Based Payments (Tables)	6 Months Ended
Compensation Related Costs, Share Based Payments (Tables)	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Awards Activity	A summary of share-based awards activity during the six months ended June 30, 2024 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share Unvested, December 31, 2023 92 $ 33.56 Granted 172 $ 51.75 Vested (149) $ 46.69 Forfeited (1) $ 36.44 Unvested, June 30, 2024 114 $ 43.77

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	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. Financial information related to the Company’s reportable segments is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues: (1) Builder operations Central $ 389,168 $ 322,154 $ 704,515 $ 666,618 Southeast 157,970 132,291 286,017 238,189 Total builder operations 547,138 454,445 990,532 904,807 Land development 13,493 1,844 17,437 3,543 Total revenues $ 560,631 $ 456,289 $ 1,007,969 $ 908,350 Gross profit: Builder operations Central $ 142,534 $ 107,878 $ 252,200 $ 210,283 Southeast 57,431 45,868 105,522 79,197 Total builder operations 199,965 153,746 357,722 289,480 Land development 775 858 1,080 1,546 Corporate, other and unallocated (2) (11,074) (11,669) (20,879) (23,485) Total gross profit $ 189,666 $ 142,935 $ 337,923 $ 267,541 Income before income taxes: Builder operations Central $ 104,803 $ 74,800 $ 180,324 $ 142,817 Southeast 41,417 32,494 76,211 54,765 Total builder operations 146,220 107,294 256,535 197,582 Land development 1,542 1,140 2,015 1,915 Corporate, other and unallocated (3) (8,585) (4,222) (3,740) (8,113) Income before income taxes $ 139,177 $ 104,212 $ 254,810 $ 191,384 June 30, 2024 December 31, 2023 Inventory: Builder operations Central $ 677,930 $ 645,987 Southeast 333,065 314,087 Total builder operations 1,010,995 960,074 Land development 733,274 529,711 Corporate, other and unallocated (4) 47,787 43,438 Total inventory $ 1,792,056 $ 1,533,223 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. Land and lot closings revenue were $13.5 million and $17.5 million for the three and six months ended June 30, 2024 and $1.8 million and $3.5 million for the three and six months ended June 30, 2023, respectively. (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 income (loss) before income taxes includes results from Green Brick Title, LLC, Ventana Insurance, LLC, and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments. (4) Corporate, other and unallocated inventory consists of capitalized overhead and interest related to homes under construction and land under development.

Net Income Attributable to Gr_2

Net Income Attributable to Green Brick Partners, Inc. Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income attributable to Green Brick Partners, Inc. $ 105,358 $ 75,270 $ 188,659 $ 139,450 Preferred dividends (719) (719) (1,438) (1,438) Net income applicable to common stockholders 104,639 74,551 187,221 138,012 Weighted-average number of common shares outstanding - basic 44,760 45,371 44,826 45,656 Basic net income attributable to Green Brick Partners, Inc. per common share $ 2.34 $ 1.64 $ 4.18 $ 3.02 Weighted-average number of common shares outstanding - basic 44,760 45,371 44,826 45,656 Dilutive effect of stock options and restricted stock awards 394 384 451 395 Weighted-average number of common shares outstanding - diluted 45,154 45,755 45,277 46,051 Diluted net income attributable to Green Brick Partners, Inc. per common share $ 2.32 $ 1.63 $ 4.14 $ 3.00
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following shares which could potentially dilute earnings per share in the future are not included in the determination of diluted net income attributable to Green Brick Partners, Inc. per common share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Antidilutive options to purchase common stock and restricted stock awards — (4) — (55)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Liability, Maturity	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 June 30, 2024 are presented below (in thousands): Remainder of 2024 $ 721 2025 1,827 2026 1,748 2027 1,722 2028 1,689 Thereafter 3,420 Total future lease payments 11,127 Less: Interest 2,371 Present value of lease liabilities $ 8,756

Significant Accounting Policies

Significant Accounting Policies Leases, Adoption of ASC 842 (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Lease liabilities - operating leases	$ 8,756	$ 7,898
Right-of-use assets - operating leases	$ 7,825	$ 7,255

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	6 Months Ended
Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished Homes and Homes under Construction	$ 646,153		$ 559,488
Land and lots - developed and under development	1,123,602		921,241
Land Available for Development	14,946		48,991
Inventory, Land Held-for-sale	7,355		3,503
Total inventory	$ 1,792,056		1,533,223
Document Period End Date	Jun. 30, 2024
Allowances for option deposits and pre-acquisition costs	$ 12	$ 47
Inventory [Line Items]
Finished Homes and Homes under Construction	646,153		559,488
Land and lots - developed and under development	1,123,602		921,241
Land Available for Development	14,946		48,991
Inventory, Land Held-for-sale	$ 7,355		$ 3,503

Inventory (Capitalization of In

Inventory (Capitalization of Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized at beginning of period	$ 24,893	$ 22,847	$ 24,126	$ 22,752
Interest incurred	3,472	3,624	6,923	7,367
Interest charged to cost of revenues	(3,131)	(3,872)	(5,815)	(7,520)
Interest capitalized at end of period	$ 25,234	$ 22,599	$ 25,234	$ 22,599
Document Period End Date			Jun. 30, 2024
Capitalized interest as a percentage of inventory	1.40%	1.60%

Payables and Accruals (Details)

Payables and Accruals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Payables and Accruals (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	$ 25,116	$ 19,532	$ 23,474	$ 17,945
Warranties issued	3,373	2,876	6,126	4,921
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties	53	(82)	251	551
Payments made	(1,403)	(1,502)	(2,712)	(2,593)
Warranty accrual, end of period	27,139	20,824	27,139	20,824
Accrued liabilities [Line Items]
Standard Product Warranty Accrual	27,139	$ 20,824	27,139	$ 20,824	$ 23,474
Accrued expenses	126,144		126,144		96,457
Accrued Expenses
Accrued liabilities [Line Items]
Inventory, Real Estate, Land and Land Development Costs	30,698		30,698		26,063
Accrued Income Taxes	10,460		10,460		5,003
Accrued Bonuses	14,637		14,637		14,960
Other Accrued Liabilities	$ 25,216		$ 25,216		$ 26,957

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Summary of Financial Information of Investment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	$ 1,186	$ 5,699	$ 3,778	$ 9,920
Assets	2,064,402		2,064,402			$ 1,902,832
Liabilities	561,766		561,766			548,684
Stockholders' Equity Attributable to Parent	1,439,235	1,174,077	1,439,235	1,174,077	$ 1,383,327	1,300,704	$ 1,114,154	$ 1,061,907
Stockholders' Equity Attributable to Noncontrolling Interest	24,518	16,148	24,518	16,148	16,364	17,309	12,448	20,908
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,463,753	1,190,225	1,463,753	1,190,225	1,399,691	1,318,013	1,126,602	1,082,815
Liabilities and Equity	2,064,402		2,064,402			1,902,832
Total revenues	560,631	456,289	1,007,969	908,350
Net income	115,281	81,064	206,072	149,205
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	1,186	5,699	3,778	9,920
Stockholders' Equity Attributable to Noncontrolling Interest	24,518	16,148	24,518	16,148	16,364	17,309	12,448	20,908
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,463,753	1,190,225	1,463,753	1,190,225	1,399,691	1,318,013	1,126,602	1,082,815
Total revenues	560,631	456,289	1,007,969	908,350
Net income	115,281	81,064	206,072	149,205
Assets	2,064,402		2,064,402			1,902,832
Liabilities	561,766		561,766			548,684
Stockholders' Equity Attributable to Parent	1,439,235	1,174,077	1,439,235	1,174,077	$ 1,383,327	1,300,704	$ 1,114,154	$ 1,061,907
Liabilities and Equity	2,064,402		2,064,402			1,902,832
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	1,186	5,699	3,778	9,920
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	1,186	5,699	3,778	9,920
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Assets	100,708		100,708			227,021
Liabilities	33,820		33,820			67,117
Stockholders' Equity Attributable to Parent	34,681		34,681			80,968
Stockholders' Equity Attributable to Noncontrolling Interest	32,207		32,207			78,936
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	66,888		66,888			159,904
Liabilities and Equity	100,708		100,708			227,021
Total revenues	8,078	74,747	37,817	133,070
Cash	6,099		6,099			23,549
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	32,207		32,207			78,936
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	66,888		66,888			159,904
Total revenues	8,078	74,747	37,817	133,070
Accounts and Other Receivables, Net, Current	561		561			4,207
Financing Receivable, after Allowance for Credit Loss	19,363		19,363			2,838
Financing Receivable, Held-for-Sale	7,328		7,328			7,452
Inventory, Net	66,787		66,787			182,550
Other Assets, Current	570		570			6,425
Accounts Payable, Current	3,653		3,653			7,151
Accrued Liabilities, Current	2,594		2,594			10,265
Notes Payable, Current	27,573		27,573			49,701
Costs and Expenses	5,680	$ 63,420	30,187	$ 113,146
Assets	100,708		100,708			227,021
Cash	6,099		6,099			23,549
Liabilities	33,820		33,820			67,117
Stockholders' Equity Attributable to Parent	34,681		34,681			80,968
Liabilities and Equity	$ 100,708		$ 100,708			$ 227,021

Investment in Unconsolidated _3

Investment in Unconsolidated Entities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments in unconsolidated entities	$ 36,557		$ 36,557		$ 84,654
Equity in income of unconsolidated entities	$ 1,186	$ 5,699	$ 3,778	$ 9,920
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Goodwill	$ 680		$ 680		$ 680

Investment in Unconsolidated _4

Investment in Unconsolidated Entities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$ 36,557		$ 36,557		$ 84,654
Equity in income of unconsolidated entities	1,186	$ 5,699	3,778	$ 9,920
Total revenues	560,631	456,289	1,007,969	908,350
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Total revenues	8,078	74,747	37,817	133,070
Costs and Expenses	5,680	63,420	30,187	113,146
BHome Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	1,047		1,047		1,255
Equity in income of unconsolidated entities	666	641	1,559	1,334
GB Challenger, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	0		0		52,666
Equity in income of unconsolidated entities	0	4,487		7,512
GBTM Sendera, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	20,804		20,804		19,866
EJB River Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	12,156		12,156		$ 10,867
Equity in income of unconsolidated entities	520	571	1,290	1,074
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	$ 1,186	$ 5,699	$ 3,778	$ 9,920

Debt (Schedule of Lines of Cred

Debt (Schedule of Lines of Credit Outstanding) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 09, 2022	Jul. 30, 2015
Line of Credit Facility [Line Items]
Document Period End Date	Jun. 30, 2024
Debt Issuance Costs, Net	$ (1,921,000)		$ (2,328,000)
Debt Issuance Costs, Line of Credit Arrangements, Net	1,921,000		2,328,000
Letters of Credit Outstanding, Amount	5,200,000		13,500,000
Line of Credit Facility, Remaining Borrowing Capacity	35,000,000
Payments of Debt Issuance Costs	0	$ 72,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	0		0
Line of Credit Facility, Maximum Borrowing Capacity				$ 300,000,000	$ 35,000,000
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 0		$ 0

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	6 Months Ended
Debt (Narrative) (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Dec. 29, 2029	Dec. 28, 2028	Aug. 08, 2026	Aug. 08, 2025	Aug. 08, 2024	Dec. 31, 2023	Dec. 09, 2022	Jul. 30, 2015
Debt Instrument [Line Items]
Document Period End Date	Jun. 30, 2024
Payments of Debt Issuance Costs	$ 0	$ 72,000
Costs associated with amendment	1,921,000							$ 2,328,000
Line of Credit Facility, Remaining Borrowing Capacity	35,000,000
Senior unsecured notes, net	311,398,000							336,207,000
Letters of Credit Outstanding, Amount	5,200,000							13,500,000
Notes payable	95,000							12,981,000
Debt Instrument, Interest Rate, Stated Percentage										3.15%
2026 Notes
Debt Instrument [Line Items]
Senior unsecured notes, net	75,000,000							75,000,000
2027 Notes
Debt Instrument [Line Items]
Senior unsecured notes, net	37,500,000							37,500,000
2028 Notes
Debt Instrument [Line Items]
Senior unsecured notes, net	100,000,000							125,000,000
2029 Notes
Debt Instrument [Line Items]
Senior unsecured notes, net	100,000,000							100,000,000
Senior Notes
Debt Instrument [Line Items]
Costs associated with amendment	1,102,000							1,293,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity									$ 300,000,000	$ 35,000,000
Borrowings on lines of credit	$ 0							$ 0
Forecast [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Rolling after Year Five			$ 70,000,000
Long-Term Debt, Maturity, Year Two						$ 12,500,000
Long-Term Debt, Maturity, Year One							$ 12,500,000
Long-Term Debt, Maturity, Year Three					$ 50,000,000
Long-Term Debt, Maturity, Year Five				$ 30

Business Combination (Narrative

Business Combination (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Assets acquired
Goodwill	$ 680		$ 680		$ 680
Liabilities assumed
Homebuilding revenues	560,631	$ 456,289	1,007,969	$ 908,350
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	139,177	104,212	254,810	191,384
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	1,769	2,094	3,420	3,459
Temporary Equity, Accretion to Redemption Value			1,965	2,137
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	38,883	32,995	38,883	32,995	$ 36,135	$ 38,186	$ 29,239	$ 30,291
Distributions to redeemable noncontrolling interest	(2,637)	(1,840)	(2,637)	$ (1,840)
Noncontrolling Interest, Change in Redemption Value	$ 1,565	$ (2,450)	$ 1,965
GHO Homes [Member]
Liabilities assumed
Ownership percentage by noncontrolling owners	20%		20%

Equity (Details)

Equity (Details) - USD ($)	3 Months Ended	6 Months Ended
Equity (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Apr. 27, 2023
Share Repurchase Programs [Line Items]
Stock Repurchase Program, Authorized Amount				$ 100,000,000
Payments for Repurchase of Common Stock		$ 42,590,000	$ 27,991,000
Preferred Units [Line Items]
Dividends, Cash	$ 700,000	$ 1,400,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount		$ 0.359
2022 Repurchase Plan
Share Repurchase Programs [Line Items]
Payments for Repurchase of Common Stock		$ 3,400,000
2023 Repurchase Plan
Share Repurchase Programs [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	61,300,000	61,300,000
Series A Preferred Stock
Preferred Units [Line Items]
Preferred Stock, Liquidation Preference, Value	25,000	25,000
Preferred Stock, Value, Issued	$ 50,000	$ 50,000
Preferred Stock, Dividend Rate, Percentage		5.75%

Compensation Related Costs, S_3

Compensation Related Costs, Share Based Payments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 9,113,000		$ 11,276,000	$ 1,976,000
Document Period End Date			Jun. 30, 2024
Percentage of awards vested and forfeitable at time of grant			100%
Share-based compensation expense	$ 800,000	$ 500,000	$ 7,144,000	$ 5,966,000
Period for recognition			1 year 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0		0		500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 0		$ 0		$ 7.49
Granted (in shares)			0
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, Intrinsic Value			$ 23,160,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period			(500,000)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price			$ 7.49
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, Outstanding, Intrinsic Value					$ 22.225
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	0		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 0		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 43.77		$ 43.77		$ 33.56
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	114,000		114,000		92,000
Granted (in dollars per share)			$ 51.75
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				59,857
Share-based compensation expense	$ 800,000	$ 500,000	$ 7,144,000	$ 5,966,000
Compensation cost not yet recognized	3,200,000		$ 3,200,000
Period for recognition			1 year 10 months 24 days
Percentage of awards vested and forfeitable at time of grant			100%
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	9,113,000		$ 11,276,000	1,976,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			149,000
Vested (in dollars per share)			$ 46.69
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			1,000
Forfeited (in dollars per share)			$ 36.44
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			172,000
Document Period End Date			Jun. 30, 2024
Common Stock [Member]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 2,000		$ (2,000)	(1,000)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	238,961		284,521
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 2,000		$ (2,000)	(1,000)
Additional Paid-in Capital [Member]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	9,111,000		11,274,000	(1,975,000)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 9,111,000		$ 11,274,000	$ (1,975,000)

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
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 and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 389,168 $ 13,493 $ 322,154 $ 1,844 Southeast 157,970 — 132,291 — Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Type of Customer Homebuyers $ 547,138 $ — $ 454,445 $ — Homebuilders and Multi-family Developers — 13,493 — 1,844 Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Product Type Residential units $ 547,138 $ — $ 454,445 $ — Land and lots — 13,493 — 1,844 Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Timing of Revenue Recognition Transferred at a point in time $ 546,948 $ 13,493 $ 454,136 $ 1,844 Transferred over time (1) 190 — 309 — Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 (1) Revenue recognized over time represents revenue from mechanic’s lien contracts. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 704,405 $ 17,547 $ 666,618 $ 3,543 Southeast 286,017 — 238,189 — Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Type of Customer Homebuyers $ 990,422 $ — $ 904,807 $ — Homebuilders and Multi-family Developers — 17,547 — 3,543 Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Product Type Residential units $ 990,422 $ — $ 904,807 $ — Land and lots — 17,547 — 3,543 Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Timing of Revenue Recognition Transferred at a point in time $ 990,042 $ 17,547 $ 903,566 $ 3,543 Transferred over time (1) 380 — 1,241 — Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 (1) 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): June 30, 2024 December 31, 2023 Customer and builder deposits $ 49,316 $ 43,148 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 and six months ended June 30, 2024 and 2023 are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Homebuyer deposits recognized as revenue $ 21,064 $ 15,595 $ 30,640 $ 21,329
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 and six months ended June 30, 2024 and 2023 (in thousands): Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 389,168 $ 13,493 $ 322,154 $ 1,844 Southeast 157,970 — 132,291 — Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Type of Customer Homebuyers $ 547,138 $ — $ 454,445 $ — Homebuilders and Multi-family Developers — 13,493 — 1,844 Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Product Type Residential units $ 547,138 $ — $ 454,445 $ — Land and lots — 13,493 — 1,844 Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 Timing of Revenue Recognition Transferred at a point in time $ 546,948 $ 13,493 $ 454,136 $ 1,844 Transferred over time (1) 190 — 309 — Total revenues $ 547,138 $ 13,493 $ 454,445 $ 1,844 (1) Revenue recognized over time represents revenue from mechanic’s lien contracts. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 704,405 $ 17,547 $ 666,618 $ 3,543 Southeast 286,017 — 238,189 — Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Type of Customer Homebuyers $ 990,422 $ — $ 904,807 $ — Homebuilders and Multi-family Developers — 17,547 — 3,543 Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Product Type Residential units $ 990,422 $ — $ 904,807 $ — Land and lots — 17,547 — 3,543 Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 Timing of Revenue Recognition Transferred at a point in time $ 990,042 $ 17,547 $ 903,566 $ 3,543 Transferred over time (1) 380 — 1,241 — Total revenues $ 990,422 $ 17,547 $ 904,807 $ 3,543 (1) 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): June 30, 2024 December 31, 2023 Customer and builder deposits $ 49,316 $ 43,148 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 delivery of the home, 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 and six months ended June 30, 2024 and 2023 are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Homebuyer deposits recognized as revenue $ 21,064 $ 15,595 $ 30,640 $ 21,329 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 $6.4 million. The Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel. The Company expects to recognize revenue of $5.8 million in the remainder of 2024 and $0.6 million in 2025. The timing of lot takedowns is contingent upon a number of factors, including customer and business 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	$ 560,631	$ 456,289	$ 1,007,969	$ 908,350
Customer and builder deposits	49,316		49,316		$ 43,148
Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	547,138	454,445	990,422	904,807
Residential Real Estate [Member] \| Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	546,948	454,136	990,042	903,566
Residential Real Estate [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	190	309	380	1,241
Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	13,493	1,844	17,547	3,543
Real Estate, Other [Member] \| Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	13,493	1,844	17,547	3,543
Real Estate, Other [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Homebuilders [Member] \| Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Homebuilders [Member] \| Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	13,493	1,844	17,547	3,543
Homebuyers [Member] \| Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	547,138	454,445	990,422	904,807
Revenue recognized	21,064	15,595	30,640	21,329
Homebuyers [Member] \| Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Central \| Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	389,168	322,154	704,405	666,618
Central \| Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	13,493	1,844	17,547	3,543
Southeast [Domain] \| Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	157,970	132,291	286,017	238,189
Southeast [Domain] \| Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Land Subdivider and Developers
Disaggregation of Revenue [Line Items]
Total revenues	13,493	1,844	17,437	3,543
Land Subdivider and Developers \| Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Homebuilders [Member]
Disaggregation of Revenue [Line Items]
Total revenues	547,138	454,445	990,532	904,807
Homebuilders [Member] \| Land and Lots [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Homebuilders [Member] \| Southeast [Domain]
Disaggregation of Revenue [Line Items]
Total revenues	$ 157,970	$ 132,291	$ 286,017	$ 238,189

Revenue Recognition (Transactio

Revenue Recognition (Transaction Price Allocated to Remaining Performance Obligations) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
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.
Remaining performance obligations	$ 6,400

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenues:
Total revenues	$ 560,631	$ 456,289	$ 1,007,969	$ 908,350
Gross profit:
Gross Profit	189,666	142,935	337,923	267,541
Income before income taxes:
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	139,177	104,212	254,810	191,384
Inventory
Inventory	1,792,056		1,792,056		$ 1,533,223
Goodwill
Goodwill	680		680		680
Inventory	1,792,056		1,792,056		1,533,223
Corporate and Other [Member]
Gross profit:
Gross Profit	(11,074)	(11,669)	(20,879)	(23,485)
Income before income taxes:
Results of Operations, Income before Income Taxes	(8,585)	(4,222)	(3,740)	(8,113)
Goodwill
Inventory	47,787		47,787		43,438
Southeast [Domain]
Goodwill
Goodwill	680		680		680
Homebuilders [Member]
Revenues:
Total revenues	547,138	454,445	990,532	904,807
Gross profit:
Gross Profit	199,965	153,746	357,722	289,480
Income before income taxes:
Results of Operations, Income before Income Taxes	146,220	107,294	256,535	197,582
Goodwill
Inventory	1,010,995		1,010,995		960,074
Homebuilders [Member] \| Southeast [Domain]
Revenues:
Total revenues	157,970	132,291	286,017	238,189
Gross profit:
Gross Profit	57,431	45,868	105,522	79,197
Income before income taxes:
Results of Operations, Income before Income Taxes	41,417	32,494	76,211	54,765
Goodwill
Inventory	333,065		333,065		314,087
Homebuilders [Member] \| Central
Gross profit:
Gross Profit	142,534	107,878	252,200	210,283
Income before income taxes:
Results of Operations, Income before Income Taxes	104,803	74,800	180,324	142,817
Goodwill
Inventory	677,930		677,930		645,987
Homebuilders [Member] \| Central America
Revenues:
Total revenues	389,168	322,154	704,515	666,618
Land Subdivider and Developers
Revenues:
Total revenues	13,493	1,844	17,437	3,543
Gross profit:
Gross Profit	775	858	1,080	1,546
Income before income taxes:
Results of Operations, Income before Income Taxes	1,542	1,140	2,015	1,915
Goodwill
Inventory	733,274		733,274		$ 529,711
Real Estate, Other [Member]
Revenues:
Total revenues	13,493	1,844	17,547	3,543
Real Estate, Other [Member] \| Southeast [Domain]
Revenues:
Total revenues	0	0	0	0
Real Estate, Other [Member] \| Central
Revenues:
Total revenues	13,493	1,844	17,547	3,543
Residential Real Estate [Member]
Revenues:
Total revenues	547,138	454,445	990,422	904,807
Residential Real Estate [Member] \| Southeast [Domain]
Revenues:
Total revenues	157,970	132,291	286,017	238,189
Residential Real Estate [Member] \| Central
Revenues:
Total revenues	389,168	322,154	704,405	666,618
Residential Real Estate [Member] \| Land Subdivider and Developers
Revenues:
Total revenues	0	0	0	0
Land and Lots [Member] \| Homebuilders [Member]
Revenues:
Total revenues	$ 0	$ 0	$ 0	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 23,896	$ 23,148	$ 48,738	$ 42,179
Effective tax rate	17.20%	22.20%	19.10%	22%

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to Green Brick Partners, Inc.	$ 105,358	$ 75,270	$ 188,659	$ 139,450
Preferred Stock Dividends, Income Statement Impact	719	719	1,438	1,438
Net Income (Loss) Available to Common Stockholders, Basic	$ 104,639	$ 74,551	$ 187,221	$ 138,012
Weighted-average number of shares outstanding —basic (in shares)	44,760	45,371	44,826	45,656
Basic net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 2.34	$ 1.64	$ 4.18	$ 3.02
Dilutive effect of stock options and restricted stock awards (in shares)	394	384	451	395
Weighted-average number of shares outstanding —diluted (in shares)	45,154	45,755	45,277	46,051
Diluted net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 2.32	$ 1.63	$ 4.14	$ 3

Net Income Attributable to Gr_4

Net Income Attributable to Green Brick Partners, Inc. Per Share (Antidilutive Options Excluded From Calculation of Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Antidilutive options to purchase common stock and restricted stock awards (in shares)	0	(4)	0	(55)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Carrying Value and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Debt Instrument, Fair Value Disclosure	$ 294,700	$ 322,500
Senior unsecured notes, net	$ 311,398	$ 336,207

Related Party Disclosures (Deta

Related Party Disclosures (Details)	6 Months Ended
Related Party Disclosures (Details)	Jun. 30, 2024 USD ($)
Centre Living
Related Party Transactions [Abstract]
Ownership percentage by noncontrolling owners	10%
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	10%
Ownership percentage by parent	90%
Office Space Lease Agreements
Related Party Transaction [Line Items]
Other Liabilities	$ 0
GHO Homes [Member]
Related Party Transaction [Line Items]
Operating Costs and Expenses	100,000
GHO Homes [Member]
Related Party Transaction [Line Items]
Other Liabilities	$ 0

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Annual Minimum Operating Lease Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Lease liabilities - operating leases	$ 8,756	$ 7,898
Remainder of 2024	721
Operating Leases, Future Minimum Payments, Due in Two Years	1,748
Lessee, Operating Lease, Liability, Payments, Due Year Three	1,722
2021	1,689
Total future lease payments	11,127
Lessee, Operating Lease, Liability, to be Paid, Year One	1,827
Lessee, Operating Lease, Liability, to be Paid, after Year Five	3,420
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	$ 2,371

Commitments and Contingencies O

Commitments and Contingencies Operating Leases Disclosures - ASC 842 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Allowances for option deposits and pre-acquisition costs			$ 12	$ 47
Short-term Lease, Cost	$ 200		400
Operating Lease, Expense	400		800
Operating Lease, Payments	$ 200	$ 400	$ 300	$ 900
Operating Lease, Weighted Average Remaining Lease Term	6 years 3 months 18 days		6 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	7.40%		7.40%