Green Brick Partners (GRBK) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 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	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		44,498,248
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	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 80,069	$ 179,756
Restricted cash	24,579	19,703
Receivables	11,329	10,632
Inventory	1,918,046	1,533,223
Investments in unconsolidated entities	59,356	84,654
Right-of-use assets - operating leases	7,535	7,255
Property and equipment, net	6,901	7,054
Earnest money deposits	13,869	16,619
Deferred income tax assets, net	15,307	15,306
Intangible assets, net	303	367
Goodwill	680	680
Other assets	34,096	27,583
Total assets	2,172,070	1,902,832
Liabilities [Abstract]
Accounts payable	67,346	54,321
Accrued expenses	165,900	96,457
Customer and builder deposits	45,065	43,148
Lease liabilities - operating leases	8,600	7,898
Line of Credit, Current, After Adjustments	1,718	2,328
Senior unsecured notes, net	298,994	336,207
Notes payable	0	12,981
Total liabilities	584,187	548,684
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary	42,841	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 September 30, 2024 and December 31, 2023, respectively	$ 47,603	$ 47,603
Shares, Outstanding	44,498,248	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	$ 445	$ 450
Treasury Stock, Value	0	0
Additional paid-in capital	243,199	255,614
Retained earnings	1,229,490	997,037
Total Green Brick Partners, Inc. stockholders’ equity	1,520,737	1,300,704
Noncontrolling interests	24,305	17,309
Total equity	1,545,042	1,318,013
Total liabilities and equity	$ 2,172,070	$ 1,902,832

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical)	Sep. 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)	44,498,248
Common stock, shares outstanding (in shares)	44,498,248

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Total revenues	$ 523,660	$ 418,978	$ 1,531,629	$ 1,327,328
Total cost of revenues	352,097	279,965	1,022,143	920,774
Total gross profit	171,563	139,013	509,486	406,554
Selling, general and administrative expenses	57,740	46,884	165,912	142,058
Equity in income of unconsolidated entities	992	1,345	4,770	11,265
Other income, net	4,161	4,612	25,442	13,709
Income before income taxes	118,976	98,086	373,786	289,470
Income tax expense	23,078	20,975	71,816	63,154
Net income	95,898	77,111	301,970	226,316
Net income attributable to noncontrolling interests	6,787	4,955	24,200	14,710
Net income attributable to Green Brick Partners, Inc.	$ 89,111	$ 72,156	$ 277,770	$ 211,606
Net income attributable to Green Brick Partners, Inc. per common share:
Basic (in dollars per share)	$ 1.99	$ 1.58	$ 6.18	$ 4.60
Diluted (in dollars per share)	$ 1.98	$ 1.56	$ 6.12	$ 4.55
Basic (in shares)	44,457	45,320	44,614	45,543
Diluted (in shares)	44,530	45,792	45,019	45,988
Residential Real Estate [Member]
Total revenues	$ 522,859	$ 415,923	$ 1,513,281	$ 1,320,730
Total cost of revenues	351,666	277,446	1,005,162	915,600
Real Estate, Other [Member]
Total revenues	801	3,055	18,348	6,598
Total cost of revenues	$ 431	$ 2,519	$ 16,981	$ 5,174

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 September 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	(208,882)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition							$ 1,393
Dividends	$ (2,156)			$ (2,156)			(2,156)
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.	211,606			211,606			211,606
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					$ 9,579
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	221,185
Temporary Equity, Accretion to Redemption Value, Adjustment	(2,706)	(2,706)					(2,706)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	$ (5,232)	(5,230)	$ (2)				(5,232)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	(59,857)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (1,976)	1,976	0				(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	$ 14,056				14,056
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	$ 1,393	1,393
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 September 30, 2024 and December 31, 2023, respectively	$ 47,696
Preferred stock, shares outstanding (in shares)	2,000
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
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			(314)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	363	363					363
Dividends	(718)			(718)			(718)
Noncontrolling Interest, Change in Redemption Value	569
Net income attributable to Green Brick Partners, Inc.	72,156			72,156			72,156
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					3,283
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	75,439
Temporary Equity, Accretion to Redemption Value, Adjustment	$ (569)	(569)					(569)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders					3,000
Common stock, shares issued (in shares)	45,378,364
Common Stock, Value, Issued	$ 454
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of September 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	0
Treasury Stock, Value	$ 0
Additional paid-in capital	256,759
Retained Earnings (Accumulated Deficit)	940,400
Stockholders' Equity Attributable to Parent	1,245,216
Stockholders' Equity Attributable to Noncontrolling Interest	16,431
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,261,647
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 September 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			(639,079)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	1,865	1,865					1,865
Dividends	(2,156)			(2,156)			(2,156)
Stock Repurchased During Period, Value	(48,035)					$ (48,035)	(48,035)
Stock Repurchased and Retired During Period, Shares			860,659			860,659
Treasury Stock, Retired, Cost Method, Amount		(4,865)		(43,161)		$ (48,035)
Noncontrolling Interest, Change in Redemption Value	(3,924)	(3,924)					(3,924)
Net income attributable to Green Brick Partners, Inc.	277,770			277,770			277,770
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					18,781
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	296,551
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	(5,850)	(5,843)	$ (7)				(5,850)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			(285,347)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(11,337)	(11,334)	$ 3				(11,337)
Stock Repurchased During Period, Shares						(860,659)
Stock Repurchased and Retired During Period, Value			$ (9)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 11,785				11,785
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 September 30, 2024 and December 31, 2023, respectively	$ 47,603
Preferred stock, shares outstanding (in shares)	2,000
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
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			(2,302)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	572	572					572
Dividends	(719)			(719)			(719)
Stock Repurchased During Period, Value	(5,445)					$ (5,445)	(5,445)
Stock Repurchased and Retired During Period, Shares			401,003
Treasury Stock, Retired, Cost Method, Amount	0	(2,219)	$ (4)	(20,414)		$ (22,637)	0
Noncontrolling Interest, Change in Redemption Value	(1,958)	(1,958)					(1,958)
Net income attributable to Green Brick Partners, Inc.	89,111			$ 89,111			89,111
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest					4,787
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	93,898
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture		0	$ 0
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			(826)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ (59)	$ (59)	$ 0				$ 59
Stock Repurchased During Period, Shares						(97,679)
Treasury Stock, Shares, Retired						401,003
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders					$ 5,000
Common stock, shares issued (in shares)	44,498,248
Common Stock, Value, Issued	$ 445
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of September 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	0
Treasury Stock, Value	$ 0
Additional paid-in capital	243,199
Retained Earnings (Accumulated Deficit)	1,229,490
Stockholders' Equity Attributable to Parent	1,520,737
Stockholders' Equity Attributable to Noncontrolling Interest	24,305
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,545,042

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 301,970	$ 226,316
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	3,624	2,442
Loss (gain) on disposal of property and equipment, net	75	(70)
Share-based compensation expense	7,715	6,333
Equity in income of unconsolidated entities	(4,770)	(11,265)
Allowances for option deposits and pre-acquisition costs	185	54
Equity Method Investment, Realized Gain (Loss) on Disposal	(10,718)
Distributions of income from unconsolidated entities	2,664	10,489
Changes in operating assets and liabilities:
Increase in receivables	(697)	(4,667)
Increase in inventory	(383,927)	(38,602)
Decrease in earnest money deposits	2,750	5,697
Increase in other assets	(6,275)	(6,835)
Increase in accounts payable	13,026	4,761
Increase in accrued expenses	69,438	19,920
Increase in customer and builder deposits	1,918	18,126
Net cash (used in) provided by operating activities	(3,022)	232,699
Proceeds from Sale of Equity Method Investments	63,960
Cash flows from investing activities:
Investments in unconsolidated entities	(25,838)	(5,210)
Purchase of property and equipment, net of disposals	(3,482)	(4,789)
Net cash provided by (used in) investing activities	34,640	(9,999)
Cash flows from financing activities:
Borrowings from lines of credit	26,000	22,000
Repayments of lines of credit	(26,000)	(42,000)
Repayments of Unsecured Debt	(37,500)	0
Proceeds from notes payable	0	63
Repayments of notes payable	(12,981)	(1,687)
Payments of debt issuance costs	0	(73)
Payments of withholding tax on vesting of restricted stock awards	(11,335)	(1,976)
Repurchases of common stock	(48,035)	(27,991)
Dividends paid	(2,156)	(2,156)
Proceeds from Issuance of Preferred Stock and Preference Stock		(93)
Distributions to redeemable noncontrolling interest	(2,637)	(1,840)
Distributions to noncontrolling interests	(11,785)	(14,056)
Net cash used in financing activities	(126,429)	(69,809)
Net (decrease) increase in cash and cash equivalents and restricted cash	(94,811)	152,891
Cash and cash equivalents and restricted cash, beginning of period	199,459	93,270
Cash and cash equivalents and restricted cash, end of period	104,648	246,161
Supplemental Cash Flow Information [Abstract]
Income Taxes Paid, Net	$ 28,216	$ 65,802

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
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 nine months ended September 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”, “our”, “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	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory	A summary of inventory is as follows (in thousands): September 30, 2024 December 31, 2023 Homes completed or under construction $ 689,488 $ 559,488 Land and lots - developed and under development 1,206,257 921,241 Land held for future development (1) 14,946 48,991 Land held for sale 7,355 3,503 Total inventory $ 1,918,046 $ 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 September 30, 2024, the Company reviewed the performance and outlook for all of its communities and land inventory for indicators of potential impairment and performed a detailed impairment analysis when such indicators were identified. As of September 30, 2024, one selling community had an indicator of impairment with a carrying value of approximately $18.5 million. For the three and nine months ended September 30, 2024, the Company recorded a $1.3 million impairment adjustment to reduce the carrying value of the impaired community to fair value. For the three and nine months ended September 30, 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Interest capitalized at beginning of period $ 25,234 $ 22,599 $ 24,126 $ 22,752 Interest incurred 3,375 3,641 10,298 11,008 Interest charged to cost of revenues (2,864) (2,971) (8,679) (10,491) Interest capitalized at end of period $ 25,745 $ 23,269 $ 25,745 $ 23,269 Capitalized interest as a percentage of inventory 1.3 % 1.6 %

Payables and Accruals

Payables and Accruals	9 Months Ended
	Sep. 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): September 30, 2024 December 31, 2023 Federal income tax payable (1) $ 39,328 $ — Real estate development reserve to complete (2) 35,349 26,063 Warranty reserve 29,031 23,474 Accrued compensation 21,660 14,960 Accrued property tax payable 15,944 5,003 Other accrued expenses 24,588 26,957 Total accrued expenses $ 165,900 $ 96,457 (1) 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. (2) The Company’s real estate development reserve to complete consists of estimated future costs to complete the development of its communities. Warranties Warranty accruals are included within accrued expenses on the condensed consolidated balance sheets. Warranty activity during the three and nine months ended September 30, 2024 and 2023 consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Warranty accrual, beginning of period $ 27,139 $ 20,824 $ 23,474 $ 17,945 Warranties issued 3,082 2,568 9,208 7,489 Changes in liability for existing warranties 264 57 515 608 Payments made (1,454) (1,440) (4,166) (4,033) Warranty accrual, end of period $ 29,031 $ 22,009 $ 29,031 $ 22,009

Investments, Equity Method and

Investments, Equity Method and Joint Ventures	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	A summary of the Company’s investments in unconsolidated entities is as follows (in thousands): September 30, 2024 December 31, 2023 GBTM Sendera, LLC $ 21,985 $ 19,866 EJB River Holdings, LLC 12,812 10,867 Rainwater Crossing Single-Family, LLC 12,714 — TMGB Magnolia Ridge, LLC 11,005 — BHome Mortgage, LLC 840 1,255 GB Challenger, LLC (1) — 52,666 Total investment in unconsolidated entities $ 59,356 $ 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 In February 2024, GRBK Edgewood, LLC (“GRBK Edgewood”) 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 Rainwater Crossing is a VIE and the Company 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 September 30, 2024, the Company’s maximum exposure to loss as a result from its involvement with Rainwater Crossing was approximately $24.9 million, representing its $12.7 million investment and the Company’s remaining commitment to contribute to the joint venture $12.2 million in quarterly payments through March 31, 2029. The Company is also required to fund the remaining development costs related to this project. TMGB Magnolia Ridge, LLC Joint Venture In September 2024, TMGB Magnolia Ridge, LLC (“Magnolia Ridge”) was formed by GRBK Edgewood and TM Magnolia Ridge, LLC (“TM Magnolia Ridge”) with the purpose to acquire and develop a tract of land in Denton County, Texas. Both parties hold a 50% ownership interest in Magnolia Ridge. During the three months ended September 30, 2024, Magnolia Ridge received two initial contributions of $11.0 million from its two members, GBRK Edgewood and TM Magnolia Ridge. Per the Magnolia Ridge company agreement, GRBK Edgewood and TM Magnolia Ridge share equally in the profits and losses of Magnolia Ridge, with the exception of certain customary fees. Following the analysis of the above facts and provisions of the Magnolia Ridge company agreement, the Company has determined that Magnolia Ridge is a JV to be evaluated under the voting interest model. Therefore, the Company’s investment in Magnolia Ridge 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 September 30, 2024, the Company’s maximum exposure to loss as a result of its involvement with Magnolia Ridge, was $33.5 million representing the Company’s investment in Magnolia Ridge of $11.0 million and up to a $22.5 million completion guarantee on the JV’s revolving loan to fund its development activities. A summary of the unaudited condensed financial information of the unconsolidated entities as of September 30, 2024 and December 31, 2023 that are accounted for by the equity method is as follows (in thousands): September 30, 2024 December 31, 2023 Assets: Cash $ 9,309 $ 23,549 Accounts receivable 707 4,207 Bonds and notes receivable 12,211 2,838 Loans held for sale, at fair value 2,901 7,452 Inventory 101,678 182,550 Other assets 2,043 6,425 Total assets $ 128,849 $ 227,021 Liabilities: Accounts payable $ 4,453 $ 7,151 Accrued expenses and other liabilities 1,976 10,265 Notes payable 16,071 49,701 Total liabilities 22,500 67,117 Owners’ equity: Green Brick 57,262 80,968 Others 49,087 78,936 Total owners’ equity 106,349 159,904 Total liabilities and owners’ equity $ 128,849 $ 227,021 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues $ 6,498 $ 66,782 $ 44,315 $ 199,852 Costs and expenses 4,499 66,844 34,686 179,990 Net earnings (loss) of unconsolidated entities $ 1,999 $ (62) $ 9,629 $ 19,862 Company’s share in net earnings of unconsolidated entities $ 992 $ 1,345 $ 4,770 $ 11,265 A summary of the Company’s share in net earnings by unconsolidated entity is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 EJB River Holdings, LLC 655 770 1,945 1,844 BHome Mortgage, LLC 337 646 1,896 1,980 GB Challenger, LLC (1) $ — $ (71) $ 929 $ 7,441 Total net earnings (loss) from unconsolidated entities $ 992 $ 1,345 $ 4,770 $ 11,265

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt Disclosure	Lines of Credit Borrowings on lines of credit outstanding, net of debt issuance costs, as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, 2024 December 31, 2023 Secured Revolving Credit Facility $ — $ — Unsecured Revolving Credit Facility — — Debt issuance costs, net of amortization (1,718) (2,328) Total borrowings on lines of credit, net $ (1,718) $ (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 September 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. Outstanding balances under the Unsecured Revolving Credit Facility are 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 September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, 2024 December 31, 2023 4.00% senior unsecured notes due in 2026 (“2026 Notes”) $ 62,500 $ 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 (1,006) (1,293) Total senior unsecured notes, net $ 298,994 $ 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 of $12.5 million is due on August 8, 2025 and the remaining principal amount 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 September 30, 2024.

Business Combination

Business Combination	9 Months Ended
	Sep. 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 nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, 2024 2023 Redeemable noncontrolling interest, beginning of period $ 38,883 $ 32,995 Net income attributable to redeemable noncontrolling interest partner 2,000 1,672 Distributions of income to redeemable noncontrolling interest partner — — Change in fair value of redeemable noncontrolling interest 1,958 569 Redeemable noncontrolling interest, end of period $ 42,841 $ 35,236 Nine Months Ended September 30, 2024 2023 Redeemable noncontrolling interest, beginning of period $ 36,135 $ 29,239 Net income attributable to redeemable noncontrolling interest partner 5,419 5,131 Distributions of income to redeemable noncontrolling interest partner (2,637) (1,840) Change in fair value of redeemable noncontrolling interest 3,924 2,706 Redeemable noncontrolling interest, end of period $ 42,841 $ 35,236

Equity

Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders' Equity Note Disclosure	2022 Share Repurchase Program During the nine month period ended September 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 of directors (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 nine months ended September 30, 2024, the Company repurchased 97,679 and 795,178 shares, respectively, for approximately $5.4 million and $44.1 million, excluding excise tax. As of September 30, 2024, the remaining dollar value of shares that may be repurchased under the 2023 Repurchase Plan was $55.9 million, excluding excise tax. As of September 30, 2024, all repurchased shares were retired. Preferred Stock The table below presents a summary of the perpetual preferred stock outstanding at September 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 $2.2 million for each of the three and nine months ended September 30, 2024 and 2023.

Compensation Related Costs, Sha

Compensation Related Costs, Share Based Payments	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	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 Green Brick Partners, Inc. 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 2014 Omnibus Equity Incentive Plan. Share-Based Award Activity During the nine months ended September 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 nine months ended September 30, 2024. The Company withheld 285,347 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 nine months ended September 30, 2024 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share Unvested, December 31, 2023 92 $ 33.56 Granted 187 $ 53.04 Vested (152) $ 46.52 Forfeited (1) $ 37.12 Unvested, September 30, 2024 126 $ 46.84 Stock Options A summary of stock options activity during the nine months ended September 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, September 30, 2024 — $ — — $ — Options exercisable, September 30, 2024 — $ — — $ — Share-Based Compensation Expense Share-based compensation expense was $0.6 million and $0.3 million for the three months ended September 30, 2024 and 2023, respectively. For the nine months ended September 30, 2024 and 2023, share-based compensation expense was $7.7 million and $6.3 million, respectively.

Revenue from Contract with Cust

Revenue from Contract with Customer	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
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 nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 389,697 $ 801 $ 293,640 $ 2,580 Southeast 133,162 — 122,283 475 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Type of Customer Homebuyers $ 522,859 $ — $ 415,923 $ — Homebuilders and Multi-family Developers — 801 — 3,055 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Product Type Residential units $ 522,859 $ — $ 415,923 $ — Land and lots — 801 — 3,055 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Timing of Revenue Recognition Transferred at a point in time $ 522,859 $ 801 $ 415,827 $ 3,055 Transferred over time (1) — — 96 — Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 (1) Revenue recognized over time represents revenue from mechanic’s lien contracts. Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 1,094,102 $ 18,348 $ 960,258 $ 6,123 Southeast 419,179 — 360,472 475 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Type of Customer Homebuyers $ 1,513,281 $ — $ 1,320,730 $ — Homebuilders and Multi-family Developers — 18,348 — 6,598 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Product Type Residential units $ 1,513,281 $ — $ 1,320,730 $ — Land and lots — 18,348 — 6,598 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Timing of Revenue Recognition Transferred at a point in time $ 1,512,901 $ 18,348 $ 1,319,393 $ 6,598 Transferred over time (1) 380 — 1,337 — Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 (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): September 30, 2024 December 31, 2023 Customer and builder deposits $ 45,065 $ 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, net of any forfeitures from 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 nine months ended September 30, 2024 and 2023 are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Homebuyer deposits recognized as revenue $ 18,190 $ 13,537 $ 38,797 $ 25,329 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 $5.6 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 $5.0 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	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues: (1) Builder operations Central $ 389,697 $ 293,640 $ 1,094,212 $ 960,258 Southeast 133,162 122,758 419,179 360,947 Total builder operations 522,859 416,398 1,513,391 1,321,205 Land development 801 2,580 18,238 6,123 Total revenues $ 523,660 $ 418,978 $ 1,531,629 $ 1,327,328 Gross profit: Builder operations Central $ 134,759 $ 108,699 $ 386,959 $ 318,982 Southeast 47,749 40,931 153,271 120,128 Total builder operations 182,508 149,630 540,230 439,110 Land development 447 737 1,527 2,283 Corporate, other and unallocated (2) (11,392) (11,354) (32,271) (34,839) Total gross profit $ 171,563 $ 139,013 $ 509,486 $ 406,554 Income before income taxes: Builder operations Central $ 95,223 $ 76,967 $ 275,547 $ 219,784 Southeast 33,601 27,204 109,812 81,969 Total builder operations 128,824 104,171 385,359 301,753 Land development 361 1,148 2,376 3,063 Corporate, other and unallocated (3) (10,209) (7,233) (13,949) (15,346) Income before income taxes $ 118,976 $ 98,086 $ 373,786 $ 289,470 September 30, 2024 December 31, 2023 Inventory: Builder operations Central $ 743,588 $ 645,987 Southeast 348,393 314,087 Total builder operations 1,091,981 960,074 Land development 777,154 529,711 Corporate, other and unallocated (4) 48,911 43,438 Total inventory $ 1,918,046 $ 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. No land or lot closings revenue was recognized for the three months ended September 30, 2024. For the nine months ended September 30, 2024, land and lot closings revenue was $0.1 million, while $0.5 million was recognized for the three and nine months ended September 30, 2023. (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, GRBK Mortgage, 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	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure	The Company’s income tax expense for the three and nine months ended September 30, 2024 was $23.1 million and $71.8 million, respectively, compared to $21.0 million and $63.2 million in the prior year periods. The effective tax rate was 19.4% and 19.2% for the three and nine months ended September 30, 2024, respectively, compared to 21.4% and 21.8% in the comparable prior year periods. The change in the effective tax rate for the three and nine months ended September 30, 2024 is primarily due to an improved rate benefit in the Energy Efficient Homes Tax credit as compared to pre-tax book income, lower state tax rates, and a discrete tax benefit for equity compensation deductions.

Net Income Attributable to Gree

Net Income Attributable to Green Brick Partners, Inc. Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income Attributable to Green Brick Partners, Inc. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to Green Brick Partners, Inc. $ 89,111 $ 72,156 $ 277,770 $ 211,606 Preferred dividends (719) (719) (2,156) (2,156) Net income applicable to common stockholders 88,392 71,437 275,614 209,450 Weighted-average number of common shares outstanding - basic 44,457 45,320 44,614 45,543 Basic net income attributable to Green Brick Partners, Inc. per common share $ 1.99 $ 1.58 $ 6.18 $ 4.60 Weighted-average number of common shares outstanding - basic 44,457 45,320 44,614 45,543 Dilutive effect of stock options and restricted stock awards 73 472 405 445 Weighted-average number of common shares outstanding - diluted 44,530 45,792 45,019 45,988 Diluted net income attributable to Green Brick Partners, Inc. per common share $ 1.98 $ 1.56 $ 6.12 $ 4.55 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Antidilutive options to purchase common stock and restricted stock awards — — (3) (24)

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
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 September 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 $289.7 million and $322.5 million as of September 30, 2024 and December 31, 2023, respectively. The aggregate principal balance of the senior unsecured notes was $300.0 million as of September 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 nine months ended September 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	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	During the three and nine months ended September 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 nine months ended September 30, 2024 and 2023, GRBK GHO incurred de minimis and $0.1 million rent expense, respectively, under such lease agreements. As of September 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	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Letters of Credit Outstanding, Amount	$ 16.8	$ 13.5
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 September 30, 2024 and December 31, 2023, letters of credit and performance bonds outstanding were $16.8 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 $1.2 million for the three and nine months ended September 30, 2024, respectively, and $0.6 million and $1.4 million for the three and nine months ended September 30, 2023, respectively, is included in selling, general and administrative expenses in the condensed consolidated statements of income. Cash paid for amounts included in the measurement of operating lease liabilities was $0.3 million and $0.6 million for the three and nine months ended September 30, 2024, respectively, and $0.4 million and $1.3 million in the prior year periods. As of September 30, 2024, the weighted-average remaining lease term and the weighted-average discount rate used in calculating the Company’s lease liabilities were 6.1 years and 7.5%, 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 September 30, 2024 are presented below (in thousands): Remainder of 2024 $ 410 2025 1,827 2026 1,748 2027 1,722 2028 1,689 Thereafter 3,420 Total future lease payments 10,816 Less: Interest 2,216 Present value of lease liabilities $ 8,600 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 $0.6 million for the three and nine months ended September 30, 2024, respectively, and $0.2 million and $0.7 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)	9 Months Ended
	Sep. 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 nine months ended September 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”, “our”, “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)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Real Estate Inventory	A summary of inventory is as follows (in thousands): September 30, 2024 December 31, 2023 Homes completed or under construction $ 689,488 $ 559,488 Land and lots - developed and under development 1,206,257 921,241 Land held for future development (1) 14,946 48,991 Land held for sale 7,355 3,503 Total inventory $ 1,918,046 $ 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 September 30, 2024, the Company reviewed the performance and outlook for all of its communities and land inventory for indicators of potential impairment and performed a detailed impairment analysis when such indicators were identified. As of September 30, 2024, one selling community had an indicator of impairment with a carrying value of approximately $18.5 million. For the three and nine months ended September 30, 2024, the Company recorded a $1.3 million impairment adjustment to reduce the carrying value of the impaired community to fair value. For the three and nine months ended September 30, 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Interest capitalized at beginning of period $ 25,234 $ 22,599 $ 24,126 $ 22,752 Interest incurred 3,375 3,641 10,298 11,008 Interest charged to cost of revenues (2,864) (2,971) (8,679) (10,491) Interest capitalized at end of period $ 25,745 $ 23,269 $ 25,745 $ 23,269 Capitalized interest as a percentage of inventory 1.3 % 1.6 %

Payables and Accruals (Tables)

Payables and Accruals (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	September 30, 2024 December 31, 2023 Federal income tax payable (1) $ 39,328 $ — Real estate development reserve to complete (2) 35,349 26,063 Warranty reserve 29,031 23,474 Accrued compensation 21,660 14,960 Accrued property tax payable 15,944 5,003 Other accrued expenses 24,588 26,957 Total accrued expenses $ 165,900 $ 96,457
Schedule of Warranty Activity	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Warranty accrual, beginning of period $ 27,139 $ 20,824 $ 23,474 $ 17,945 Warranties issued 3,082 2,568 9,208 7,489 Changes in liability for existing warranties 264 57 515 608 Payments made (1,454) (1,440) (4,166) (4,033) Warranty accrual, end of period $ 29,031 $ 22,009 $ 29,031 $ 22,009

Investment in Unconsolidated En

Investment in Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 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): September 30, 2024 December 31, 2023 GBTM Sendera, LLC $ 21,985 $ 19,866 EJB River Holdings, LLC 12,812 10,867 Rainwater Crossing Single-Family, LLC 12,714 — TMGB Magnolia Ridge, LLC 11,005 — BHome Mortgage, LLC 840 1,255 GB Challenger, LLC (1) — 52,666 Total investment in unconsolidated entities $ 59,356 $ 84,654 (1) Effective February 1, 2024, the Company sold its ownership interest in GB Challenger, LLC for approximately $64.0 million in cash.
Investment in Unconsolidated Entities	A summary of the Company’s investments in unconsolidated entities is as follows (in thousands): September 30, 2024 December 31, 2023 GBTM Sendera, LLC $ 21,985 $ 19,866 EJB River Holdings, LLC 12,812 10,867 Rainwater Crossing Single-Family, LLC 12,714 — TMGB Magnolia Ridge, LLC 11,005 — BHome Mortgage, LLC 840 1,255 GB Challenger, LLC (1) — 52,666 Total investment in unconsolidated entities $ 59,356 $ 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 In February 2024, GRBK Edgewood, LLC (“GRBK Edgewood”) 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 Rainwater Crossing is a VIE and the Company 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 September 30, 2024, the Company’s maximum exposure to loss as a result from its involvement with Rainwater Crossing was approximately $24.9 million, representing its $12.7 million investment and the Company’s remaining commitment to contribute to the joint venture $12.2 million in quarterly payments through March 31, 2029. The Company is also required to fund the remaining development costs related to this project. TMGB Magnolia Ridge, LLC Joint Venture In September 2024, TMGB Magnolia Ridge, LLC (“Magnolia Ridge”) was formed by GRBK Edgewood and TM Magnolia Ridge, LLC (“TM Magnolia Ridge”) with the purpose to acquire and develop a tract of land in Denton County, Texas. Both parties hold a 50% ownership interest in Magnolia Ridge. During the three months ended September 30, 2024, Magnolia Ridge received two initial contributions of $11.0 million from its two members, GBRK Edgewood and TM Magnolia Ridge. Per the Magnolia Ridge company agreement, GRBK Edgewood and TM Magnolia Ridge share equally in the profits and losses of Magnolia Ridge, with the exception of certain customary fees. Following the analysis of the above facts and provisions of the Magnolia Ridge company agreement, the Company has determined that Magnolia Ridge is a JV to be evaluated under the voting interest model. Therefore, the Company’s investment in Magnolia Ridge 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 September 30, 2024, the Company’s maximum exposure to loss as a result of its involvement with Magnolia Ridge, was $33.5 million representing the Company’s investment in Magnolia Ridge of $11.0 million and up to a $22.5 million completion guarantee on the JV’s revolving loan to fund its development activities. A summary of the unaudited condensed financial information of the unconsolidated entities as of September 30, 2024 and December 31, 2023 that are accounted for by the equity method is as follows (in thousands): September 30, 2024 December 31, 2023 Assets: Cash $ 9,309 $ 23,549 Accounts receivable 707 4,207 Bonds and notes receivable 12,211 2,838 Loans held for sale, at fair value 2,901 7,452 Inventory 101,678 182,550 Other assets 2,043 6,425 Total assets $ 128,849 $ 227,021 Liabilities: Accounts payable $ 4,453 $ 7,151 Accrued expenses and other liabilities 1,976 10,265 Notes payable 16,071 49,701 Total liabilities 22,500 67,117 Owners’ equity: Green Brick 57,262 80,968 Others 49,087 78,936 Total owners’ equity 106,349 159,904 Total liabilities and owners’ equity $ 128,849 $ 227,021 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues $ 6,498 $ 66,782 $ 44,315 $ 199,852 Costs and expenses 4,499 66,844 34,686 179,990 Net earnings (loss) of unconsolidated entities $ 1,999 $ (62) $ 9,629 $ 19,862 Company’s share in net earnings of unconsolidated entities $ 992 $ 1,345 $ 4,770 $ 11,265 A summary of the Company’s share in net earnings by unconsolidated entity is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 EJB River Holdings, LLC 655 770 1,945 1,844 BHome Mortgage, LLC 337 646 1,896 1,980 GB Challenger, LLC (1) $ — $ (71) $ 929 $ 7,441 Total net earnings (loss) from unconsolidated entities $ 992 $ 1,345 $ 4,770 $ 11,265

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, 2024 December 31, 2023 Secured Revolving Credit Facility $ — $ — Unsecured Revolving Credit Facility — — Debt issuance costs, net of amortization (1,718) (2,328) Total borrowings on lines of credit, net $ (1,718) $ (2,328)
Schedule of Accounts, Notes, Loans and Financing Receivable	Senior Unsecured Notes Senior Unsecured Notes, net of debt issuance costs, as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, 2024 December 31, 2023 4.00% senior unsecured notes due in 2026 (“2026 Notes”) $ 62,500 $ 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 (1,006) (1,293) Total senior unsecured notes, net $ 298,994 $ 336,207

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, 2024 2023 Redeemable noncontrolling interest, beginning of period $ 38,883 $ 32,995 Net income attributable to redeemable noncontrolling interest partner 2,000 1,672 Distributions of income to redeemable noncontrolling interest partner — — Change in fair value of redeemable noncontrolling interest 1,958 569 Redeemable noncontrolling interest, end of period $ 42,841 $ 35,236

Compensation Related Costs, S_2

Compensation Related Costs, Share Based Payments (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Awards Activity	A summary of share-based awards activity during the nine months ended September 30, 2024 is as follows: Number of Shares Weighted Average Grant Date Fair Value per Share Unvested, December 31, 2023 92 $ 33.56 Granted 187 $ 53.04 Vested (152) $ 46.52 Forfeited (1) $ 37.12 Unvested, September 30, 2024 126 $ 46.84

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues: (1) Builder operations Central $ 389,697 $ 293,640 $ 1,094,212 $ 960,258 Southeast 133,162 122,758 419,179 360,947 Total builder operations 522,859 416,398 1,513,391 1,321,205 Land development 801 2,580 18,238 6,123 Total revenues $ 523,660 $ 418,978 $ 1,531,629 $ 1,327,328 Gross profit: Builder operations Central $ 134,759 $ 108,699 $ 386,959 $ 318,982 Southeast 47,749 40,931 153,271 120,128 Total builder operations 182,508 149,630 540,230 439,110 Land development 447 737 1,527 2,283 Corporate, other and unallocated (2) (11,392) (11,354) (32,271) (34,839) Total gross profit $ 171,563 $ 139,013 $ 509,486 $ 406,554 Income before income taxes: Builder operations Central $ 95,223 $ 76,967 $ 275,547 $ 219,784 Southeast 33,601 27,204 109,812 81,969 Total builder operations 128,824 104,171 385,359 301,753 Land development 361 1,148 2,376 3,063 Corporate, other and unallocated (3) (10,209) (7,233) (13,949) (15,346) Income before income taxes $ 118,976 $ 98,086 $ 373,786 $ 289,470 September 30, 2024 December 31, 2023 Inventory: Builder operations Central $ 743,588 $ 645,987 Southeast 348,393 314,087 Total builder operations 1,091,981 960,074 Land development 777,154 529,711 Corporate, other and unallocated (4) 48,911 43,438 Total inventory $ 1,918,046 $ 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. No land or lot closings revenue was recognized for the three months ended September 30, 2024. For the nine months ended September 30, 2024, land and lot closings revenue was $0.1 million, while $0.5 million was recognized for the three and nine months ended September 30, 2023. (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, GRBK Mortgage, 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to Green Brick Partners, Inc. $ 89,111 $ 72,156 $ 277,770 $ 211,606 Preferred dividends (719) (719) (2,156) (2,156) Net income applicable to common stockholders 88,392 71,437 275,614 209,450 Weighted-average number of common shares outstanding - basic 44,457 45,320 44,614 45,543 Basic net income attributable to Green Brick Partners, Inc. per common share $ 1.99 $ 1.58 $ 6.18 $ 4.60 Weighted-average number of common shares outstanding - basic 44,457 45,320 44,614 45,543 Dilutive effect of stock options and restricted stock awards 73 472 405 445 Weighted-average number of common shares outstanding - diluted 44,530 45,792 45,019 45,988 Diluted net income attributable to Green Brick Partners, Inc. per common share $ 1.98 $ 1.56 $ 6.12 $ 4.55
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Antidilutive options to purchase common stock and restricted stock awards — — (3) (24)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 are presented below (in thousands): Remainder of 2024 $ 410 2025 1,827 2026 1,748 2027 1,722 2028 1,689 Thereafter 3,420 Total future lease payments 10,816 Less: Interest 2,216 Present value of lease liabilities $ 8,600

Significant Accounting Policies

Significant Accounting Policies Leases, Adoption of ASC 842 (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Lease liabilities - operating leases	$ 8,600	$ 7,898
Right-of-use assets - operating leases	$ 7,535	$ 7,255

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished Homes and Homes under Construction	$ 689,488		$ 559,488
Land and lots - developed and under development	1,206,257		921,241
Land Available for Development	14,946		48,991
Inventory, Land Held-for-sale	7,355		3,503
Total inventory	$ 1,918,046		1,533,223
Document Period End Date	Sep. 30, 2024
Allowances for option deposits and pre-acquisition costs	$ 185	$ 54
Inventory [Line Items]
Finished Homes and Homes under Construction	689,488		559,488
Land and lots - developed and under development	1,206,257		921,241
Land Available for Development	14,946		48,991
Inventory, Land Held-for-sale	7,355		$ 3,503
Impairment of Real Estate	$ 1,300

Inventory (Capitalization of In

Inventory (Capitalization of Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized at beginning of period	$ 25,234	$ 22,599	$ 24,126	$ 22,752
Interest incurred	3,375	3,641	10,298	11,008
Interest charged to cost of revenues	(2,864)	(2,971)	(8,679)	(10,491)
Interest capitalized at end of period	$ 25,745	$ 23,269	$ 25,745	$ 23,269
Document Period End Date			Sep. 30, 2024
Capitalized interest as a percentage of inventory	1.30%	1.60%

Payables and Accruals (Details)

Payables and Accruals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty accrual, beginning of period	$ 27,139	$ 20,824	$ 23,474	$ 17,945
Warranties issued	3,082	2,568	9,208	7,489
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties	264	57	515	608
Payments made	(1,454)	(1,440)	(4,166)	(4,033)
Warranty accrual, end of period	29,031	22,009	29,031	22,009
Accrued liabilities [Line Items]
Standard Product Warranty Accrual	29,031	$ 22,009	29,031	$ 22,009	$ 23,474
Accrued expenses	165,900		165,900		96,457
Accrued Expenses
Accrued liabilities [Line Items]
Inventory, Real Estate, Land and Land Development Costs	35,349		35,349		26,063
Accrued Income Taxes	15,944		15,944		5,003
Accrued Bonuses	21,660		21,660		14,960
Other Accrued Liabilities	$ 24,588		$ 24,588		$ 26,957

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Summary of Financial Information of Investment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	$ 992	$ 1,345	$ 4,770	$ 11,265
Assets	2,172,070		2,172,070			$ 1,902,832
Liabilities	584,187		584,187			548,684
Stockholders' Equity Attributable to Parent	1,520,737	1,245,216	1,520,737	1,245,216	$ 1,439,235	1,300,704	$ 1,174,077	$ 1,061,907
Stockholders' Equity Attributable to Noncontrolling Interest	24,305	16,431	24,305	16,431	24,518	17,309	16,148	20,908
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,545,042	1,261,647	1,545,042	1,261,647	1,463,753	1,318,013	1,190,225	1,082,815
Liabilities and Equity	2,172,070		2,172,070			1,902,832
Total revenues	523,660	418,978	1,531,629	1,327,328
Net income	95,898	77,111	301,970	226,316
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	992	1,345	4,770	11,265
Stockholders' Equity Attributable to Noncontrolling Interest	24,305	16,431	24,305	16,431	24,518	17,309	16,148	20,908
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,545,042	1,261,647	1,545,042	1,261,647	1,463,753	1,318,013	1,190,225	1,082,815
Total revenues	523,660	418,978	1,531,629	1,327,328
Net income	95,898	77,111	301,970	226,316
Assets	2,172,070		2,172,070			1,902,832
Liabilities	584,187		584,187			548,684
Stockholders' Equity Attributable to Parent	1,520,737	1,245,216	1,520,737	1,245,216	$ 1,439,235	1,300,704	$ 1,174,077	$ 1,061,907
Liabilities and Equity	2,172,070		2,172,070			1,902,832
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Company’s share in net earnings of unconsolidated entities	992	1,345	4,770	11,265
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	992	1,345	4,770	11,265
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Income Statement [Abstract]
Assets	128,849		128,849			227,021
Liabilities	22,500		22,500			67,117
Stockholders' Equity Attributable to Parent	57,262		57,262			80,968
Stockholders' Equity Attributable to Noncontrolling Interest	49,087		49,087			78,936
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	106,349		106,349			159,904
Liabilities and Equity	128,849		128,849			227,021
Total revenues	6,498	66,782	44,315	199,852
Cash	9,309		9,309			23,549
Schedule of Equity Method Investments [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	49,087		49,087			78,936
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	106,349		106,349			159,904
Total revenues	6,498	66,782	44,315	199,852
Accounts and Other Receivables, Net, Current	707		707			4,207
Financing Receivable, after Allowance for Credit Loss	12,211		12,211			2,838
Financing Receivable, Held-for-Sale	2,901		2,901			7,452
Inventory, Net	101,678		101,678			182,550
Other Assets, Current	2,043		2,043			6,425
Accounts Payable, Current	4,453		4,453			7,151
Accrued Liabilities, Current	1,976		1,976			10,265
Notes Payable, Current	16,071		16,071			49,701
Costs and Expenses	4,499	$ 66,844	34,686	$ 179,990
Assets	128,849		128,849			227,021
Cash	9,309		9,309			23,549
Liabilities	22,500		22,500			67,117
Stockholders' Equity Attributable to Parent	57,262		57,262			80,968
Liabilities and Equity	$ 128,849		$ 128,849			$ 227,021

Investment in Unconsolidated _3

Investment in Unconsolidated Entities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments in unconsolidated entities	$ 59,356		$ 59,356		$ 84,654
Equity in income of unconsolidated entities	$ 992	$ 1,345	$ 4,770	$ 11,265
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	$ 59,356		$ 59,356		$ 84,654
Equity in income of unconsolidated entities	992	$ 1,345	4,770	$ 11,265
Total revenues	523,660	418,978	1,531,629	1,327,328
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Total revenues	6,498	66,782	44,315	199,852
Costs and Expenses	4,499	66,844	34,686	179,990
BHome Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	840		840		1,255
Equity in income of unconsolidated entities	337	646	1,896	1,980
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	(71)		7,441
GBTM Sendera, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	21,985		21,985		19,866
EJB River Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated entities	12,812		12,812		$ 10,867
Equity in income of unconsolidated entities	655	770	1,945	1,844
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities	$ 992	$ 1,345	$ 4,770	$ 11,265

Debt (Schedule of Lines of Cred

Debt (Schedule of Lines of Credit Outstanding) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 09, 2022	Jul. 30, 2015
Line of Credit Facility [Line Items]
Document Period End Date	Sep. 30, 2024
Debt Issuance Costs, Net	$ (1,718,000)		$ (2,328,000)
Debt Issuance Costs, Line of Credit Arrangements, Net	1,718,000		2,328,000
Letters of Credit Outstanding, Amount	16,800,000		13,500,000
Line of Credit Facility, Remaining Borrowing Capacity	35,000,000
Payments of Debt Issuance Costs	0	$ 73,000
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 ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 29, 2029	Dec. 28, 2028	Aug. 08, 2026	Aug. 08, 2025	Dec. 31, 2023	Dec. 09, 2022	Jul. 30, 2015
Debt Instrument [Line Items]
Document Period End Date	Sep. 30, 2024
Payments of Debt Issuance Costs	$ 0	$ 73,000
Costs associated with amendment	1,718,000						$ 2,328,000
Line of Credit Facility, Remaining Borrowing Capacity	35,000,000
Senior unsecured notes, net	298,994,000						336,207,000
Letters of Credit Outstanding, Amount	16,800,000						13,500,000
Notes payable	0						12,981,000
Debt Instrument, Interest Rate, Stated Percentage									3.15%
2026 Notes
Debt Instrument [Line Items]
Senior unsecured notes, net	62,500,000						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	1,006,000						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 Three					$ 50,000,000
Long-Term Debt, Maturity, Year Five				$ 30

Business Combination (Narrative

Business Combination (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Assets acquired
Goodwill	$ 680		$ 680		$ 680
Liabilities assumed
Homebuilding revenues	523,660	$ 418,978	1,531,629	$ 1,327,328
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	118,976	98,086	373,786	289,470
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	2,000	1,672	5,419	5,131
Temporary Equity, Accretion to Redemption Value			3,924	2,706
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	42,841	35,236	42,841	35,236	$ 36,135	$ 38,883	$ 29,239	$ 32,995
Distributions to redeemable noncontrolling interest	0	0	(2,637)	$ (1,840)
Noncontrolling Interest, Change in Redemption Value	$ 1,958	$ (569)	$ 3,924
GHO Homes [Member]
Liabilities assumed
Ownership percentage by noncontrolling owners	20%		20%

Equity (Details)

Equity (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Apr. 27, 2023
Share Repurchase Programs [Line Items]
Stock Repurchase Program, Authorized Amount				$ 100,000,000
Payments for Repurchase of Common Stock		$ 48,035,000	$ 27,991,000
Preferred Units [Line Items]
Dividends, Cash	$ 700,000	$ 2,200,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount		$ 0.359
2022 Repurchase Plan
Share Repurchase Programs [Line Items]
Stock Repurchased and Retired During Period, Shares		65,481
Payments for Repurchase of Common Stock		$ 3,400,000
2023 Repurchase Plan
Share Repurchase Programs [Line Items]
Stock Repurchased and Retired During Period, Shares	97,679	795,178
Payments for Repurchase of Common Stock	$ 5,400,000	$ 44,100,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	55,900,000	55,900,000
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 59,000		$ 11,337,000	$ 1,976,000
Document Period End Date			Sep. 30, 2024
Percentage of awards vested and forfeitable at time of grant			100%
Share-based compensation expense	$ 600,000	$ 300,000	$ 7,715,000	$ 6,333,000
Period for recognition			2 years
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	$ 46.84		$ 46.84		$ 33.56
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	126,000		126,000		92,000
Granted (in dollars per share)			$ 53.04
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				59,857
Share-based compensation expense	$ 600,000	$ 300,000	$ 7,715,000	$ 6,333,000
Compensation cost not yet recognized	3,600,000		$ 3,600,000
Period for recognition			2 years
Percentage of awards vested and forfeitable at time of grant			100%
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	59,000		$ 11,337,000	1,976,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			152,000
Vested (in dollars per share)			$ 46.52
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			1,000
Forfeited (in dollars per share)			$ 37.12
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			187,000
Document Period End Date			Sep. 30, 2024
Common Stock [Member]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 0		$ (3,000)	0
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	826		285,347
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 0		$ (3,000)	0
Additional Paid-in Capital [Member]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	59,000		11,334,000	(1,976,000)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 59,000		$ 11,334,000	$ (1,976,000)

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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 nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 389,697 $ 801 $ 293,640 $ 2,580 Southeast 133,162 — 122,283 475 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Type of Customer Homebuyers $ 522,859 $ — $ 415,923 $ — Homebuilders and Multi-family Developers — 801 — 3,055 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Product Type Residential units $ 522,859 $ — $ 415,923 $ — Land and lots — 801 — 3,055 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Timing of Revenue Recognition Transferred at a point in time $ 522,859 $ 801 $ 415,827 $ 3,055 Transferred over time (1) — — 96 — Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 (1) Revenue recognized over time represents revenue from mechanic’s lien contracts. Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 1,094,102 $ 18,348 $ 960,258 $ 6,123 Southeast 419,179 — 360,472 475 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Type of Customer Homebuyers $ 1,513,281 $ — $ 1,320,730 $ — Homebuilders and Multi-family Developers — 18,348 — 6,598 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Product Type Residential units $ 1,513,281 $ — $ 1,320,730 $ — Land and lots — 18,348 — 6,598 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Timing of Revenue Recognition Transferred at a point in time $ 1,512,901 $ 18,348 $ 1,319,393 $ 6,598 Transferred over time (1) 380 — 1,337 — Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 (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): September 30, 2024 December 31, 2023 Customer and builder deposits $ 45,065 $ 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 nine months ended September 30, 2024 and 2023 are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Homebuyer deposits recognized as revenue $ 18,190 $ 13,537 $ 38,797 $ 25,329
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 nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 389,697 $ 801 $ 293,640 $ 2,580 Southeast 133,162 — 122,283 475 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Type of Customer Homebuyers $ 522,859 $ — $ 415,923 $ — Homebuilders and Multi-family Developers — 801 — 3,055 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Product Type Residential units $ 522,859 $ — $ 415,923 $ — Land and lots — 801 — 3,055 Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 Timing of Revenue Recognition Transferred at a point in time $ 522,859 $ 801 $ 415,827 $ 3,055 Transferred over time (1) — — 96 — Total revenues $ 522,859 $ 801 $ 415,923 $ 3,055 (1) Revenue recognized over time represents revenue from mechanic’s lien contracts. Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Residential units revenue Land and lots revenue Residential units revenue Land and lots revenue Primary Geographical Market Central $ 1,094,102 $ 18,348 $ 960,258 $ 6,123 Southeast 419,179 — 360,472 475 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Type of Customer Homebuyers $ 1,513,281 $ — $ 1,320,730 $ — Homebuilders and Multi-family Developers — 18,348 — 6,598 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Product Type Residential units $ 1,513,281 $ — $ 1,320,730 $ — Land and lots — 18,348 — 6,598 Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 Timing of Revenue Recognition Transferred at a point in time $ 1,512,901 $ 18,348 $ 1,319,393 $ 6,598 Transferred over time (1) 380 — 1,337 — Total revenues $ 1,513,281 $ 18,348 $ 1,320,730 $ 6,598 (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): September 30, 2024 December 31, 2023 Customer and builder deposits $ 45,065 $ 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, net of any forfeitures from 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 nine months ended September 30, 2024 and 2023 are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Homebuyer deposits recognized as revenue $ 18,190 $ 13,537 $ 38,797 $ 25,329 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 $5.6 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 $5.0 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	$ 523,660	$ 418,978	$ 1,531,629	$ 1,327,328
Customer and builder deposits	45,065		45,065		$ 43,148
Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	522,859	415,923	1,513,281	1,320,730
Residential Real Estate [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	522,859	415,827	1,512,901	1,319,393
Residential Real Estate [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	96	380	1,337
Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	801	3,055	18,348	6,598
Real Estate, Other [Member] | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	801	3,055	18,348	6,598
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	801	3,055	18,348	6,598
Homebuyers [Member] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	522,859	415,923	1,513,281	1,320,730
Revenue recognized	18,190	13,537	38,797	25,329
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	389,697	293,640	1,094,102	960,258
Central | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	801	2,580	18,348	6,123
Southeast [Domain] | Residential Real Estate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	133,162	122,283	419,179	360,472
Southeast [Domain] | Real Estate, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	0	475	0	475
Land Subdivider and Developers
Disaggregation of Revenue [Line Items]
Total revenues	801	2,580	18,238	6,123
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	522,859	416,398	1,513,391	1,321,205
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	$ 133,162	$ 122,758	$ 419,179	$ 360,947

Revenue Recognition (Transactio

Revenue Recognition (Transaction Price Allocated to Remaining Performance Obligations) (Details) $ in Thousands	9 Months Ended
	Sep. 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	$ 5,600

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenues:
Total revenues	$ 523,660	$ 418,978	$ 1,531,629	$ 1,327,328
Gross profit:
Gross Profit	171,563	139,013	509,486	406,554
Income before income taxes:
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	118,976	98,086	373,786	289,470
Inventory
Inventory	1,918,046		1,918,046		$ 1,533,223
Goodwill
Goodwill	680		680		680
Inventory	1,918,046		1,918,046		1,533,223
Corporate and Other [Member]
Gross profit:
Gross Profit	(11,392)	(11,354)	(32,271)	(34,839)
Income before income taxes:
Results of Operations, Income before Income Taxes	(10,209)	(7,233)	(13,949)	(15,346)
Goodwill
Inventory	48,911		48,911		43,438
Southeast [Domain]
Goodwill
Goodwill	680		680		680
Homebuilders [Member]
Revenues:
Total revenues	522,859	416,398	1,513,391	1,321,205
Gross profit:
Gross Profit	182,508	149,630	540,230	439,110
Income before income taxes:
Results of Operations, Income before Income Taxes	128,824	104,171	385,359	301,753
Goodwill
Inventory	1,091,981		1,091,981		960,074
Homebuilders [Member] | Southeast [Domain]
Revenues:
Total revenues	133,162	122,758	419,179	360,947
Gross profit:
Gross Profit	47,749	40,931	153,271	120,128
Income before income taxes:
Results of Operations, Income before Income Taxes	33,601	27,204	109,812	81,969
Goodwill
Inventory	348,393		348,393		314,087
Homebuilders [Member] | Central
Gross profit:
Gross Profit	134,759	108,699	386,959	318,982
Income before income taxes:
Results of Operations, Income before Income Taxes	95,223	76,967	275,547	219,784
Goodwill
Inventory	743,588		743,588		645,987
Homebuilders [Member] | Central America
Revenues:
Total revenues	389,697	293,640	1,094,212	960,258
Land Subdivider and Developers
Revenues:
Total revenues	801	2,580	18,238	6,123
Gross profit:
Gross Profit	447	737	1,527	2,283
Income before income taxes:
Results of Operations, Income before Income Taxes	361	1,148	2,376	3,063
Goodwill
Inventory	777,154		777,154		$ 529,711
Real Estate, Other [Member]
Revenues:
Total revenues	801	3,055	18,348	6,598
Real Estate, Other [Member] | Southeast [Domain]
Revenues:
Total revenues	0	475	0	475
Real Estate, Other [Member] | Central
Revenues:
Total revenues	801	2,580	18,348	6,123
Residential Real Estate [Member]
Revenues:
Total revenues	522,859	415,923	1,513,281	1,320,730
Residential Real Estate [Member] | Southeast [Domain]
Revenues:
Total revenues	133,162	122,283	419,179	360,472
Residential Real Estate [Member] | Central
Revenues:
Total revenues	389,697	293,640	1,094,102	960,258
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 23,078	$ 20,975	$ 71,816	$ 63,154
Effective tax rate	19.40%	21.40%	19.20%	21.80%

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to Green Brick Partners, Inc.	$ 89,111	$ 72,156	$ 277,770	$ 211,606
Preferred Stock Dividends, Income Statement Impact	719	719	2,156	2,156
Net Income (Loss) Available to Common Stockholders, Basic	$ 88,392	$ 71,437	$ 275,614	$ 209,450
Weighted-average number of shares outstanding —basic (in shares)	44,457	45,320	44,614	45,543
Basic net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 1.99	$ 1.58	$ 6.18	$ 4.60
Dilutive effect of stock options and restricted stock awards (in shares)	73	472	405	445
Weighted-average number of shares outstanding —diluted (in shares)	44,530	45,792	45,019	45,988
Diluted net income attributable to Green Brick Partners, Inc. per share (in dollars per share)	$ 1.98	$ 1.56	$ 6.12	$ 4.55

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Antidilutive options to purchase common stock and restricted stock awards (in shares)	0	0	(3)	(24)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Carrying Value and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Debt Instrument, Fair Value Disclosure	$ 289,700	$ 322,500
Senior unsecured notes, net	$ 298,994	$ 336,207

Related Party Disclosures (Deta

Related Party Disclosures (Details)	9 Months Ended
	Sep. 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	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Lease liabilities - operating leases	$ 8,600	$ 7,898
Remainder of 2024	410
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	10,816
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	$ 2,216

Commitments and Contingencies O

Commitments and Contingencies Operating Leases Disclosures - ASC 842 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Allowances for option deposits and pre-acquisition costs			$ 185	$ 54
Short-term Lease, Cost	$ 200		600
Operating Lease, Expense	400	$ 600	1,200	1,400
Operating Lease, Payments	$ 300	$ 400	$ 600	$ 1,300
Operating Lease, Weighted Average Remaining Lease Term	6 years 1 month 6 days		6 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	7.50%		7.50%