Century Communities (CCS) 10-K 29 Jan 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Jan. 24, 2025	Jun. 30, 2024
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	001-36491
Entity Registrant Name	Century Communities, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	68-0521411
Entity Address, Address Line One	8390 East Crescent Parkway
Entity Address, Address Line Two	Suite 650
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	303
Local Phone Number	770-8300
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CCS
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Document Financial Statement Error Correction [Flag]	false
Entity Public Float			$ 2.3
Entity Common Stock, Shares Outstanding		30,961,227
Documents Incorporated by Reference	Part III of this Annual Report on Form 10-K incorporates by reference certain portions of the registrant’s definitive proxy statement for its 2025 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year covered by this report.
Entity Central Index Key	0001576940
Auditor Name	Ernst & Young LLP
Auditor Location	Denver, Colorado
Auditor Firm ID	42

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 149,998	$ 226,150
Cash held in escrow	3,004	101,845
Accounts receivable	50,318	76,213
Inventories	3,454,337	3,016,641
Mortgage loans held for sale	236,926	251,852
Prepaid expenses and other assets	419,384	350,193
Property and equipment, net	155,176	69,075
Deferred tax assets, net	22,220	16,998
Goodwill	41,109	30,395
Total assets	4,532,472	4,139,362
Liabilities:
Accounts payable	133,086	147,265
Accrued expenses and other liabilities	302,317	303,392
Notes payable	1,107,909	1,062,471
Revolving line of credit	135,500
Mortgage repurchase facilities	232,804	239,298
Total liabilities	1,911,616	1,752,426
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 30,961,227 and 31,774,615 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively	310	318
Additional paid-in capital	526,959	592,989
Retained earnings	2,093,587	1,793,629
Total stockholders' equity	2,620,856	2,386,936
Total liabilities and stockholders' equity	$ 4,532,472	$ 4,139,362

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Consolidated Balance Sheets [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock shares authorized	50,000,000	50,000,000
Preferred stock shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	30,961,227	31,774,615
Common stock shares outstanding	30,961,227	31,774,615

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues
Total revenues	$ 4,398,288	$ 3,692,185	$ 4,505,916
Selling, general and administrative	(516,489)	(447,311)	(430,742)
Inventory impairment	(8,778)	(1,877)	(10,149)
Other income (expense)	2,562	(2,924)	(17,856)
Income before income tax expense	440,060	350,830	676,900
Income tax expense	(106,244)	(91,606)	(151,774)
Net income	$ 333,816	$ 259,224	$ 525,126
Earnings per share:
Basic	$ 10.59	$ 8.12	$ 16.12
Diluted	$ 10.40	$ 8.05	$ 15.92
Weighted average common shares outstanding:
Basic	31,510,282	31,918,942	32,578,967
Diluted	32,110,835	32,209,359	32,977,935
Homebuilding [Member]
Revenues
Total revenues	$ 4,305,391	$ 3,611,962	$ 4,410,483
Cost of revenues	(3,369,338)	(2,840,583)	(3,315,994)
Home Sales [Member]
Revenues
Total revenues	4,302,638	3,604,434	4,393,786
Cost of revenues	(3,369,131)	(2,838,436)	(3,305,366)
Land Sales And Other [Member]
Revenues
Total revenues	2,753	7,528	16,697
Cost of revenues	(207)	(2,147)	(10,628)
Financial Services [Member]
Revenues
Total revenues	92,897	80,223	95,433
Cost of revenues	$ (66,185)	$ (48,660)	$ (54,275)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Dec. 31, 2021	$ 338	$ 697,845	$ 1,066,325	$ 1,764,508
Beginning balance, shares at Dec. 31, 2021	33,761
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards	$ 5	(5)
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards, shares	518
Withholding of common stock upon vesting of stock-based compensation awards	$ (2)	(12,752)		(12,754)
Withholding of common stock upon vesting of stock-based compensation awards, shares	(201)
Repurchases of common stock	$ (23)	(120,623)		(120,646)
Repurchases of common stock, shares	(2,305)
Stock-based compensation expense		20,049		20,049
Cash dividends declared and dividend equivalents		323	(26,357)	(26,034)
Other		(34)		(34)
Net income			525,126	525,126
Ending balance at Dec. 31, 2022	$ 318	584,803	1,565,094	2,150,215
Ending balance, shares at Dec. 31, 2022	31,773
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards	$ 4	(4)
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards, shares	450
Withholding of common stock upon vesting of stock-based compensation awards	$ (2)	(10,670)		(10,672)
Withholding of common stock upon vesting of stock-based compensation awards, shares	(170)
Repurchases of common stock	$ (2)	(19,225)		(19,227)
Repurchases of common stock, shares	(278)
Stock-based compensation expense		36,777		36,777
Cash dividends declared and dividend equivalents		1,308	(30,689)	(29,381)
Net income			259,224	259,224
Ending balance at Dec. 31, 2023	$ 318	592,989	1,793,629	2,386,936
Ending balance, shares at Dec. 31, 2023	31,775
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards	$ 3	(3)
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards, shares	335
Withholding of common stock upon vesting of stock-based compensation awards	$ (1)	(10,472)		(10,473)
Withholding of common stock upon vesting of stock-based compensation awards, shares	(121)
Repurchases of common stock	$ (10)	(83,828)		(83,838)
Repurchases of common stock, shares	(1,028)
Excise tax on net repurchases of common stock		(702)		(702)
Stock-based compensation expense		27,868		27,868
Cash dividends declared and dividend equivalents		1,107	(33,858)	(32,751)
Net income			333,816	333,816
Ending balance at Dec. 31, 2024	$ 310	$ 526,959	$ 2,093,587	$ 2,620,856
Ending balance, shares at Dec. 31, 2024	30,961

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating activities
Net income	$ 333,816	$ 259,224	$ 525,126
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	24,286	15,774	11,223
Stock-based compensation expense	27,868	36,777	20,049
Fair value adjustments of mortgage-related assets and liabilities	(1,584)	1,642	11,036
Inventory impairment	8,778	1,877	10,149
Impairment on other investment	9,902
Abandonment of lot option contracts	6,036	3,373	11,564
Deferred income taxes	(5,222)	3,858	383
(Gain) loss on sale of assets	(24,545)	1,922	2,196
Changes in assets and liabilities:
Cash held in escrow	98,841	(45,276)	(4,272)
Accounts receivable	26,501	(23,416)	(10,865)
Inventories	(313,674)	(185,095)	(381,404)
Mortgage loans held for sale	6,087	(45,719)	139,956
Prepaid expenses and other assets	(50,951)	(15,615)	(19,896)
Accounts payable	(15,571)	40,339	22,247
Accrued expenses and other liabilities	(4,873)	(8,037)	(22,145)
Net cash provided by operating activities	125,695	41,628	315,347
Investing activities
Purchases of property and equipment	(38,970)	(43,318)	(20,406)
Proceeds from sale of property and equipment	11,788	178	238
Expenditures related to development of rental properties	(126,578)	(88,538)	(30,291)
Proceeds from sale of rental properties	91,250
Payments for business combinations	(159,706)
Other investing activities	(10,474)	(302)	(3,805)
Net cash used in investing activities	(232,690)	(131,980)	(54,264)
Financing activities
Borrowings under revolving credit facilities	1,901,000	150,000	1,478,000
Payments on revolving credit facilities	(1,765,500)	(150,000)	(1,478,000)
Borrowing under construction loan agreements	96,464	37,506	7,389
Payments on construction loan agreements	(38,923)
Proceeds from issuance of insurance premium notes and other	19,618	26,511	26,278
Principal payments on insurance premium notes and other	(33,310)	(22,546)	(14,771)
Debt issuance costs	(5,461)
Net proceeds (payments) for mortgage repurchase facilities	(6,494)	41,672	(134,250)
Withholding of common stock upon vesting of stock-based compensation awards	(10,473)	(10,672)	(12,754)
Repurchases of common stock under stock repurchase program	(83,838)	(19,227)	(120,646)
Dividend payments	(32,751)	(29,381)	(26,034)
Other financing activities	(17)		(44)
Net cash provided by (used in) financing activities	40,315	23,863	(274,832)
Net decrease	(66,680)	(66,489)	(13,749)
Cash and cash equivalents and Restricted cash, Beginning of period	242,003	308,492	322,241
Cash and cash equivalents and Restricted cash, End of period	175,323	242,003	308,492
Supplemental cash flow disclosure
Cash paid for income taxes	102,384	80,380	168,117
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	149,998	226,150	296,724
Restricted cash (Note 7)	25,325	15,853	11,768
Cash and cash equivalents and Restricted cash	$ 175,323	$ 242,003	$ 308,492

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Background Cybersecurity, data privacy, and data protection are critical to our business. In the ordinary course of our business, we collect and store certain confidential information such as personal information of homebuyers and borrowers and information about our employees, contractors, vendors, and suppliers. Our Financial Services business relies heavily on the secure processing, storage, and transmission of sensitive and confidential financial, personal, and other information in our computer systems and networks. As such, we have established information security practices leveraging the National Institute of Standards of Technology (NIST) Cybersecurity Framework to measure our security posture, deliver risk management, and provide effective security controls to protect the privacy and confidentiality of our information. Our information security practices include development, implementation, and improvement of policies and procedures to safeguard information and ensure availability of critical data and systems. Our program further includes review and assessment by external, independent third parties, who assess and report on our defense posture and internal incident response preparedness and help identify areas for continued focus and improvement. Risk Management and Strategy We have integrated cybersecurity risk management into our broader risk management framework to promote a company-wide culture of cybersecurity risk management. This integration ensures that cybersecurity considerations are an integral part of our decision-making processes at every level. Our risk management team and information security team works closely with our IT department to continuously evaluate and address cybersecurity risks in alignment with our business objectives and operational needs. We leverage the NIST Cybersecurity Framework to manage our cybersecurity-related risk. The NIST Cybersecurity Framework outlines subcategories of security controls and outcomes over five functions: identify, protect, detect, respond, and recover. Use of Consultants and Advisors We engage with a range of external experts, including cybersecurity assessors, consultants, and legal counsel in evaluating and testing our risk management systems. This enables us to leverage specialized knowledge and insights, ensuring our cybersecurity strategies and processes remain current. Since September 2022, we have engaged a seasoned cyber consultant from a global cybersecurity risk firm to provide CISO-level advisory services to assist our technology teams, business leadership and Board of Directors with guidance and direction as we strengthen our security systems and improve our cyber readiness, as well as to provide insight and intelligence on existing and emerging threat landscapes. The scope of service includes reviewing our current information security policies, past and current security reports, cybersecurity program, and staffing models to assess our ability to prevent and respond to cyberattack incidents and mitigate any impacts they may have. In addition, we have retained special data security legal counsel at a leading U.S. law firm whose practice focuses on data breach response and security compliance issues. This legal counsel is specialized in investigating and responding to events compromising information and systems security, and works closely with client resources, third-party forensic consulting experts and law enforcement to identify the nature and scope of a compromise. We also have retained special data privacy legal counsel to assist us in our compliance with the data privacy laws in the various jurisdictions in which we operate our business. In 2024, a Security Posture Assessment was conducted by a leading global cybersecurity firm. To perform its assessment, the consultants met with members of our key staff and requested to review documents including, but not limited to, our policies, procedures, past security assessments and penetration tests, documentation regarding network architecture, and security road maps and plans. When such risk assessments are performed, we work with our CISO-level advisor to review any findings from the risk assessment and to identify potential deficiencies in each category and work to close the identified gaps. With our CISO-level advisor’s assistance, we have implemented several industry leading solutions, policies, and practices to close those findings and matured Century’s defense and resiliency postures. We also have developed an Information Security Incident Response Policy which has been reviewed by our CISO-level advisor. Additionally, we retain a variety of cybersecurity consulting firms, including our CISO-level advisor, to assist us in conducting tabletop exercises to evaluate our incident response plan and response capabilities, most recently in December 2024. The Company primarily manages risks for cybersecurity threats associated with its third-party service providers through evaluations and assessments during vendor selection, contract negotiations and contract renewals. We have introduced a third-party vendor risk management solution and professional service to survey and monitor the Company’s critical vendors at on-boarding and on a reoccurring basis. Our information security team conducts annual information security awareness training for all employees. In addition, we have retained a third-party vendor to provide regular online awareness training modules for our employees on important topics such as spoof login, impersonation attack, identity theft, stolen laptop, and passwords. Each module contains a video vignette followed by a quick quiz. In the past three years, we have not experienced any material computer data security breaches as a result of a compromise of our information systems and we are not aware and have not had a significant cybersecurity breach or attack that had a material impact or are reasonably likely to materially impact our business operations, operating results, or financial condition. Maintaining a robust information security system is an ongoing priority for us and we plan to continue to identify and evaluate new, emerging risks to data protection and cybersecurity both within our Company and through our engagement of third-party service providers. If we were to experience a material cybersecurity incident in the future, such incident may have an adverse effect, including on our business operations, operating results, or financial condition. For more information regarding these cybersecurity risks and potential related impacts on us, see “Risk Factors” in Part I, Item 1A of this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We have integrated cybersecurity risk management into our broader risk management framework to promote a company-wide culture of cybersecurity risk management. This integration ensures that cybersecurity considerations are an integral part of our decision-making processes at every level. Our risk management team and information security team works closely with our IT department to continuously evaluate and address cybersecurity risks in alignment with our business objectives and operational needs. We leverage the NIST Cybersecurity Framework to manage our cybersecurity-related risk. The NIST Cybersecurity Framework outlines subcategories of security controls and outcomes over five functions: identify, protect, detect, respond, and recover.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	In the past three years, we have not experienced any material computer data security breaches as a result of a compromise of our information systems and we are not aware and have not had a significant cybersecurity breach or attack that had a material impact or are reasonably likely to materially impact our business operations, operating results, or financial condition. Maintaining a robust information security system is an ongoing priority for us and we plan to continue to identify and evaluate new, emerging risks to data protection and cybersecurity both within our Company and through our engagement of third-party service providers. If we were to experience a material cybersecurity incident in the future, such incident may have an adverse effect, including on our business operations, operating results, or financial condition. For more information regarding these cybersecurity risks and potential related impacts on us, see “Risk Factors” in Part I, Item 1A of this Annual Report on Form 10-K.
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Board of Directors is aware of the critical nature of managing risks associated with cybersecurity threats.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board of Directors has delegated to the Audit Committee the responsibility to oversee our cybersecurity efforts and cyber-related risks. The Audit Committee, comprised fully of independent directors, is responsible for oversight of our (i) information security policies, including periodic assessment of risk of information security breach, training programs, significant threat changes and vulnerabilities and monitoring metrics and (ii) effectiveness of information security policy implementation.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The CIO and members of management meet with the Audit Committee on a regular basis to review and discuss risk exposure related to our IT systems and data privacy. The purpose of these management updates is to inform the Audit Committee of potential risks related to our IT systems and data privacy, as well as any relevant mitigation or remediation tactics being implemented. The management team and/or Audit Committee, in turn, regularly provide data protection and cybersecurity reports to the full Board of Directors. The Audit Committee is composed of members with diverse expertise including risk management, technology, and finance. Although none of the members of the Audit Committee have any work experience, degree, or certifications related to information security or cybersecurity, the Audit Committee relies on the CIO and independent feedback from outside advisors, such as our CISO-level advisor, on the current and future cybersecurity program to assist the Audit Committee in its cybersecurity oversight responsibilities. Because the method and sources of cyberattacks change frequently, our outside advisors, including our CISO-level advisor, provide invaluable, ongoing updates to inform and educate our Board of Directors on current trends of cybersecurity threats, emerging trends, and best practices.
Cybersecurity Risk Role of Management [Text Block]	Our information security team that is led by our Chief Information Officer (CIO) is responsible for implementing and operating our Cybersecurity Risk Management program. Our CIO has led our efforts since 2016, overseeing multiple acquisitions while modernizing the IT environment. He has held technology leadership roles in both the public and private sectors, with more than 20 years of experience as an IT leader in the homebuilding industry. In that time, our CIO has managed broad initiatives and teams, including IT operations, cybersecurity, business systems, mergers and acquisitions, communications, and business intelligence. His in-depth knowledge and experience are instrumental in developing and executing our cybersecurity strategies. Our CIO reports to our Corporate General Counsel. We are a member of the Center for Internet Security (CIS), which assists our management in policy and technical support. Some of the benefits of our CIS membership include direct access to cybersecurity advisories and alerts, vulnerability assessments and incident response for entities experiencing a cyber threat, secure information sharing through the Homeland Security Information Network (HISN) portal, tabletop exercises, and weekly malicious domains/IP reports. The CIO, in his capacity, regularly informs the Executive Chairman, Chief Executive Officer, Corporate General Counsel, and Chief Financial Officer, of aspects related to cybersecurity risks and incidents. This ensures that the highest levels of management are kept abreast of the cybersecurity posture and potential risks we are facing. The CIO and the other members of senior management play a key role in informing the Audit Committee on cybersecurity risks. They provide comprehensive briefings to the Audit Committee on a regular basis, with a minimum frequency of twice per year. These briefings encompass a broad range of topics, including emerging threats, status of ongoing cybersecurity initiatives and strategies, incident reports, and updates regarding compliance with regulatory requirements and industry standards. In addition to our scheduled meetings, the Audit Committee, CIO and other members of senior management maintain an ongoing dialogue regarding emerging or potential cybersecurity risks. Together, they receive updates on any significant developments in the cybersecurity field, ensuring the Board’s oversight is proactive and responsive. Senior management actively participates in strategic decisions related to cybersecurity, offering guidance and approval for major initiatives, and is involved in incident materiality determinations that would trigger cybersecurity incident disclosure obligations. This active involvement ensures that cybersecurity considerations are integrated into our broader strategic objectives.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our information security team that is led by our Chief Information Officer (CIO) is responsible for implementing and operating our Cybersecurity Risk Management program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CIO has led our efforts since 2016, overseeing multiple acquisitions while modernizing the IT environment. He has held technology leadership roles in both the public and private sectors, with more than 20 years of experience as an IT leader in the homebuilding industry. In that time, our CIO has managed broad initiatives and teams, including IT operations, cybersecurity, business systems, mergers and acquisitions, communications, and business intelligence. His in-depth knowledge and experience are instrumental in developing and executing our cybersecurity strategies. Our CIO reports to our Corporate General Counsel. We are a member of the Center for Internet Security (CIS), which assists our management in policy and technical support. Some of the benefits of our CIS membership include direct access to cybersecurity advisories and alerts, vulnerability assessments and incident response for entities experiencing a cyber threat, secure information sharing through the Homeland Security Information Network (HISN) portal, tabletop exercises, and weekly malicious domains/IP reports. The CIO, in his capacity, regularly informs the Executive Chairman, Chief Executive Officer, Corporate General Counsel, and Chief Financial Officer, of aspects related to cybersecurity risks and incidents. This ensures that the highest levels of management are kept abreast of the cybersecurity posture and potential risks we are facing. The CIO and the other members of senior management play a key role in informing the Audit Committee on cybersecurity risks. They provide comprehensive briefings to the Audit Committee on a regular basis, with a minimum frequency of twice per year. These briefings encompass a broad range of topics, including emerging threats, status of ongoing cybersecurity initiatives and strategies, incident reports, and updates regarding compliance with regulatory requirements and industry standards. In addition to our scheduled meetings, the Audit Committee, CIO and other members of senior management maintain an ongoing dialogue regarding emerging or potential cybersecurity risks. Together, they receive updates on any significant developments in the cybersecurity field, ensuring the Board’s oversight is proactive and responsive. Senior management actively participates in strategic decisions related to cybersecurity, offering guidance and approval for major initiatives, and is involved in incident materiality determinations that would trigger cybersecurity incident disclosure obligations. This active involvement ensures that cybersecurity considerations are integrated into our broader strategic objectives.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The CIO and members of management meet with the Audit Committee on a regular basis to review and discuss risk exposure related to our IT systems and data privacy. The purpose of these management updates is to inform the Audit Committee of potential risks related to our IT systems and data privacy, as well as any relevant mitigation or remediation tactics being implemented. The management team and/or Audit Committee, in turn, regularly provide data protection and cybersecurity reports to the full Board of Directors. The Audit Committee is composed of members with diverse expertise including risk management, technology, and finance. Although none of the members of the Audit Committee have any work experience, degree, or certifications related to information security or cybersecurity, the Audit Committee relies on the CIO and independent feedback from outside advisors, such as our CISO-level advisor, on the current and future cybersecurity program to assist the Audit Committee in its cybersecurity oversight responsibilities. Because the method and sources of cyberattacks change frequently, our outside advisors, including our CISO-level advisor, provide invaluable, ongoing updates to inform and educate our Board of Directors on current trends of cybersecurity threats, emerging trends, and best practices.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. In many of our projects, in addition to building homes, we entitle and develop the underlying land . We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand has an emphasis on serving the affordable homebuilding market but offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios and the internet, and generally provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Century Complete. Our indirect wholly-owned subsidiaries, Inspire Home Loans Inc., Parkway Title, LLC, IHL Home Insurance Agency, LLC, and IHL Escrow Inc., which provide mortgage, title, insurance brokerage, and escrow services, respectively, primarily to our homebuyers have been identified as our Financial Services segment. Additionally, our wholly owned subsidiary, Century Living, LLC, is engaged in the development, construction and management of multi-family rental properties, currently all located in Colorado. Century Living, LLC is included in our Corporate segment. Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (which we refer to as “GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for a few days. Accounts Receivable Accounts receivable primarily consists of rebates receivables, receivables under insurance policies, and income tax receivables. We periodically review the collectability of our accounts receivable, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible. Inventories and Cost of Sales We capitalize pre-acquisition, land, land development, and other allocated costs, including interest, during development, periods of entitlement, and home construction. Land, land development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, land development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes delivered includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is delivered, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to delivered homes. We review all of our communities for indicators of impairment quarterly and record an impairment loss when conditions exist where the carrying amount of inventory is not recoverable and exceeds its fair value. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, significant decreases to gross margins, costs significantly in excess of budget, and operating cash flow losses. When an indicator of impairment is identified, we prepare and analyze cash flows at the lowest level for which there are identifiable cash flows that are independent of the cash flows of other groups of assets, which we have determined as the community level. If the undiscounted cash flows are less than the community’s carrying value, we generally estimate the fair value using the estimated future discounted cash flows of the respective inventories. A community with a fair value less than its carrying value is impaired and is written down to fair value. Such losses, if any, are reported within homebuilding gross margin. When estimating undiscounted cash flows, we make various assumptions, including the following: the expected home sales revenue to be generated, including consideration of the number of homes available, pricing and incentives offered by us or other builders in comparable communities; the costs incurred to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction, and selling and marketing costs; any alternative product offerings that may be offered that could have an impact on sales, sales prices and/or building costs; and alternative uses for the property. D uring the year ended December 31, 2024, we determined that inventory with a carrying value before impairment of $ 49.5 million within 9 communities across our Century Complete, Southeast, and Texas segments was not recoverable. Accordingly, we recognized impairment charges of an aggregate $ 8.8 million in order to record the communities at fair value. During the year ended December 31, 2023, we recorded impairment charges of $ 1.9 million for 5 communities and during the year ended December 31, 2022, we recorded impairment charges of $ 10.1 million for 22 communities. The impairment charges are included in inventory impairment in our consolidated statements of operations. Home Sales Revenues and Profit Recognition As defined in the Accounting Standards Codification (which we refer to as “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are delivered and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. In order to promote sales of the homes, we may offer sales incentives to homebuyers. The types of incentives vary on a community-by-community basis and home-by-home basis, and primarily include price discounts on individual homes and financing incentives, all of which are reflected as a reduction of home sales revenues. Proceeds from home closings that are held for our benefit in escrow, are presented as cash held in escrow on our consolidated balance sheets. Cash held for our benefit in escrow is typically held by the escrow agent for a few days. When it is determined that the earnings process is not complete and we have remaining performance obligations that are material in the context of the contract, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations, we typically receive deposits from customers related to sold but undelivered homes and we collect these deposits at the time a homebuyer’s contract is accepted. These deposits are classified as earnest money deposits and are included in accrued expenses and other liabilities on our consolidated balance sheets. Earnest money deposits totaled $ 8.8 million and $ 7.9 million at December 31, 2024 and 2023, respectively. Performance Deposits We are occasionally required to make a land, bond, and utility cash deposits as each new development is started. These amounts typically are refundable as homes are delivered, or development obligations are completed. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheets. Lot Option and Escrow Deposits We enter into lot option and purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheets. We charge to expense non-refundable deposit and capitalized pre-acquisition costs, when it is probable that the lots will not be acquired. During the year ended December 31, 2024, 2023, and 2022 we terminated certain contracts in our markets that no longer met our investment criteria, resulting in a charges of $ 6.0 million, $ 3.4 million, and $ 11.6 million, respectively, which are included in other expense in our consolidated statements of operations. Model Homes and Sales Facilities Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is delivered to the homebuyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 1 to 3 years. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Years Leasehold improvements, furniture and fixtures, and other 2 - 7 Buildings and improvements 20 - 40 Machinery and equipment 5 - 25 Model furnishings 1 - 3 Computer hardware and software 1 - 3 Financial Services Mortgage loans held for sale and mortgage servicing rights are carried at fair value , with gains and losses from the changes in fair value reflected in financial services revenue on the consolidated statements of operations. Management believes carrying mortgage loans held for sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and the derivative instruments used to economically hedge them. Derivative instruments used to economically hedge our market and interest rate risk are carried at fair value. Derivative instruments typically include interest rate lock commitments and forward commitments on mortgage-backed securities. Changes in fair value of these derivatives, as well as any gains or losses upon settlement, are reflected in financial services revenue on the consolidated statements of operations. Net gains and losses from the sale of mortgage loans held for sale are included in financial services revenue on the consolidated statements of operations, and include (1) net gain on sale of loans, which are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale, with sale proceeds reflecting the cash received from investors through the sale of the mortgage loan and servicing release premium; (2) the fair value of originated mortgage servicing rights; (3) the change in fair value of mortgage loans held for sale; (4) the change in fair value of derivatives instruments, including interest rate lock commitments and forward commitments on mortgage-backed securities; (5) provision for or benefit from investor reserves; and (6) fees earned from originating mortgage loans. Fees earned from originating mortgage loans, which are recognized at the time the mortgage loans are funded, include origination fees, credits, and discount points provided directly to our customers to reduce interest rates. Intercompany fees charged directly to the homebuilder related to commitment agreements entered into between our homebuilding and Financial Services segments are eliminated from financial services revenue on the consolidated statements of operations upon consolidation. Financial service costs on the consolidated statement of operations primarily consist of general and administrative costs to support our mortgage, title, insurance brokerage and escrow services. Stock-Based Compensation We account for stock-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years , for all awards that vest. We estimate an annual forfeiture rate at the time of grant based on historical experience, and revise the rate in subsequent periods, if necessary, based on actual forfeiture data. The fair value of our restricted stock units and awards in the form of unrestricted shares of common stock is equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Stock-based compensation expense associated with outstanding performance share units is measured using the grant date fair value and is based on the estimated achievement of the established performance criteria at the end of each reporting period until the performance period ends, recognized on a straight-line basis over the performance period. Stock-based compensation expense is only recognized for performance share units that we expect to vest, which we estimate based upon an assessment of the probability that the performance criteria will be achieved. The performance share units granted during the fiscal years ended December 31, 2024, 2023, and 2022 have three-year performance-based metrics measured over performance periods ending on December 31 for each three-year period. Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company records a corresponding valuation allowance against the deferred tax asset. As of December 31, 2024 and 2023, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the provision for income taxes on the consolidated statements of operations. As of December 31, 2024 and 2023 we had no reserves for uncertain tax positions. Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a two step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of December 31, 2024 and 2023, we determined our goodwill was no t impaired. Business Combinations We account for business combinations in accordance with ASC 805, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill. Variable Interest Entities (“VIEs”) We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. As a result of our analysis, we determined that as of December 31, 2024 and 2023, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2024 and 2023, we had non-refundable cash deposits totaling $ 54.7 million and $ 18.3 million, respectively, classified in prepaid expenses and other assets in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2024 and 2023, respectively. Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred and totaled $ 22.8 million, $ 14.9 million and $ 9.5 million for the years ended December 31, 2024, 2023 and 2022, respectively. Advertising and marketing costs are included in selling, general and administrative on the consolidated statements of operations. Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation. Recently Issued Accounting Standards In November 2024, the FASB issued ASU No. 2024-03, “ Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) : Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which requires disclosure of certain costs and expenses on an interim and annual basis in the notes to the financial statements. ASU 2024-03 will become effective for us for the fiscal year ending December 31, 2027. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2024-03 on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, “ Income Taxes (Topic 740) : Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires more disaggregated income tax disclosures, including additional information in the rate reconciliation and additional disclosures about income taxes paid. ASU 2023-09 will become effective for us for the fiscal year ending December 31, 2025. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2023-09 on our consolidated financial statements and related disclosures. In November 2023, the FASB issued ASU No. 2023-07, “ Segment Reporting (Topic 280) : Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss. The guidance also expands disclosure requirements for interim periods, as well as requires disclosure of other segment items, including the title and position of the entity’s CODM. ASU 2023-07 became effective for us for the fiscal year ending December 31, 2024 and we applied the amendments retrospectively to all prior periods presented in our consolidated financial statements. See Note 2 – Reporting Segments in the Notes to the Consolidated Financial Statements.

Reporting Segments

Reporting Segments	12 Months Ended
	Dec. 31, 2024
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios and the internet, and generally provides no option or upgrade selections. Our Century Complete brand currently has operations in 10 states and is managed separately from our four geographic regions. Accordingly, it is considered a separate operating segment. Accordingly, we have presented our homebuilding operations as the following five reportable segments as of December 31, 2024:  West (California and Washington)  Mountain (Arizona, Colorado, Nevada and Utah)  Texas  Southeast (Florida, Georgia, North Carolina, South Carolina and Tennessee)  Century Complete (Alabama, Arizona, Florida, Georgia, Indiana, Kentucky, Louisiana, Michigan, North Carolina, South Carolina) We have identified our Financial Services operations, which provide mortgage, title, insurance brokerage, and escrow services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as it serves to support our homebuilding operations, and to a lesser extent our Financial Services operations, through various functions, such as our executive, finance, treasury, human resources, accounting and legal departments. Additionally, our wholly owned subsidiary, Century Living, LLC, is engaged in the development, construction and management of multi-family rental properties, currently all located in Colorado. Century Living, LLC is included in our Corporate segment. Our Executive Chairman and our Chief Executive Officer, collectively, have been determined to be our Chief Operating Decision Makers (“CODMs”) to make key operating decisions and assess performance. The management of our four Century Communities geographic regions, Century Complete, and our Financial Services segment reports to our CODMs. The CODMs evaluate the segment’s operating performance and allocates resources for all of our reportable segments based on income before income tax expense. For all of the segments, the CODMs use segment income before income tax expense in the annual budget and forecasting process. The CODMs consider budget-to-actual forecast variances for income before tax expense on a monthly basis for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. The measure of segment assets is reported on the consolidated balance sheets as total assets. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Commencing in the first quarter of 2023, our Century Complete operations in Texas were realigned and are now managed under our Texas segment. Accordingly, we have restated the corresponding segment information for the year ended December 31, 2022. The following table summarizes total revenue, significant expenses, and income (loss) before income tax expense by segment (in thousands): Year Ended December 31, 2024 West Mountain Texas Southeast Century Complete Financial Services Corporate Total Revenue $ 901,889 $ 1,077,473 $ 627,071 $ 701,508 $ 997,450 $ 92,897 $ — $ 4,398,288 Cost of home sales ( 689,566 ) ( 855,579 ) ( 498,671 ) ( 533,376 ) ( 783,591 ) — ( 8,348 ) ( 3,369,131 ) Inventory impairment — — ( 3,435 ) ( 1,142 ) ( 4,201 ) — — ( 8,778 ) Selling, general and administrative ( 68,505 ) ( 87,892 ) ( 66,579 ) ( 63,294 ) ( 98,919 ) — ( 131,300 ) ( 516,489 ) Financial services costs — — — — — ( 66,185 ) — ( 66,185 ) Other segment items (1) ( 1,404 ) ( 4,130 ) ( 340 ) ( 1,605 ) ( 1,957 ) — 11,791 2,355 Income (loss) before tax expense $ 142,414 $ 129,872 $ 58,046 $ 102,091 $ 108,782 $ 26,712 $ ( 127,857 ) $ 440,060 Year Ended December 31, 2023 West Mountain Texas Southeast Century Complete Financial Services Corporate Total Revenue $ 667,269 $ 967,240 $ 461,414 $ 595,474 $ 920,565 $ 80,223 $ — $ 3,692,185 Cost of home sales ( 522,404 ) ( 768,421 ) ( 373,691 ) ( 433,700 ) ( 732,209 ) — ( 8,011 ) ( 2,838,436 ) Inventory impairment — — ( 679 ) — ( 1,198 ) — — ( 1,877 ) Selling, general and administrative ( 54,964 ) ( 79,646 ) ( 42,814 ) ( 52,761 ) ( 87,736 ) — ( 129,390 ) ( 447,311 ) Financial services costs — — — — — ( 48,660 ) — ( 48,660 ) Other segment items (1) ( 398 ) ( 5,215 ) ( 439 ) ( 2,010 ) ( 379 ) — 3,370 ( 5,071 ) Income (loss) before tax expense $ 89,503 $ 113,958 $ 43,791 $ 107,003 $ 99,043 $ 31,563 $ ( 134,031 ) $ 350,830 Year Ended December 31, 2022 West Mountain Texas Southeast Century Complete Financial Services Corporate Total Revenue $ 1,075,507 $ 1,147,826 $ 531,188 $ 726,100 $ 929,862 $ 95,433 $ — $ 4,505,916 Cost of home sales ( 786,566 ) ( 863,586 ) ( 402,643 ) ( 523,557 ) ( 731,414 ) — 2,400 ( 3,305,366 ) Inventory impairment — — ( 2,037 ) ( 2,592 ) ( 5,520 ) — — ( 10,149 ) Selling, general and administrative ( 65,608 ) ( 77,107 ) ( 49,756 ) ( 57,112 ) ( 78,201 ) — ( 102,958 ) ( 430,742 ) Financial services costs — — — — — ( 54,275 ) — ( 54,275 ) Other segment items (1) ( 4,787 ) ( 14,608 ) ( 1,956 ) ( 3,801 ) ( 1,183 ) — ( 2,149 ) ( 28,484 ) Income (loss) before tax expense $ 218,546 $ 192,525 $ 74,796 $ 139,038 $ 113,544 $ 41,158 $ ( 102,707 ) $ 676,900 (1) Includes cost of land sales and other revenues, and other income (expense) The following table summarizes total assets by segment (in thousands): December 31, December 31, 2024 2023 West $ 780,991 $ 786,489 Mountain 1,026,047 1,051,052 Texas 834,815 577,129 Southeast 616,747 503,249 Century Complete 468,256 386,444 Financial Services 478,730 450,208 Corporate 326,886 384,791 Total assets $ 4,532,472 $ 4,139,362 Corporate assets primarily include costs associated with development of multi-family rental properties under construction, certain multi-family rental properties completed and available for leasing , certain cash and cash equivalents, certain property and equipment, deferred tax assets, certain receivables, and prepaid insurance.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2024
Business Combinations [Abstract]
Business Combinations	3. Business Combinations On January 22, 2024, we closed on the acquisition of substantially all the assets and assumed certain liabilities of Landmark Homes of Tennessee, Inc. (“Landmark”), a homebuilder with operations, including six active communities, in Nashville, Tennessee, for approximately $ 33.4 million in cash, inclusive of customary holdbacks. We concluded that the acquisition represents a business combination. In connection with this acquisition, we allocated $ 3.4 million in goodwill to the Southeast operating segment , and we expect that $ 7.6 million of goodwill will be deductible for tax purposes. We incurred $ 0.1 million in acquisition costs, which are reflected in other expense in our consolidated statements of operations. From the acquisition date, Landmark’s results of operations, which include home sales revenues of $ 48.4 million and income before income tax expense of $ 2.0 million, inclusive of purchase price accounting, are included in our accompanying consolidated statements of operations for the year ended December 31, 2024. On July 31, 2024, we closed on the acquisition of substantially all the assets and operations and assumed certain liabilities of Anglia Homes LP (“Anglia”), a homebuilder with operations, including 26 active communities, in the greater Houston, Texas area, for approximately $ 127.0 million in cash, inclusive of customary holdbacks. We concluded that the acquisition represents a business combination, as we determined that the fair value of the gross assets acquired was not concentrated in a single identifiable asset or group of similar identifiable assets, and the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single-family residences. We incurred $ 0.5 million in acquisition costs, which are reflected in other expense in our consolidated statements of operations. The following is a summary of the allocation of the purchase price for Anglia based on the fair value of assets acquired and liabilities assumed (in thousands): Prepaid expenses and other assets $ 7,885 Inventories 111,425 Property and equipment, net 127 Amortizable intangible assets 1,900 Goodwill 7,351 Total assets $ 128,688 Accounts payable $ 1,281 Accrued expenses and other liabilities 417 Total liabilities 1,698 Net assets acquired $ 126,990 Acquired inventories consist of work in process inventories and finished lots. We estimated the fair value of the acquired inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. We estimated a market participant would require a gross margin ranging from approximately 8 % to 20 % based upon the stage of production of the individual lot. Amortizable intangible assets acquired include right of first refusal and non-compete agreements, which we estimated to have fair values of $ 0.9 million and $ 1.0 million, respectively. These intangible assets are amortized each over 2 years . Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed, and in connection with this acquisition, we have allocated $ 7.4 million in goodwill to the Texas operating segment. We expect that $ 27.0 million of goodwill will be deductible for tax purposes. We determined that Anglia’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. From the acquisition date, Anglia’s results of operations, which include home sales revenues of $ 49.3 million and loss before income tax expense of $ 1.7 million, inclusive of purchase price accounting, are included in our accompanying consolidated statements of operations for the year ended December 31, 2024.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2024
Inventories [Abstract]
Inventories	4. Inventories Inventories included the following (in thousands): December 31, December 31, 2024 2023 Homes under construction $ 1,614,630 $ 1,334,584 Land and land development 1,755,382 1,609,459 Capitalized interest 84,325 72,598 Total inventories $ 3,454,337 $ 3,016,641

Financial Services

Financial Services	12 Months Ended
	Dec. 31, 2024
Financial Services [Abstract]
Financial Services	5. Financial Services Our Financial Services are principally comprised of our mortgage lending operations, Inspire. Inspire is a full-service mortgage lender and primarily originates mortgage loans for our homebuyers. Inspire sells substantially all of the loans it originates either as loans with servicing rights released, or with servicing rights retained, in the secondary mortgage market within a short period of time after origination, generally within 30 days. Inspire primarily finances these loans using its mortgage repurchase facilities. As of December 31, 2024 and 2023, Inspire had mortgage loans held for sale with an aggregate fair value of $ 236.9 million and $ 251.9 million, respectively, and an aggregate outstanding principal balance of $ 241.6 million and $ 247.7 million, respectively. The loss from the change in fair value for mortgage loans held for sale was $ 8.8 million during the year ended December 31, 2024 and are included in financial services revenue on the consolidated statements of operations. The gain from the change in fair value of mortgage loans held for sale was $ 2.6 million during the year ended December 31, 2023, and the loss from the change in fair value for mortgage loans held for sale was $ 9.5 million for the year ended December 31, 2022. Net gain on the sale of mortgage loans was $ 59.7 million, $ 54.9 million, and $ 41.2 million for the years ended December 31, 2024, 2023, and 2022 and are included in financial services revenue on the consolidated statements of operations. Mortgage loans in process for which interest rates were locked by borrowers, or interest rate lock commitments, had an aggregate outstanding principal balance of $ 76.3 million and $ 49.6 million at December 31, 2024 and 2023, respectively, and carried a weighted average interest rate of approximately 5.5 % and 5.8 %, respectively. I nterest rate risks related to these obligations are typically mitigated through our interest rate hedging program or by the preselling of loans to investors. Refer to Note 14 – Fair Value Disclosures in the Notes to the Consolidated Financial Statements for further information regarding our derivative instruments.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2024
Property and Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment included the following (in thousands): December 31, December 31, 2024 2023 Land 9,209 1,507 Buildings and improvements 91,952 10,436 Leasehold improvements, furniture and fixtures, and other 15,306 11,373 Machinery and equipment 28,079 33,511 Model furnishings 30,003 23,057 Computer hardware and software 12,864 14,756 Property and equipment, gross 187,413 94,640 Less accumulated depreciation ( 32,237 ) ( 25,565 ) Property and equipment, net $ 155,176 $ 69,075 During the year ended December 31, 2024, certain multi-family rental properties were completed and became available for leasing; and as such, we reclassified $ 149.1 million from multi-family rental properties under construction, included in prepaid expenses and other assets on the consolidated balance sheets, to property and equipment, net on the consolidated balance sheets. Further, during the year ended December 31, 2024, one multi-family rental property was sold, resulting in a $ 23.3 million gain on sale reflected in other income (expense) on our consolidated statements of operations.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2024
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	7. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands): December 31, December 31, 2024 2023 Prepaid insurance $ 27,384 $ 37,624 Lot option and escrow deposits 92,494 51,369 Performance deposits 10,561 10,170 Restricted cash (1) 25,325 15,853 Multi-family rental properties under construction (2) 119,441 136,300 Mortgage loans held for investment 31,858 27,867 Mortgage servicing rights 42,404 30,932 Other assets and prepaid expenses 69,917 40,078 Total prepaid expenses and other assets $ 419,384 $ 350,193 (1) Restricted cash consists of restricted cash related to land development, earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain compensating balances associated with our mortgage repurchase facilities and other financing obligations. (2) During the year ended December 31, 2024, certain multi-family rental properties were completed and became available for leasing; and as such, we reclassified $ 149.1 million from multi-family rental properties under construction, included in prepaid expenses and other assets on the consolidated balance sheets, to property and equipment, net on the consolidated balance sheets.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2024
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	8. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands): December 31, December 31, 2024 2023 Earnest money deposits $ 8,786 $ 7,933 Warranty reserve 12,762 11,524 Self-insurance reserve 32,970 23,659 Accrued compensation costs 82,020 80,133 Land development and home construction accruals 112,392 120,224 Accrued interest 12,457 10,404 Income taxes payable — — Other accrued liabilities 40,930 49,515 Total accrued expenses and other liabilities $ 302,317 $ 303,392

Warranties

Warranties	12 Months Ended
	Dec. 31, 2024
Warranties [Abstract]
Warranties	9. Warranties Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in accrued expenses and other liabilities on the consolidated balance sheets, are based upon historical experience rates. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through a model that incorporates historical payment trends and adjust the amounts recorded, if necessary. Based on warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $ 3.1 million and $ 3.4 million during the years ended December 31, 2024 and 2023, respectively, which is included as a reduction to cost of home sales revenues on our consolidated statements of operations. Changes in our warranty accrual for the years ended December 31, 2024 and 2023 are detailed in the table below (in thousands): Year Ended December 31, 2024 2023 Beginning balance $ 11,524 $ 13,136 Warranty expense provisions 11,059 9,373 Payments ( 6,725 ) ( 7,590 ) Warranty adjustment ( 3,096 ) ( 3,395 ) Ending balance $ 12,762 $ 11,524

Self-Insurance Reserve

Self-Insurance Reserve	12 Months Ended
	Dec. 31, 2024
Self-Insurance Reserve [Abstract]
Self-Insurance Reserve	10. Self-Insurance Reserve We maintain general liability insurance coverage, including coverage for certain construction defects after homes have been delivered and premise operations during construction. These insurance policies are designed to protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. In circumstances where we have elected to retain a higher portion of the overall risk for construction defect claims in return for a lower initial premium, we reserve for the estimated self-insured retention costs that we will incur that are above our coverage limits or that are not covered by our insurance policies. The reserve is recorded on an undiscounted basis at the time revenue is recognized for each home closing. Amounts accrued, which are included in accrued expenses and other liabilities on the consolidated balance sheets, are based on third party actuarial analyses that are primarily based upon industry data and partially on our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. Our self-insurance liability is presented on a gross basis without consideration of insurance recoveries and amounts we have paid on behalf of and expect to recover from other parties, if any. Estimates of insurance recoveries and amounts we have paid on behalf of and expect to recover from other parties, if any, are recorded as receivables when such recoveries are considered probable. Based on our third-party actuarial analyses, we reduced our self-insurance reserve by $ 0.8 million and $ 3.4 million, respectively, during the years ended December 31, 2024 and 2023. These adjustments are included in cost of home sales revenues on our consolidated statements of operations . Changes in our self-insurance reserve for incurred but not reported construction defect claims for the years ended December 31, 2024, and 2023 are detailed in the table below (in thousands) : Year Ended December 31, 2024 2023 Beginning balance $ 23,659 $ 16,998 Self-insurance expense provisions 11,773 10,260 Payments ( 1,674 ) ( 153 ) Self-insurance adjustment ( 788 ) ( 3,446 ) Ending balance $ 32,970 $ 23,659

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt [Abstract]
Debt	11. Debt Our outstanding debt obligations included the following as of December 31, 2024 and 2023 (in thousands): December 31, December 31, 2024 2023 3.875 % senior notes, due August 2029 (1) $ 496,428 $ 495,656 6.750 % senior notes, due June 2027 (1) 498,027 497,210 Other financing obligations (2) 113,454 69,605 Notes payable 1,107,909 1,062,471 Revolving line of credit 135,500 — Mortgage repurchase facilities 232,804 239,298 Total debt $ 1,476,213 $ 1,301,769 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. (2) As of December 31, 2024, other financing obligations included $ 11.0 million related to insurance premium notes and certain secured borrowings, as well as $ 102.4 million outstanding under construction loan agreements. As of December 31, 2023, other financing obligations included $ 24.7 million related to insurance premium notes and certain secured borrowings, as well as $ 44.9 million outstanding under construction loan agreements. 3.875% Senior Notes Due 2029 In August 2021, we completed a private offering of $ 500.0 million aggregate principal amount of our 3.875 % Senior Notes due 2029 (which we refer to as the “2029 Notes”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended (which we refer to as the “Securities Act”). The 2029 Notes were issued under an Indenture, dated as of August 23, 2021, among the Company, our subsidiary guarantors party thereto, and U.S. Bank National Association, as trustee (which we refer to as the “August 2021 Indenture,” as it may be supplemented or amended from time to time). The 2029 Notes were issued at 100 % of their principal amount and we received proceeds of $ 493.8 million, net of $ 6.2 million in issuance costs. The August 2021 Indenture contains certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the 2029 Notes is due August 2029, with interest only payments due semi-annually in February and August of each year, beginning on February 15, 2022. As of December 31, 2024, the aggregate obligation, inclusive of unamortized financing costs on the 2029 Notes, was $ 496.4 million. 6.750% Senior Notes Due 2027 In May 2019, we completed a private offering of $ 500.0 million aggregate principal amount of the Company’s Initial 6.750 % Senior Notes due 2027 (which we refer to as the “Initial Notes due 2027”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933. The Initial Notes due 2027 were issued under the Indenture, dated as of May 23, 2019, among the Company, our subsidiary guarantors party thereto, and U.S. Bank National Association, as trustee (which we refer to as the “May 2019 Indenture,” as it may be supplemented or amended from time to time). The Initial Notes due 2027 were issued at 100 % of their principal amount and we received net proceeds of $ 493.9 million. In connection with this issuance, we deferred $ 6.1 million of issuance costs, which is presented in the notes payable line item of the consolidated balance sheet. In February 2020, we completed an offer to exchange approximately $ 500.0 million in aggregate principal amount of our Initial Notes due 2027, which are registered under the Securities Act (which we refer to as the “Exchange Notes due 2027”), for an equivalent amount of the Initial Notes due 2027 that were tendered and accepted for exchange. The terms of the Exchange Notes due 2027 are identical in all material respects to the Initial Notes due 2027, except that the Exchange Notes due 2027 are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that are applicable to the Initial Notes due 2027 do not apply to the Exchange Notes due 2027. The Initial Notes due 2027 and Exchange Notes due 2027 (which we refer to collectively, as the “Existing Notes due 2027”) will be treated as a single series of notes under the May 2019 Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the May 2019 Indenture. The Existing Notes due 2027 are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The May 2019 Indenture governing the Existing Notes due 2027 contains certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Existing Notes due 2027 is due June 2027, with interest only payments due semi-annually in June and December of each year, which began on December 1, 2019. As of December 31, 2024, the aggregate obligation, inclusive of unamortized financing costs on the Existing Notes due 2027, was $ 498.0 million. Other Financing Obligations As of December 31, 2024, other financing obligations included amounts related to insurance premium notes and certain secured borrowings, as well as outstanding borrowings under construction loan agreements. Insurance premium notes and certain secured borrowings As of December 31, 2024, $ 11.0 million of outstanding insurance premium notes, compared to $ 14.4 million of outstanding land development notes and $ 10.3 million outstanding insurance premium notes as of December 31, 2023. Construction Loan Agreements Certain wholly owned subsidiaries of Century Living, LLC are parties to construction loan agreements with various banks, (which we collectively refer to as “the lenders”). These construction loan agreements collectively provide that we may borrow up to an aggregate of $ 139.6 million from the lenders for purposes of construction of multi-family projects in Colorado, with advances made by the lenders upon the satisfaction of certain conditions. Borrowings under the construction loan agreements bear interest at various rates, including a fixed rate, and floating interest rates per annum equal to the Secured Overnight Financing Rate (which we refer to as “SOFR”) plus an applicable margin. The outstanding principal balances and all accrued and unpaid interest is due on varying maturity dates from March 17, 2026 through March 17, 2028 , with certain of the construction loan agreements allowing for the option to extend the maturity dates for a period of 12 months if certain conditions are satisfied. The construction loan agreements contain customary affirmative and negative covenants (including covenants related to construction completion, and limitations on the use of loan proceeds, transfers of land, equipment, and improvements), as well as customary events of default. Interest on our construction loan agreements is capitalized to the multi-family properties assets included in prepaid expenses and other assets on the consolidated balance sheets while the related multi-family rental properties are being actively developed. As of December 31, 2024 and 2023, $ 102.4 million and $ 44.9 million were outstanding under the construction loan agreements, respectively, with borrowings that bore a weighted average interest rate of 6.5 % and 7.4 % as of December 31, 2024 and 2023, respectively, and we were in compliance with all covenants thereunder. Revolving Line of Credit On November 1, 2024, we entered into a credit agreement (the “Credit Agreement”) with U.S. Bank National Association, as Administrative Agent, and the lenders party thereto. The Credit Agreement, which replaced our prior Second Amended and Restated Credit Agreement, provides us with a senior unsecured revolving credit facility (which we refer to as the “revolving line of credit”) of up to $ 900 million. The revolving line of credit includes a $ 250 million sublimit for letters of credit. Subject to the terms and conditions of the Credit Agreement, we are entitled to request an increase in the size of the revolving line of credit by an amount not exceeding $ 400 million. The obligations under the Credit Agreement are guaranteed by certain of our subsidiaries. Funds are available under the revolving line of credit for the construction of homes, for the acquisition and development of land, land under development and lots for the eventual construction of homes thereon, and for working capital in the ordinary course of business. Unless terminated earlier, the revolving line of credit will mature on November 1, 2028 , and the principal amount thereunder, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on such date. Subject to the terms and conditions of the Credit Agreement, we may request once per year a one-year extension of the maturity date and up to three times during the term of the revolving line of credit, subject to the approval of the lenders and the Administrative Agent. The Credit Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments, issue certain equity securities, engage in transactions with affiliates and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. Borrowings under the Credit Agreement bear interest at a floating rate equal to Term SOFR or Daily Simple SOFR (in each case as defined in the Credit Agreement), plus an applicable margin between 1.45 % and 2.30 % per annum, or if selected by us, a base rate plus an applicable margin between 0.45 % and 1.30 % per annum. The “applicable margins” described above are determined by a schedule based on our leverage ratio, as defined in the Credit Agreement. The Credit Agreement also provides for customary fees including commitment fees payable to each lender ranging from 0.20 % to 0.35 % per annum based on our leverage ratio of the unused portion of the revolving line of credit and other customary fees. As of December 31, 2024, $ 135.5 million was outstanding under the revolving line of credit, with borrowings that bore an interest rate of 5.9 %, and were in compliance with all covenants under the Credit Agreement. As of December 31, 2023, no amounts were outstanding under prior revolving line of credit. Mortgage Repurchase Facilities – Financial Services Inspire is party to mortgage warehouse facilities with J.P. Morgan Chase Bank, N.A., U.S. Bank National Association and Truist Bank, which provide Inspire with uncommitted repurchase facilities of up to an aggregate of $ 425.0 million as of December 31, 2024, secured by the mortgage loans financed thereunder. The repurchase facilities have varying short term maturity dates through November 14, 2025 . Borrowings under the mortgage repurchase facilities bear interest at variable interest rates per annum equal to SOFR plus an applicable margin, and bore a weighted average interest rate of 6.1 % as of December 31, 2024. Amounts outstanding under the repurchase facilities are not guaranteed by us or any of our subsidiaries and the agreements contain various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of December 31, 2024 and 2023, we had $ 232.8 million and $ 239.3 million outstanding under the repurchase facilities, respectively, and were in compliance with all covenants thereunder. Debt Maturities Aggregate annual maturities of debt as of December 31, 2024 are as follows (in thousands): 2025 $ 243,822 2026 70,550 2027 500,000 2028 167,386 2029 500,000 Thereafter — Total 1,481,758 Less: Discount and deferred financing costs, net on senior notes ( 5,545 ) Carrying amount $ 1,476,213 During the years ended December 31, 2024, 2023, and 2022, we paid approximately $ 78.9 million, $ 58.1 million, and $ 61.1 million, respectively, in interest expense payments .

Interest on Senior Notes and Re

Interest on Senior Notes and Revolving Line of Credit	12 Months Ended
	Dec. 31, 2024
Interest on Senior Notes and Revolving Line of Credit [Abstract]
Interest on Senior Notes and Revolving Line of Credit	12. Interest on Senior Notes and Revolving Line of Credit Interest on our senior notes and revolving line of credit, if applicable, is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the years ended December 31, 2024, 2023, and 2022, we capitalized all interest costs incurred on these facilities during these periods. Our interest costs are as follows (in thousands): Year Ended December 31, 2024 2023 2022 Interest capitalized beginning of period $ 72,598 $ 61,775 $ 53,379 Interest capitalized during period 72,013 56,750 63,065 Less: capitalized interest in cost of sales ( 60,286 ) ( 45,927 ) ( 54,669 ) Interest capitalized end of period $ 84,325 $ 72,598 $ 61,775

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Taxes [Abstract]
Income Taxes	13. Income Taxes Our income tax expense for the years ended December 31, 2024, 2023 and 2022 comprises the following current and deferred amounts (in thousands): Year Ended December 31, 2024 2023 2022 Current Federal $ 92,177 $ 73,003 $ 119,255 State and local 19,289 14,745 32,136 Total current 111,466 87,748 151,391 Deferred Federal ( 4,467 ) 3,020 361 State and local ( 755 ) 838 22 Total deferred ( 5,222 ) 3,858 383 Income tax expense $ 106,244 $ 91,606 $ 151,774 Total income tax expense differed from the amounts computed by applying the federal statutory income tax rate of 21 % for the years ended December 31, 2024, 2023, and 2022, to income before income taxes as a result of the following items (in thousands): Year Ended December 31, 2024 2023 2022 Federal statutory income tax expense $ 92,413 $ 73,652 $ 142,149 State income tax expense, net of federal income tax expense benefit 15,439 12,966 26,284 Executive compensation 6,470 9,507 5,889 Excess tax benefits upon vesting of share based payment awards ( 863 ) ( 311 ) ( 675 ) Federal energy credits ( 6,584 ) ( 2,596 ) ( 18,324 ) State tax credits - ( 185 ) ( 635 ) Other ( 631 ) ( 1,427 ) ( 2,914 ) Income tax expense $ 106,244 $ 91,606 $ 151,774 Income tax expense for the years ended December 31, 2024, 2023, and 2022 was impacted by benefits of $ 6.6 million, $ 2.6 million, and $ 18.3 million, respectively, associated with the Energy Efficient Home Credit under Internal Revenue Code Section 45L (which we refer to as “Federal Energy Credits”). During prior year period, the Federal Energy Credits provided eligible contractors a federal income tax credit of $ 2,000 for each home delivered that met the energy saving and certification requirements under the statute for homes delivered through December 31, 2022. The Inflation Reduction Act of 2022 modified the Federal Energy Credits beginning January 1, 2023 requiring a more rigorous certification process and provides a $ 2,500 or $ 5,000 tiered credit for new single-family homes meeting designated “Energy Star” or “Zero Energy” program requirements, respectively. Deferred income tax assets and liabilities are recognized for the future tax consequences of temporary differences. Temporary differences arise when revenues and expenses for financial reporting are recognized for tax purposes in a different period. ASC 740 requires that a valuation allowance be recorded against deferred tax assets unless it is more likely than not that the deferred tax assets will be utilized. As a result of this analysis, the Company has no t recorded a valuation allowance against its deferred tax assets. The Company will continue to evaluate the need to record valuation allowances against deferred tax assets and will make adjustments in accordance with the accounting standard. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2024 and 2023 (in thousands): As of December 31, 2024 2023 Deferred tax assets Warranty reserves $ 3,196 $ 2,775 Stock-based compensation 1,938 1,682 Accrued compensation and other 13,628 12,812 Inventories, additional costs capitalized for tax 18,887 18,896 Lease liabilities 3,675 4,130 Amortizable intangible assets 4,103 — Other 9,813 6,518 Deferred tax asset 55,240 46,813 Deferred tax liabilities Prepaid expenses ( 305 ) ( 284 ) Property and equipment ( 12,325 ) ( 13,061 ) Mortgage servicing rights ( 10,233 ) ( 7,449 ) Right of use assets ( 3,355 ) ( 3,909 ) Other ( 6,802 ) ( 5,112 ) Deferred tax liability ( 33,020 ) ( 29,815 ) Net deferred tax asset $ 22,220 $ 16,998 The uncertainty provisions of ASC 740 also require the Company to recognize the impact of a tax position in its consolidated financial statements only if the technical merits of that position indicate that the position is more likely than not of being sustained upon audit. During the years ended December 31, 2024 and 202 3, the Company did no t record a reserve for uncertain tax positions. We file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are subject to U.S. federal income tax examinations and various state income tax examinations for calendar tax years for which the applicable statute of limitations remains open, ranging from calendar tax years ending 2019 through 2024 . As of December 31, 2024, we are not currently under an income tax audit by any federal, state, or local authorities.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosures	14. Fair Value Disclosures Fair value measurements are used for the Company’s mortgage loans held for sale, mortgage loans held for investment, mortgage servicing rights, interest rate lock commitments and other derivative instruments on a recurring basis. We also utilize fair value measurements on a non-recurring basis for inventories, and intangible assets when events and circumstances indicate that the carrying value is not recoverable. The fair value hierarchy and its application to the Company’s assets and liabilities is as follows: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at the measurement date.  Mortgage loans held for sale – Fair value is based on quoted market prices for committed and uncommitted mortgage loans.  Derivative assets and liabilities – Derivative assets are associated with interest rate lock commitments and investor commitments on loans and may also be associated with forward mortgage-backed securities contracts. Derivative liabilities are associated with forward mortgage-backed securities contracts. Fair value is based on market prices for similar instruments. Level 3 – Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at the measurement date.  Mortgage servicing rights – The fair value of the mortgage servicing rights is calculated using third-party valuations. The key assumptions, which are generally unobservable inputs, used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and cost to service.  Mortgage loans held for investment at fair value – A portion of our mortgage loans held for investment, which were those determined to be unsaleable and transferred from mortgage loans held for sale, are recorded at fair value and are calculated based on Level 3 analysis which incorporates information including the value of underlying collateral, from markets where there is little observable trading activity. The following outlines the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2024 and 2023, respectively (in thousands): December 31, December 31, Balance Sheet Classification Hierarchy 2024 2023 Mortgage loans held for sale Mortgage loans held for sale Level 2 $ 236,926 $ 251,852 Mortgage loans held for investment at fair value (1) Prepaid expenses and other assets Level 3 $ 21,478 $ 21,041 Derivative assets Prepaid expenses and other assets Level 2 $ 3,990 $ 1,618 Mortgage servicing rights (2) Prepaid expenses and other assets Level 3 $ 42,404 $ 30,932 Derivative liabilities Accrued expenses and other liabilities Level 2 $ — $ 5,291 (1) A portion of our mortgage loans held for investment, which were those determined to be unsaleable and transferred from mortgage loans held for sale, are recorded at fair value. The unobservable inputs used in the valuation of the mortgage loans held for investment at fair value include the value of underlying collateral, from markets where there is little observable trading activity. (2) The unobservable inputs used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and cost to service, which were a weighted average of 8.5 %, 10.6 %, and $ 74 per year per loan, respectively, as of December 31, 2024 and 8.6 %, 10.3 %, and $ 72 per year per loan, respectively, as of December 31, 2023. The high and low end of the range of unobservable inputs used in the valuation did not result in a significant change to the fair value measurement. The following table represents the reconciliation of the beginning and ending balance for the Level 3 recurring fair value measurements, with gains and losses from the changes in fair value reflected in financial services revenue on the consolidated statements of operations (in thousands): Year Ended December 31, Mortgage servicing rights 2024 2023 Beginning of period $ 30,932 $ 24,164 Originations 10,827 7,755 Settlements ( 2,453 ) ( 1,417 ) Changes in fair value 3,098 430 End of period $ 42,404 $ 30,932 Year Ended December 31, Mortgage loans held-for-investment at fair value 2024 2023 Beginning of period $ 21,041 $ 18,875 Transfers from loans held for sale 2,157 4,666 Settlements ( 813 ) ( 1,368 ) Reduction in unpaid principal balance ( 569 ) ( 881 ) Changes in fair value ( 338 ) ( 251 ) End of period $ 21,478 $ 21,041 For the financial assets and liabilities that the Company does not reflect at fair value, the following present both their respective carrying value and fair value at December 31, 2024 and 2023: December 31, 2024 December 31, 2023 Hierarchy Carrying Fair Value Carrying Fair Value Cash and cash equivalents Level 1 $ 149,998 $ 149,998 $ 226,150 $ 226,150 3.875 % senior notes (1)(2) Level 2 $ 496,428 $ 446,875 $ 495,656 $ 436,875 6.750 % senior notes (1)(2) Level 2 $ 498,027 $ 498,750 $ 497,210 $ 500,000 Revolving line of credit (3) Level 2 $ 135,500 $ 135,500 $ — $ — Other financing obligations (3)(4) Level 3 $ 113,454 $ 113,454 $ 69,605 $ 69,605 Mortgage repurchase facilities (3) Level 2 $ 232,804 $ 232,804 $ 239,298 $ 239,298 (1) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (2) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2024, these amounts totaled $ 3.6 million and $ 2.0 million for the 3.875 % senior notes and 6.750 % senior notes, respectively. As of December 31, 2023, these amounts totaled $ 4.3 million and $ 2.8 million for the 3.875 % senior notes and 6.750 % senior notes, respectively. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) Other financing obligations included $ 11.0 million related to insurance premium notes and certain secured borrowings that generally bore interest rates ranging from 5.0 % to 8.0 %, and $ 102.4 million related to outstanding borrowings on construction loan agreements that bore a weighted average interest rate of 6.5 % during the period ended December 31, 2024. Other financing obligations included $ 24.7 million related to insurance premium notes and certain secured borrowings that generally bore interest rates ranging from 4.8 % to 7.7 %, and $ 44.9 million related to outstanding borrowings on the construction loan agreements that bore a weighted average interest rate of 7.4 % during the period ended December 31, 2023. Non- financial assets and liabilities include items such as inventory and property and equipment that are measured at fair value when acquired and as a result of impairments, if deemed necessary. D uring the year ended December 31, 2024, we determined that inventory with a carrying value before impairment of $ 49.5 million within 9 communities across our Century Complete, Southeast and Texas segments was not recoverable. Accordingly, we recognized impairment charges of an aggregate $ 8.8 million in order to record the communities at fair value. During the year ended December 31, 2023, we recorded impairment charges of $ 1.9 million for 5 communities and during the year ended December 31, 2022, we recorded impairment charges of $ 10.1 million for 22 communities. The estimated fair value of the communities was determined through a discounted cash flow approach utilizing Level 3 inputs. When estimating future discounted cash flows, we have utilized a weighted-average discount rate of approximately 14 % in our valuations during the year ended December 31, 2024, and 12 % during the years ended December 31, 2023, and 2022, respectively. Changes in our cash flow projections in future periods related to these communities may change our conclusions on the recoverability of inventory in the future.

Post-Retirement Plan

Post-Retirement Plan	12 Months Ended
	Dec. 31, 2024
Post-Retirement Plan [Abstract]
Post-Retirement Plan	15. Post-Retirement Plan The Company has 401(k) plans available to substantially all employees. The Company generally makes matching contributions of 50 % of employees’ salary deferral amounts on the first 6 % of employees’ compensation. Contributions to the plans during the years ended December 31, 2024, 2023 and 2022 were $ 4.4 million, $ 3.0 million and $ 3.3 million, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2024
Stock-Based Compensation [Abstract]
Stock-Based Compensation	16. Stock-Based Compensation During the years ended December 31, 2024, 2023 and 2022, we granted performance share units (which we refer to as “PSUs”) covering up to 0.3 million, 0.5 million, and 0.5 million shares of common stock, respectively in each year, assuming maximum level of performance, with grant date fair values of $ 82.23 , $ 60.05 , and $ 55.93 per share, respectively, that are subject to both service and performance vesting conditions. The quantity of shares that will ultimately vest and be issued upon settlement of the PSUs ranges from 0 % to up to 250 % of a targeted number of shares dependent upon the participant and will be determined based on an achievement of a three-year cumulative adjusted pre-tax income performance goal. During the years ended December 31, 2024, 2023, and 2022 we issued 0.2 million, 0.3 million, and 0.3 million shares of common stock, respectively, upon the vesting and settlement of PSUs that were granted in previous periods. Approximately 1.1 million shares will vest from 2025 to 2027 if the defined maximum performance targets are met, and no shares will vest if the defined minimum performance targets are not met. During the years ended December 31, 2024, 2023 and 2022, we granted restricted stock units (which we refer to as “RSUs”) covering 0.2 million, 0.2 million and 0.2 million shares of common stock, respectively, with grant date fair values of $ 86.20 , $ 62.76 and $ 62.90 per share, respectively, that vest over a three-year period. During the years ended December 31, 2024, 2023, and 2022, we granted 11.0 thousand, 12.0 thousand and 11.0 thousand shares of common stock, respectively, on an unrestricted basis (which we refer to as “stock awards”) with grant date fair values of $ 82.84 , $ 65.30 and $ 54.46 , respectively, to our non-employee directors. During the years ended December 31, 2024, 2023 and 2022, the Company recognized stock-based compensation expense of $ 27.9 million, $ 36.8 million and $ 20.0 million, respectively, which is included in selling, general and administrative on the consolidated statements of operations . Stock-based compensation expense for PSUs is initially estimated based on target performance achievement and adjusted as appropriate throughout the performance period. Accordingly, future compensation cost associated with outstanding PSUs may increase or decrease based on the probability and extent of achievement with respect to the applicable performance measures. During the year ended December 31, 2024, in accordance with ASC 718, Compensation—Stock Compensation, we updated our recognition of stock-based compensation expense associated with previously granted PSU awards to reflect probable financial results as they relate to the performance goals of the awards. Accordingly, our estimate of the number of shares which will ultimately vest and be issued upon settlement of our PSU awards increased by a total of 0.1 million shares during the year ended December 31, 2024. We recorded a cumulative catch-up adjustment to increase stock-based compensation expense of $ 2.6 million ($ 2.0 million net of tax), or $ 0.06 per share (basic and diluted), during the year ended December 31, 2024. During the year ended December 31, 2023, in accordance with ASC 718, Compensation—Stock Compensation, we updated our recognition of stock-based compensation expense associated with previously granted PSU awards to reflect probable financial results as they relate to the performance goals of the awards. Accordingly, our estimate of the number of shares which will ultimately vest and be issued upon settlement of our PSU awards increased by a total of 0.5 million shares during the year ended December 31, 2023, of which 0.3 million shares were attributed to PSUs granted in prior year periods. We recorded a cumulative catch-up adjustment to increase stock-based compensation expense of $ 14.5 million ($ 10.7 million net of tax), or $ 0.33 per share (basic and diluted), during the year ended December 31, 2023. The following table summarizes the activity of our PSUs, assuming current estimated level of performance achievement, RSUs, and stock awards for the years ended December 31, 2024, 2023 and 2022 (shares in thousands): Year Ended December 31, 2024 2023 2022 Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Outstanding, beginning of year 1,457 $ 59.27 977 $ 50.78 1,104 $ 31.48 Granted 389 84.19 707 61.09 428 59.41 Vested ( 335 ) 59.69 ( 450 ) 36.27 ( 518 ) 27.17 Forfeited ( 202 ) 60.61 ( 59 ) 60.86 ( 37 ) 57.79 Adjustment for PSU awards granted in prior year periods - - 282 55.93 - - Outstanding, end of year 1,309 $ 65.43 1,457 $ 59.27 977 $ 50.78 A summary of our outstanding PSUs, assuming current estimated level of performance achievement, and RSUs are as follows (in thousands, except years): December 31, 2024 Unvested units 1,309 Unrecognized compensation cost $ 28,269 Weighted-average years to recognize compensation cost 1.64

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity [Abstract]
Stockholders' Equity	17. Stockholders’ Equity The Company’s authorized capital stock consists of 100.0 million shares of common stock, par value $ 0.01 per share, and 50.0 million shares of preferred stock, par value $ 0.01 per share. As of December 31, 2024 and 2023, there were 31.0 million and 31.8 million shares of common stock issued and outstanding, respectively, and no shares of preferred stock outstanding. On May 4, 2022, the stockholders approved the adoption of the Century Communities, Inc. 2022 Omnibus Incentive Plan (which we refer to as the “2022 Incentive Plan”), which replaced the Century Communities, Inc. Amended and Restated 2017 Omnibus Incentive Plan (which we refer to as our “2017 Incentive Plan”). Under the 2022 Incentive Plan, 3.1 million shares of common stock are available for issuance to eligible participants, plus 51.2 thousand shares of our common stock that remained available for issuance under the 2017 Incentive Plan and any shares subject to awards outstanding under the 2017 Incentive Plan that are subsequently forfeited, cancelled, expire or otherwise terminate without the issuance of such shares. During the years ended December 31, 2024 and 2023, we issued 0.3 million and 0.5 million shares of common stock, respectively, related to the vesting and settlement of RSUs, PSUs, and stock awards. As of December 31, 2024, approximately 2.2 million shares of common stock remained available for issuance under the 2022 Incentive Plan. Our stock repurchase programs, authorized by our Board of Directors, authorize us to repurchase up to 9.0 million shares of our outstanding common stock, of which 4.7 million shares remained available to be repurchased as of December 31, 2024. During the year ended December 31, 2024, an aggregate of 1.0 million shares were repurchased for a total purchase price of approximately $ 83.8 million and a weighted average price of $ 81.55 per share, excluding the excise tax accrued on our net share repurchases as a result of the Inflation Reduction Act of 2022. During the year ended December 31, 2023, an aggregate of 278.2 thousand shares were repurchased for a total purchase price of approximately $ 19.2 million at a weighted average price of $ 69.09 per share. During the years ended December 31, 2024 and 2023, shares of common stock at a total cost of $ 10.5 million and $ 10.7 million, respectively, were netted and surrendered as payment for minimum statutory withholding obligations in connection with the vesting of outstanding stock-based compensation awards. Shares surrendered by the participants in accordance with the applicable award agreements and plan are deemed repurchased and retired by us but are not part of our publicly announced share repurchase programs. The following table sets forth cash dividends declared by our Board of Directors to holders of record of our common stock during the years ended December 31, 2024 and 2023, respectively (in thousands, except per share information): Year Ended December 31, 2024 Cash Dividends Declared and Paid Declaration Date Record Date Paid Date Per Share Amount February 7, 2024 February 28, 2024 March 13, 2024 $ 0.26 $ 8,264 May 15, 2024 May 29, 2024 June 12, 2024 $ 0.26 $ 8,217 August 14, 2024 August 28, 2024 September 11, 2024 $ 0.26 $ 8,148 November 7, 2024 November 27, 2024 December 11, 2024 $ 0.26 $ 8,122 Year Ended December 31, 2023 Cash Dividends Declared and Paid Declaration Date Record Date Paid Date Per Share Amount February 8, 2023 March 1, 2023 March 15, 2023 $ 0.23 $ 7,365 May 17, 2023 May 31, 2023 June 14, 2023 $ 0.23 $ 7,368 August 16, 2023 August 30, 2023 September 13, 2023 $ 0.23 $ 7,341 November 8, 2023 November 29, 2023 December 13, 2023 $ 0.23 $ 7,307 Under the 2022 Incentive Plan and the previous 2017 Incentive Plan, at the discretion of the Compensation Committee of the Board of Directors, RSUs and PSUs granted under the plan have the right to earn dividend equivalents, which entitles the holders of such RSUs and PSUs to additional RSUs and PSUs equal to the same dividend value per share as holders of common stock. Dividend equivalents are subject to the same vesting and other terms and conditions as the underlying RSUs and PSUs.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	18. Earnings Per Share We use the treasury stock method to calculate earnings per share (which we refer to as “EPS”) as our currently issued non-vested RSUs and PSUs do not have participating rights. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2024, 2023 and 2022 (in thousands, except share and per share information): Year Ended December 31, 2024 2023 2022 Numerator Net income $ 333,816 $ 259,224 $ 525,126 Denominator Weighted average common shares outstanding - basic 31,510,282 31,918,942 32,578,967 Dilutive effect of stock-based compensation awards 600,553 290,417 398,968 Weighted average common shares outstanding - diluted 32,110,835 32,209,359 32,977,935 Earnings per share: Basic $ 10.59 $ 8.12 $ 16.12 Diluted $ 10.40 $ 8.05 $ 15.92 Stock-based awards are excluded from the calculation of diluted EPS in the event they are subject to unsatisfied performance conditions or are antidilutive. We excluded 0.4 million, 0.8 million, and 0.5 million common stock unit equivalents from diluted earnings per share during the years ended December 31, 2024, 2023 and 2022, respectively, related to the PSUs for which performance conditions remained unsatisfied.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	19 . Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, the Company posts letters of credit and performance and other bonds primarily related to our land development performance obligations, with local municipalities. As of December 31, 2024 and 2023, we had $ 563.5 million and $ 510.5 million, respectively, in letters of credit and performance and other bonds issued and outstanding. Leases The Company leases office space and equipment under non-cancelable operating leases, which have lease terms that generally range from 1 to 10 years and often include one or more options to renew. Operating lease expense was $ 7.3 million, $ 8.0 million, and $ 7.9 million for the years ended December 31, 2024, 2023, and 2022, respectively, which are presented on the consolidated statements of operations within selling, general, and administrative expense. Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands): 2025 $ 4,308 2026 4,847 2027 3,178 2028 2,883 2029 761 Thereafter 47 Total $ 16,024 Less: discount ( 1,739 ) Total lease liabilities $ 14,285 Legal Proceedings The Company and our subsidiaries and affiliates are subject to claims, lawsuits and other legal actions from time to time that arise primarily in the ordinary course of business, which consist mostly of construction claims, but also could include warranty, workers’ compensation, tort, breach of contract, employment, personal injury, and other similar claims. It is the opinion of management that if the construction or warranty claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record the estimated amount to other accrued liabilities included in accrued expenses and other liabilities on the consolidated balance sheet. Under various insurance policies, we have the ability to recoup costs in excess of applicable self-insured retentions. Estimates of such amounts are recorded in accounts receivable on our consolidated balance sheet when recovery is probable. We do not believe that the ultimate resolution of any claims, lawsuits and other legal actions will have a material adverse effect upon our consolidated financial position, results of operations, or cash flows.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2024
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. In many of our projects, in addition to building homes, we entitle and develop the underlying land . We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand has an emphasis on serving the affordable homebuilding market but offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios and the internet, and generally provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Century Complete. Our indirect wholly-owned subsidiaries, Inspire Home Loans Inc., Parkway Title, LLC, IHL Home Insurance Agency, LLC, and IHL Escrow Inc., which provide mortgage, title, insurance brokerage, and escrow services, respectively, primarily to our homebuyers have been identified as our Financial Services segment. Additionally, our wholly owned subsidiary, Century Living, LLC, is engaged in the development, construction and management of multi-family rental properties, currently all located in Colorado. Century Living, LLC is included in our Corporate segment.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (which we refer to as “GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
Cash Held in Escrow	Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for a few days.
Accounts Receivable	Accounts Receivable Accounts receivable primarily consists of rebates receivables, receivables under insurance policies, and income tax receivables. We periodically review the collectability of our accounts receivable, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible.
Inventories and Cost of Sales	Inventories and Cost of Sales We capitalize pre-acquisition, land, land development, and other allocated costs, including interest, during development, periods of entitlement, and home construction. Land, land development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, land development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes delivered includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is delivered, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to delivered homes. We review all of our communities for indicators of impairment quarterly and record an impairment loss when conditions exist where the carrying amount of inventory is not recoverable and exceeds its fair value. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, significant decreases to gross margins, costs significantly in excess of budget, and operating cash flow losses. When an indicator of impairment is identified, we prepare and analyze cash flows at the lowest level for which there are identifiable cash flows that are independent of the cash flows of other groups of assets, which we have determined as the community level. If the undiscounted cash flows are less than the community’s carrying value, we generally estimate the fair value using the estimated future discounted cash flows of the respective inventories. A community with a fair value less than its carrying value is impaired and is written down to fair value. Such losses, if any, are reported within homebuilding gross margin. When estimating undiscounted cash flows, we make various assumptions, including the following: the expected home sales revenue to be generated, including consideration of the number of homes available, pricing and incentives offered by us or other builders in comparable communities; the costs incurred to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction, and selling and marketing costs; any alternative product offerings that may be offered that could have an impact on sales, sales prices and/or building costs; and alternative uses for the property. D uring the year ended December 31, 2024, we determined that inventory with a carrying value before impairment of $ 49.5 million within 9 communities across our Century Complete, Southeast, and Texas segments was not recoverable. Accordingly, we recognized impairment charges of an aggregate $ 8.8 million in order to record the communities at fair value. During the year ended December 31, 2023, we recorded impairment charges of $ 1.9 million for 5 communities and during the year ended December 31, 2022, we recorded impairment charges of $ 10.1 million for 22 communities. The impairment charges are included in inventory impairment in our consolidated statements of operations.
Home Sales Revenues and Profit Recognition	Home Sales Revenues and Profit Recognition As defined in the Accounting Standards Codification (which we refer to as “ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), revenues from home sales and the related profit are recorded when our performance obligations are satisfied, which generally occurs when the respective homes are delivered and title has passed to our homebuyers. We generally satisfy our performance obligations in less than one year from the contract date. In order to promote sales of the homes, we may offer sales incentives to homebuyers. The types of incentives vary on a community-by-community basis and home-by-home basis, and primarily include price discounts on individual homes and financing incentives, all of which are reflected as a reduction of home sales revenues. Proceeds from home closings that are held for our benefit in escrow, are presented as cash held in escrow on our consolidated balance sheets. Cash held for our benefit in escrow is typically held by the escrow agent for a few days. When it is determined that the earnings process is not complete and we have remaining performance obligations that are material in the context of the contract, the related revenue and costs are deferred for recognition in future periods until those performance obligations have been satisfied. Prior to satisfying our performance obligations, we typically receive deposits from customers related to sold but undelivered homes and we collect these deposits at the time a homebuyer’s contract is accepted. These deposits are classified as earnest money deposits and are included in accrued expenses and other liabilities on our consolidated balance sheets. Earnest money deposits totaled $ 8.8 million and $ 7.9 million at December 31, 2024 and 2023, respectively.
Performance Deposits	Performance Deposits We are occasionally required to make a land, bond, and utility cash deposits as each new development is started. These amounts typically are refundable as homes are delivered, or development obligations are completed. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheets.
Lot Option and Escrow Deposits	Lot Option and Escrow Deposits We enter into lot option and purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheets. We charge to expense non-refundable deposit and capitalized pre-acquisition costs, when it is probable that the lots will not be acquired. During the year ended December 31, 2024, 2023, and 2022 we terminated certain contracts in our markets that no longer met our investment criteria, resulting in a charges of $ 6.0 million, $ 3.4 million, and $ 11.6 million, respectively, which are included in other expense in our consolidated statements of operations.
Model Homes and Sales Facilities	Model Homes and Sales Facilities Costs related to our model homes and sales facilities are treated in one of three ways depending on their nature. Costs directly attributable to the home including upgrades that are permanent and sold with the home are capitalized to inventory and included in cost of home sales revenues when the unit is delivered to the homebuyer. Marketing related costs, such as non-permanent signage, brochures and marketing materials as well as the cost to convert the model into a salable unit are expensed as incurred. Costs to furnish the model home sites, permanent signage, and construction of sales facilities are capitalized to property and equipment and depreciated over the estimated life of the community based on the number of lots in the community which typically range from 1 to 3 years.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows: Years Leasehold improvements, furniture and fixtures, and other 2 - 7 Buildings and improvements 20 - 40 Machinery and equipment 5 - 25 Model furnishings 1 - 3 Computer hardware and software 1 - 3
Financial Services	Financial Services Mortgage loans held for sale and mortgage servicing rights are carried at fair value , with gains and losses from the changes in fair value reflected in financial services revenue on the consolidated statements of operations. Management believes carrying mortgage loans held for sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and the derivative instruments used to economically hedge them. Derivative instruments used to economically hedge our market and interest rate risk are carried at fair value. Derivative instruments typically include interest rate lock commitments and forward commitments on mortgage-backed securities. Changes in fair value of these derivatives, as well as any gains or losses upon settlement, are reflected in financial services revenue on the consolidated statements of operations. Net gains and losses from the sale of mortgage loans held for sale are included in financial services revenue on the consolidated statements of operations, and include (1) net gain on sale of loans, which are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale, with sale proceeds reflecting the cash received from investors through the sale of the mortgage loan and servicing release premium; (2) the fair value of originated mortgage servicing rights; (3) the change in fair value of mortgage loans held for sale; (4) the change in fair value of derivatives instruments, including interest rate lock commitments and forward commitments on mortgage-backed securities; (5) provision for or benefit from investor reserves; and (6) fees earned from originating mortgage loans. Fees earned from originating mortgage loans, which are recognized at the time the mortgage loans are funded, include origination fees, credits, and discount points provided directly to our customers to reduce interest rates. Intercompany fees charged directly to the homebuilder related to commitment agreements entered into between our homebuilding and Financial Services segments are eliminated from financial services revenue on the consolidated statements of operations upon consolidation. Financial service costs on the consolidated statement of operations primarily consist of general and administrative costs to support our mortgage, title, insurance brokerage and escrow services.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years , for all awards that vest. We estimate an annual forfeiture rate at the time of grant based on historical experience, and revise the rate in subsequent periods, if necessary, based on actual forfeiture data. The fair value of our restricted stock units and awards in the form of unrestricted shares of common stock is equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Stock-based compensation expense associated with outstanding performance share units is measured using the grant date fair value and is based on the estimated achievement of the established performance criteria at the end of each reporting period until the performance period ends, recognized on a straight-line basis over the performance period. Stock-based compensation expense is only recognized for performance share units that we expect to vest, which we estimate based upon an assessment of the probability that the performance criteria will be achieved. The performance share units granted during the fiscal years ended December 31, 2024, 2023, and 2022 have three-year performance-based metrics measured over performance periods ending on December 31 for each three-year period.
Income Taxes	Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company records a corresponding valuation allowance against the deferred tax asset. As of December 31, 2024 and 2023, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the provision for income taxes on the consolidated statements of operations. As of December 31, 2024 and 2023 we had no reserves for uncertain tax positions.
Goodwill	Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a two step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As of December 31, 2024 and 2023, we determined our goodwill was no t impaired.
Business Combinations	Business Combinations We account for business combinations in accordance with ASC 805, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill.
Variable Interest Entities ("VIEs")	Variable Interest Entities (“VIEs”) We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. As a result of our analysis, we determined that as of December 31, 2024 and 2023, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2024 and 2023, we had non-refundable cash deposits totaling $ 54.7 million and $ 18.3 million, respectively, classified in prepaid expenses and other assets in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2024 and 2023, respectively.
Advertising and Marketing Costs	Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred and totaled $ 22.8 million, $ 14.9 million and $ 9.5 million for the years ended December 31, 2024, 2023 and 2022, respectively. Advertising and marketing costs are included in selling, general and administrative on the consolidated statements of operations.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to current period presentation.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In November 2024, the FASB issued ASU No. 2024-03, “ Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) : Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which requires disclosure of certain costs and expenses on an interim and annual basis in the notes to the financial statements. ASU 2024-03 will become effective for us for the fiscal year ending December 31, 2027. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2024-03 on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, “ Income Taxes (Topic 740) : Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires more disaggregated income tax disclosures, including additional information in the rate reconciliation and additional disclosures about income taxes paid. ASU 2023-09 will become effective for us for the fiscal year ending December 31, 2025. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2023-09 on our consolidated financial statements and related disclosures. In November 2023, the FASB issued ASU No. 2023-07, “ Segment Reporting (Topic 280) : Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss. The guidance also expands disclosure requirements for interim periods, as well as requires disclosure of other segment items, including the title and position of the entity’s CODM. ASU 2023-07 became effective for us for the fiscal year ending December 31, 2024 and we applied the amendments retrospectively to all prior periods presented in our consolidated financial statements. See Note 2 – Reporting Segments in the Notes to the Consolidated Financial Statements.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Schedule of Estimated Lives of Property Plant and Equipment	Years Leasehold improvements, furniture and fixtures, and other 2 - 7 Buildings and improvements 20 - 40 Machinery and equipment 5 - 25 Model furnishings 1 - 3 Computer hardware and software 1 - 3

Reporting Segments (Tables)

Reporting Segments (Tables)	12 Months Ended
	Dec. 31, 2024
Reporting Segments [Abstract]
Schedule of Total Revenue and Pretax Income (loss) by Segment	The following table summarizes total revenue, significant expenses, and income (loss) before income tax expense by segment (in thousands): Year Ended December 31, 2024 West Mountain Texas Southeast Century Complete Financial Services Corporate Total Revenue $ 901,889 $ 1,077,473 $ 627,071 $ 701,508 $ 997,450 $ 92,897 $ — $ 4,398,288 Cost of home sales ( 689,566 ) ( 855,579 ) ( 498,671 ) ( 533,376 ) ( 783,591 ) — ( 8,348 ) ( 3,369,131 ) Inventory impairment — — ( 3,435 ) ( 1,142 ) ( 4,201 ) — — ( 8,778 ) Selling, general and administrative ( 68,505 ) ( 87,892 ) ( 66,579 ) ( 63,294 ) ( 98,919 ) — ( 131,300 ) ( 516,489 ) Financial services costs — — — — — ( 66,185 ) — ( 66,185 ) Other segment items (1) ( 1,404 ) ( 4,130 ) ( 340 ) ( 1,605 ) ( 1,957 ) — 11,791 2,355 Income (loss) before tax expense $ 142,414 $ 129,872 $ 58,046 $ 102,091 $ 108,782 $ 26,712 $ ( 127,857 ) $ 440,060 Year Ended December 31, 2023 West Mountain Texas Southeast Century Complete Financial Services Corporate Total Revenue $ 667,269 $ 967,240 $ 461,414 $ 595,474 $ 920,565 $ 80,223 $ — $ 3,692,185 Cost of home sales ( 522,404 ) ( 768,421 ) ( 373,691 ) ( 433,700 ) ( 732,209 ) — ( 8,011 ) ( 2,838,436 ) Inventory impairment — — ( 679 ) — ( 1,198 ) — — ( 1,877 ) Selling, general and administrative ( 54,964 ) ( 79,646 ) ( 42,814 ) ( 52,761 ) ( 87,736 ) — ( 129,390 ) ( 447,311 ) Financial services costs — — — — — ( 48,660 ) — ( 48,660 ) Other segment items (1) ( 398 ) ( 5,215 ) ( 439 ) ( 2,010 ) ( 379 ) — 3,370 ( 5,071 ) Income (loss) before tax expense $ 89,503 $ 113,958 $ 43,791 $ 107,003 $ 99,043 $ 31,563 $ ( 134,031 ) $ 350,830 Year Ended December 31, 2022 West Mountain Texas Southeast Century Complete Financial Services Corporate Total Revenue $ 1,075,507 $ 1,147,826 $ 531,188 $ 726,100 $ 929,862 $ 95,433 $ — $ 4,505,916 Cost of home sales ( 786,566 ) ( 863,586 ) ( 402,643 ) ( 523,557 ) ( 731,414 ) — 2,400 ( 3,305,366 ) Inventory impairment — — ( 2,037 ) ( 2,592 ) ( 5,520 ) — — ( 10,149 ) Selling, general and administrative ( 65,608 ) ( 77,107 ) ( 49,756 ) ( 57,112 ) ( 78,201 ) — ( 102,958 ) ( 430,742 ) Financial services costs — — — — — ( 54,275 ) — ( 54,275 ) Other segment items (1) ( 4,787 ) ( 14,608 ) ( 1,956 ) ( 3,801 ) ( 1,183 ) — ( 2,149 ) ( 28,484 ) Income (loss) before tax expense $ 218,546 $ 192,525 $ 74,796 $ 139,038 $ 113,544 $ 41,158 $ ( 102,707 ) $ 676,900 (1) Includes cost of land sales and other revenues, and other income (expense)
Schedule of Total Assets by Segment	December 31, December 31, 2024 2023 West $ 780,991 $ 786,489 Mountain 1,026,047 1,051,052 Texas 834,815 577,129 Southeast 616,747 503,249 Century Complete 468,256 386,444 Financial Services 478,730 450,208 Corporate 326,886 384,791 Total assets $ 4,532,472 $ 4,139,362

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combinations [Abstract]
Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed	Prepaid expenses and other assets $ 7,885 Inventories 111,425 Property and equipment, net 127 Amortizable intangible assets 1,900 Goodwill 7,351 Total assets $ 128,688 Accounts payable $ 1,281 Accrued expenses and other liabilities 417 Total liabilities 1,698 Net assets acquired $ 126,990

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2024
Inventories [Abstract]
Schedule of Inventories	December 31, December 31, 2024 2023 Homes under construction $ 1,614,630 $ 1,334,584 Land and land development 1,755,382 1,609,459 Capitalized interest 84,325 72,598 Total inventories $ 3,454,337 $ 3,016,641

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Property and Equipment [Abstract]
Schedule of Property and Equipment	December 31, December 31, 2024 2023 Land 9,209 1,507 Buildings and improvements 91,952 10,436 Leasehold improvements, furniture and fixtures, and other 15,306 11,373 Machinery and equipment 28,079 33,511 Model furnishings 30,003 23,057 Computer hardware and software 12,864 14,756 Property and equipment, gross 187,413 94,640 Less accumulated depreciation ( 32,237 ) ( 25,565 ) Property and equipment, net $ 155,176 $ 69,075

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Prepaid Expenses and Other Assets [Abstract]
Schedule of Prepaid Expenses and Other Assets	December 31, December 31, 2024 2023 Prepaid insurance $ 27,384 $ 37,624 Lot option and escrow deposits 92,494 51,369 Performance deposits 10,561 10,170 Restricted cash (1) 25,325 15,853 Multi-family rental properties under construction (2) 119,441 136,300 Mortgage loans held for investment 31,858 27,867 Mortgage servicing rights 42,404 30,932 Other assets and prepaid expenses 69,917 40,078 Total prepaid expenses and other assets $ 419,384 $ 350,193 (1) Restricted cash consists of restricted cash related to land development, earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain compensating balances associated with our mortgage repurchase facilities and other financing obligations. (2) During the year ended December 31, 2024, certain multi-family rental properties were completed and became available for leasing; and as such, we reclassified $ 149.1 million from multi-family rental properties under construction, included in prepaid expenses and other assets on the consolidated balance sheets, to property and equipment, net on the consolidated balance sheets.

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Accrued Expenses and Other Liabilities [Abstract]
Schedule of Accrued Expenses and Other Liabilities	December 31, December 31, 2024 2023 Earnest money deposits $ 8,786 $ 7,933 Warranty reserve 12,762 11,524 Self-insurance reserve 32,970 23,659 Accrued compensation costs 82,020 80,133 Land development and home construction accruals 112,392 120,224 Accrued interest 12,457 10,404 Income taxes payable — — Other accrued liabilities 40,930 49,515 Total accrued expenses and other liabilities $ 302,317 $ 303,392

Warranties (Tables)

Warranties (Tables)	12 Months Ended
	Dec. 31, 2024
Warranties [Abstract]
Schedule of Changes in Warranty Accrual	Year Ended December 31, 2024 2023 Beginning balance $ 11,524 $ 13,136 Warranty expense provisions 11,059 9,373 Payments ( 6,725 ) ( 7,590 ) Warranty adjustment ( 3,096 ) ( 3,395 ) Ending balance $ 12,762 $ 11,524

Self-Insurance Reserve (Tables)

Self-Insurance Reserve (Tables)	12 Months Ended
	Dec. 31, 2024
Self-Insurance Reserve [Abstract]
Changes in Self Insurance Reserve	Year Ended December 31, 2024 2023 Beginning balance $ 23,659 $ 16,998 Self-insurance expense provisions 11,773 10,260 Payments ( 1,674 ) ( 153 ) Self-insurance adjustment ( 788 ) ( 3,446 ) Ending balance $ 32,970 $ 23,659

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt [Abstract]
Schedule of Outstanding Debt Obligations	December 31, December 31, 2024 2023 3.875 % senior notes, due August 2029 (1) $ 496,428 $ 495,656 6.750 % senior notes, due June 2027 (1) 498,027 497,210 Other financing obligations (2) 113,454 69,605 Notes payable 1,107,909 1,062,471 Revolving line of credit 135,500 — Mortgage repurchase facilities 232,804 239,298 Total debt $ 1,476,213 $ 1,301,769 (1) The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes. (2) As of December 31, 2024, other financing obligations included $ 11.0 million related to insurance premium notes and certain secured borrowings, as well as $ 102.4 million outstanding under construction loan agreements. As of December 31, 2023, other financing obligations included $ 24.7 million related to insurance premium notes and certain secured borrowings, as well as $ 44.9 million outstanding under construction loan agreements.
Schedule of Aggregate Annual Maturities of Debt	2025 $ 243,822 2026 70,550 2027 500,000 2028 167,386 2029 500,000 Thereafter — Total 1,481,758 Less: Discount and deferred financing costs, net on senior notes ( 5,545 ) Carrying amount $ 1,476,213

Interest on Senior Notes and _2

Interest on Senior Notes and Revolving Line of Credit (Tables)	12 Months Ended
	Dec. 31, 2024
Interest on Senior Notes and Revolving Line of Credit [Abstract]
Schedule of Capitalized Interest Costs	Year Ended December 31, 2024 2023 2022 Interest capitalized beginning of period $ 72,598 $ 61,775 $ 53,379 Interest capitalized during period 72,013 56,750 63,065 Less: capitalized interest in cost of sales ( 60,286 ) ( 45,927 ) ( 54,669 ) Interest capitalized end of period $ 84,325 $ 72,598 $ 61,775

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Taxes [Abstract]
Schedule of Income Tax Expense	Year Ended December 31, 2024 2023 2022 Current Federal $ 92,177 $ 73,003 $ 119,255 State and local 19,289 14,745 32,136 Total current 111,466 87,748 151,391 Deferred Federal ( 4,467 ) 3,020 361 State and local ( 755 ) 838 22 Total deferred ( 5,222 ) 3,858 383 Income tax expense $ 106,244 $ 91,606 $ 151,774
Schedule of Components of Income Tax Expense by Expense	Year Ended December 31, 2024 2023 2022 Federal statutory income tax expense $ 92,413 $ 73,652 $ 142,149 State income tax expense, net of federal income tax expense benefit 15,439 12,966 26,284 Executive compensation 6,470 9,507 5,889 Excess tax benefits upon vesting of share based payment awards ( 863 ) ( 311 ) ( 675 ) Federal energy credits ( 6,584 ) ( 2,596 ) ( 18,324 ) State tax credits - ( 185 ) ( 635 ) Other ( 631 ) ( 1,427 ) ( 2,914 ) Income tax expense $ 106,244 $ 91,606 $ 151,774
Schedule of Deferred Tax Assets and Liabilities	As of December 31, 2024 2023 Deferred tax assets Warranty reserves $ 3,196 $ 2,775 Stock-based compensation 1,938 1,682 Accrued compensation and other 13,628 12,812 Inventories, additional costs capitalized for tax 18,887 18,896 Lease liabilities 3,675 4,130 Amortizable intangible assets 4,103 — Other 9,813 6,518 Deferred tax asset 55,240 46,813 Deferred tax liabilities Prepaid expenses ( 305 ) ( 284 ) Property and equipment ( 12,325 ) ( 13,061 ) Mortgage servicing rights ( 10,233 ) ( 7,449 ) Right of use assets ( 3,355 ) ( 3,909 ) Other ( 6,802 ) ( 5,112 ) Deferred tax liability ( 33,020 ) ( 29,815 ) Net deferred tax asset $ 22,220 $ 16,998

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	December 31, December 31, Balance Sheet Classification Hierarchy 2024 2023 Mortgage loans held for sale Mortgage loans held for sale Level 2 $ 236,926 $ 251,852 Mortgage loans held for investment at fair value (1) Prepaid expenses and other assets Level 3 $ 21,478 $ 21,041 Derivative assets Prepaid expenses and other assets Level 2 $ 3,990 $ 1,618 Mortgage servicing rights (2) Prepaid expenses and other assets Level 3 $ 42,404 $ 30,932 Derivative liabilities Accrued expenses and other liabilities Level 2 $ — $ 5,291 (1) A portion of our mortgage loans held for investment, which were those determined to be unsaleable and transferred from mortgage loans held for sale, are recorded at fair value. The unobservable inputs used in the valuation of the mortgage loans held for investment at fair value include the value of underlying collateral, from markets where there is little observable trading activity. (2) The unobservable inputs used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and cost to service, which were a weighted average of 8.5 %, 10.6 %, and $ 74 per year per loan, respectively, as of December 31, 2024 and 8.6 %, 10.3 %, and $ 72 per year per loan, respectively, as of December 31, 2023. The high and low end of the range of unobservable inputs used in the valuation did not result in a significant change to the fair value measurement.
Schedule of Reconciliation of Level 3 Recurring at Fair Value	Year Ended December 31, Mortgage servicing rights 2024 2023 Beginning of period $ 30,932 $ 24,164 Originations 10,827 7,755 Settlements ( 2,453 ) ( 1,417 ) Changes in fair value 3,098 430 End of period $ 42,404 $ 30,932 Year Ended December 31, Mortgage loans held-for-investment at fair value 2024 2023 Beginning of period $ 21,041 $ 18,875 Transfers from loans held for sale 2,157 4,666 Settlements ( 813 ) ( 1,368 ) Reduction in unpaid principal balance ( 569 ) ( 881 ) Changes in fair value ( 338 ) ( 251 ) End of period $ 21,478 $ 21,041
Schedule of Carrying Values and Fair Values of Financial Instruments	December 31, 2024 December 31, 2023 Hierarchy Carrying Fair Value Carrying Fair Value Cash and cash equivalents Level 1 $ 149,998 $ 149,998 $ 226,150 $ 226,150 3.875 % senior notes (1)(2) Level 2 $ 496,428 $ 446,875 $ 495,656 $ 436,875 6.750 % senior notes (1)(2) Level 2 $ 498,027 $ 498,750 $ 497,210 $ 500,000 Revolving line of credit (3) Level 2 $ 135,500 $ 135,500 $ — $ — Other financing obligations (3)(4) Level 3 $ 113,454 $ 113,454 $ 69,605 $ 69,605 Mortgage repurchase facilities (3) Level 2 $ 232,804 $ 232,804 $ 239,298 $ 239,298 (1) Estimated fair value of the senior notes is based on recent trading activity in inactive markets. (2) Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2024, these amounts totaled $ 3.6 million and $ 2.0 million for the 3.875 % senior notes and 6.750 % senior notes, respectively. As of December 31, 2023, these amounts totaled $ 4.3 million and $ 2.8 million for the 3.875 % senior notes and 6.750 % senior notes, respectively. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) Other financing obligations included $ 11.0 million related to insurance premium notes and certain secured borrowings that generally bore interest rates ranging from 5.0 % to 8.0 %, and $ 102.4 million related to outstanding borrowings on construction loan agreements that bore a weighted average interest rate of 6.5 % during the period ended December 31, 2024. Other financing obligations included $ 24.7 million related to insurance premium notes and certain secured borrowings that generally bore interest rates ranging from 4.8 % to 7.7 %, and $ 44.9 million related to outstanding borrowings on the construction loan agreements that bore a weighted average interest rate of 7.4 % during the period ended December 31, 2023.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Stock-Based Compensation [Abstract]
Summary of Restricted Stock Award Activity	Year Ended December 31, 2024 2023 2022 Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Outstanding, beginning of year 1,457 $ 59.27 977 $ 50.78 1,104 $ 31.48 Granted 389 84.19 707 61.09 428 59.41 Vested ( 335 ) 59.69 ( 450 ) 36.27 ( 518 ) 27.17 Forfeited ( 202 ) 60.61 ( 59 ) 60.86 ( 37 ) 57.79 Adjustment for PSU awards granted in prior year periods - - 282 55.93 - - Outstanding, end of year 1,309 $ 65.43 1,457 $ 59.27 977 $ 50.78
Summary of Outstanding RSUs and PSUs	December 31, 2024 Unvested units 1,309 Unrecognized compensation cost $ 28,269 Weighted-average years to recognize compensation cost 1.64

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity [Abstract]
Schedule of Dividends Declared	Year Ended December 31, 2024 Cash Dividends Declared and Paid Declaration Date Record Date Paid Date Per Share Amount February 7, 2024 February 28, 2024 March 13, 2024 $ 0.26 $ 8,264 May 15, 2024 May 29, 2024 June 12, 2024 $ 0.26 $ 8,217 August 14, 2024 August 28, 2024 September 11, 2024 $ 0.26 $ 8,148 November 7, 2024 November 27, 2024 December 11, 2024 $ 0.26 $ 8,122 Year Ended December 31, 2023 Cash Dividends Declared and Paid Declaration Date Record Date Paid Date Per Share Amount February 8, 2023 March 1, 2023 March 15, 2023 $ 0.23 $ 7,365 May 17, 2023 May 31, 2023 June 14, 2023 $ 0.23 $ 7,368 August 16, 2023 August 30, 2023 September 13, 2023 $ 0.23 $ 7,341 November 8, 2023 November 29, 2023 December 13, 2023 $ 0.23 $ 7,307

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Year Ended December 31, 2024 2023 2022 Numerator Net income $ 333,816 $ 259,224 $ 525,126 Denominator Weighted average common shares outstanding - basic 31,510,282 31,918,942 32,578,967 Dilutive effect of stock-based compensation awards 600,553 290,417 398,968 Weighted average common shares outstanding - diluted 32,110,835 32,209,359 32,977,935 Earnings per share: Basic $ 10.59 $ 8.12 $ 16.12 Diluted $ 10.40 $ 8.05 $ 15.92

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies [Abstract]
Maturities of Lease Liabilities	2025 $ 4,308 2026 4,847 2027 3,178 2028 2,883 2029 761 Thereafter 47 Total $ 16,024 Less: discount ( 1,739 ) Total lease liabilities $ 14,285

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) state segment item	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Number of operating states | state	17
Number of operating segments | segment	5
Earnest money deposits	$ 8,800	$ 7,900
Number of communities impairment charges | item	9	5	22
Carrying value of communities before impairment	$ 49,500
Inventory impairment	8,778	$ 1,877	$ 10,149
Non-refundable cash deposits classified in prepaid expenses and other assets	54,700	18,300
Advertising and marketing costs	$ 22,800	14,900	9,500
Awards vesting period	3 years
Service period	3 years
Tax valuation allowance	$ 0	0
Reserves for uncertain tax positions	0	0
Goodwill impairment	0	0
Abandonment of lot option contracts	$ 6,036	$ 3,373	$ 11,564
Model Homes And Sales Facilities [Member] | Minimum [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	1 year
Model Homes And Sales Facilities [Member] | Maximum [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 years

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies (Schedule of Estimated Lives of Property Plant and Equipment) (Details)	Dec. 31, 2024
Leasehold Improvements, Furniture And Fixtures, And Other [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Leasehold Improvements, Furniture And Fixtures, And Other [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Buildings And Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years
Buildings And Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Machinery And Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Machinery And Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years
Model Furnishings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	1 year
Model Furnishings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Hardware and Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	1 year
Computer Hardware and Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years

Reporting Segments (Narrative)

Reporting Segments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2024 segment region state
Segment Reporting Information [Line Items]
Number of operating states	17
Number of geographic operating regions | region	4
Number of reportable segments | segment	5
Century Complete [Member]
Segment Reporting Information [Line Items]
Number of operating states	10

Reporting Segments (Schedule of

Reporting Segments (Schedule of Total Revenue and Pretax Income (loss) by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 4,398,288	$ 3,692,185	$ 4,505,916
Inventory impairment	(8,778)	(1,877)	(10,149)
Selling, general and administrative	(516,489)	(447,311)	(430,742)
Income before income tax expense	440,060	350,830	676,900
Home Sales [Member]
Segment Reporting Information [Line Items]
Total revenue	4,302,638	3,604,434	4,393,786
Cost of revenues	(3,369,131)	(2,838,436)	(3,305,366)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	4,398,288	3,692,185	4,505,916
Other segment items	2,355	(5,071)	(28,484)
Inventory impairment	(8,778)	(1,877)	(10,149)
Selling, general and administrative	(516,489)	(447,311)	(430,742)
Income before income tax expense	440,060	350,830	676,900
Operating Segments [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(3,369,131)	(2,838,436)	(3,305,366)
Operating Segments [Member] | West [Member]
Segment Reporting Information [Line Items]
Total revenue	901,889	667,269	1,075,507
Other segment items	(1,404)	(398)	(4,787)
Selling, general and administrative	(68,505)	(54,964)	(65,608)
Income before income tax expense	142,414	89,503	218,546
Operating Segments [Member] | West [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(689,566)	(522,404)	(786,566)
Operating Segments [Member] | Mountain [Member]
Segment Reporting Information [Line Items]
Total revenue	1,077,473	967,240	1,147,826
Other segment items	(4,130)	(5,215)	(14,608)
Selling, general and administrative	(87,892)	(79,646)	(77,107)
Income before income tax expense	129,872	113,958	192,525
Operating Segments [Member] | Mountain [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(855,579)	(768,421)	(863,586)
Operating Segments [Member] | Texas [Member]
Segment Reporting Information [Line Items]
Total revenue	627,071	461,414	531,188
Other segment items	(340)	(439)	(1,956)
Inventory impairment	(3,435)	(679)	(2,037)
Selling, general and administrative	(66,579)	(42,814)	(49,756)
Income before income tax expense	58,046	43,791	74,796
Operating Segments [Member] | Texas [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(498,671)	(373,691)	(402,643)
Operating Segments [Member] | Southeast [Member]
Segment Reporting Information [Line Items]
Total revenue	701,508	595,474	726,100
Other segment items	(1,605)	(2,010)	(3,801)
Inventory impairment	(1,142)		(2,592)
Selling, general and administrative	(63,294)	(52,761)	(57,112)
Income before income tax expense	102,091	107,003	139,038
Operating Segments [Member] | Southeast [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(533,376)	(433,700)	(523,557)
Operating Segments [Member] | Century Complete [Member]
Segment Reporting Information [Line Items]
Total revenue	997,450	920,565	929,862
Other segment items	(1,957)	(379)	(1,183)
Inventory impairment	(4,201)	(1,198)	(5,520)
Selling, general and administrative	(98,919)	(87,736)	(78,201)
Income before income tax expense	108,782	99,043	113,544
Operating Segments [Member] | Century Complete [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(783,591)	(732,209)	(731,414)
Operating Segments [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Other segment items	11,791	3,370	(2,149)
Selling, general and administrative	(131,300)	(129,390)	(102,958)
Income before income tax expense	(127,857)	(134,031)	(102,707)
Operating Segments [Member] | Corporate [Member] | Home Sales [Member]
Segment Reporting Information [Line Items]
Cost of revenues	(8,348)	(8,011)	2,400
Operating Segments [Member] | Financial Services [Member]
Segment Reporting Information [Line Items]
Total revenue	92,897	80,223	95,433
Cost of revenues	(66,185)	(48,660)	(54,275)
Income before income tax expense	$ 26,712	$ 31,563	$ 41,158

Reporting Segments (Schedule _2

Reporting Segments (Schedule of Total Assets by Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 4,532,472	$ 4,139,362
West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	780,991	786,489
Mountain [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	1,026,047	1,051,052
Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	834,815	577,129
Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	616,747	503,249
Century Complete [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	468,256	386,444
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	478,730	450,208
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 326,886	$ 384,791

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) $ in Thousands			12 Months Ended
	Jul. 31, 2024 USD ($) item	Jan. 22, 2024 USD ($) item	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Combinations [Line Items]
Business acquisition, paid in cash			$ 159,706
Goodwill			41,109	$ 30,395
Revenues			4,398,288	3,692,185	$ 4,505,916
Income before tax expense			440,060	$ 350,830	$ 676,900
Landmark [Member]
Business Combinations [Line Items]
Number of active communities acquired | item		6
Business combination, purchase price		$ 33,400
Acquisition costs		100
Goodwill		$ 3,400
Goodwill amount expected to be tax deductible			7,600
Revenues			48,400
Income before tax expense			2,000
Anglia [Member]
Business Combinations [Line Items]
Number of active communities acquired | item	26
Business combination, purchase price	$ 127,000
Acquisition costs	$ 500
Amortizable intangible assets			1,900
Amortization period of acquired intangible assets	2 years
Goodwill	$ 7,400		7,351
Goodwill amount expected to be tax deductible			27,000
Revenues			49,300
Income before tax expense			$ (1,700)
Anglia [Member] | Minimum [Member]
Business Combinations [Line Items]
Percent of estimated market participant gross margin	8%
Anglia [Member] | Maximum [Member]
Business Combinations [Line Items]
Percent of estimated market participant gross margin	20%
Right Of First Refusal [Member] | Anglia [Member]
Business Combinations [Line Items]
Amortizable intangible assets	$ 900
Non-Compete Agreements [Member] | Anglia [Member]
Business Combinations [Line Items]
Amortizable intangible assets	$ 1,000

Business Combinations (Schedule

Business Combinations (Schedule Of Fair Values Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jul. 31, 2024	Jan. 22, 2024	Dec. 31, 2023
Assets acquired and liabilities assumed
Goodwill	$ 41,109			$ 30,395
Landmark [Member]
Assets acquired and liabilities assumed
Goodwill			$ 3,400
Anglia [Member]
Assets acquired and liabilities assumed
Prepaid expenses and other assets	7,885
Inventories	111,425
Property and equipment, net	127
Amortizable intangible assets	1,900
Goodwill	7,351	$ 7,400
Total assets	128,688
Accounts payable	1,281
Accrued expenses and other liabilities	417
Total liabilities	1,698
Net assets acquired	$ 126,990

Inventories (Schedule of Invent

Inventories (Schedule of Inventory) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Homes under construction	$ 1,614,630	$ 1,334,584
Land and land development	1,755,382	1,609,459
Capitalized interest	84,325	72,598	$ 61,775	$ 53,379
Total inventories	$ 3,454,337	$ 3,016,641

Financial Services (Narrative)

Financial Services (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financial Services [Line Items]
Mortgage loans held for sale	$ 236,926	$ 251,852
Inspire [Member]
Financial Services [Line Items]
Mortgage loans in process	76,300	49,600
Mortgage loans held for sale aggregate outstanding principal balance	241,600	247,700
Net gains (losses) on the sale of mortgage loans	59,700	54,900	$ 41,200
Gains (losses) in fair value for loans held-for-sale	$ (8,800)	$ 2,600	$ (9,500)
Inspire [Member] | Weighted Average [Member]
Financial Services [Line Items]
Interest rate	5.50%	5.80%

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Property and Equipment [Abstract]
Gain on sale of one multi family rental property	$ 23.3
Other significant noncash transaction amount	$ 149.1

Property and Equipment (Schedul

Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment	$ 187,413	$ 94,640
Less accumulated depreciation	(32,237)	(25,565)
Total property and equipment, net	155,176	69,075
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	9,209	1,507
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	91,952	10,436
Leasehold Improvements, Furniture And Fixtures, And Other [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	15,306	11,373
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	28,079	33,511
Model Furnishings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	30,003	23,057
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 12,864	$ 14,756

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Schedule of Prepaid Expenses and Other Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 27,384	$ 37,624
Lot option and escrow deposits	92,494	51,369
Performance deposits	10,561	10,170
Restricted cash	25,325	15,853
Multi-family rental properties under construction	119,441	136,300
Mortgage loans held for investment	31,858	27,867
Mortgage servicing rights	42,404	30,932
Other assets and prepaid expenses	69,917	40,078
Total prepaid expenses and other assets	419,384	$ 350,193
Other significant noncash transaction amount	$ 149,100

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Schedule of Accrued Expenses and Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 8,786	$ 7,933
Warranty reserve	12,762	11,524	$ 13,136
Self-insurance reserve	32,970	23,659	$ 16,998
Accrued compensation costs	82,020	80,133
Land development and home construction accruals	112,392	120,224
Accrued interest	12,457	10,404
Other accrued liabilities	40,930	49,515
Total accrued expenses and other liabilities	$ 302,317	$ 303,392

Warranties (Narrative) (Details

Warranties (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Warranties [Abstract]
Warranty reserve adjustment	$ (3,096)	$ (3,395)

Warranties (Schedule of Changes

Warranties (Schedule of Changes in Warranty Accrual) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Warranties [Abstract]
Beginning balance	$ 11,524	$ 13,136
Warranty expense provisions	11,059	9,373
Payments	(6,725)	(7,590)
Warranty adjustment	(3,096)	(3,395)
Ending balance	$ 12,762	$ 11,524

Self-Insurance Reserve (Narrati

Self-Insurance Reserve (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Self-Insurance Reserve [Abstract]
Self-insurance adjustment	$ (788)	$ (3,446)

Self-Insurance Reserve (Changes

Self-Insurance Reserve (Changes in Self Insurance Reserve) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Self-Insurance Reserve [Abstract]
Beginning balance	$ 23,659	$ 16,998
Self-insurance expense provisions	11,773	10,260
Payments	(1,674)	(153)
Self-insurance adjustment	(788)	(3,446)
Ending balance	$ 32,970	$ 23,659

Debt (Narrative) (Details)

Debt (Narrative) (Details)	1 Months Ended		12 Months Ended
	Aug. 31, 2021 USD ($)	May 31, 2019 USD ($)	Dec. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Nov. 01, 2024 USD ($)	Feb. 29, 2020 USD ($)
Debt Instrument [Line Items]
Notes payable			$ 1,107,909,000	$ 1,062,471,000
Line of credit facility, outstanding amount			135,500,000
Mortgage repurchase facilities			232,804,000	239,298,000
Land development notes, outstanding				14,400,000
Insurance premium notes, outstanding			11,000,000	10,300,000
Interest expense payments			$ 78,900,000	58,100,000	$ 61,100,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate			5.90%
Line of credit facility, outstanding amount			$ 135,500,000	$ 0
Inspire [Member] | Mortgage Repurchase Facilities - Financial Services [Member]
Debt Instrument [Line Items]
Weighted average interest rate			6.10%
Maturity date			Nov. 14, 2025
Maximum [Member] | Inspire [Member] | Mortgage Repurchase Facilities - Financial Services [Member]
Debt Instrument [Line Items]
Line of credit facility. maximum borrowing capacity			$ 425,000,000
Second Amended And Restated Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date			Nov. 01, 2028
Line of credit facility. maximum borrowing capacity						$ 900,000,000
Letter of credit sublimit			$ 250,000,000
Extension of the maturity date			1 year
Second Amended And Restated Credit Agreement [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Commitment fee percentage			0.20%
Second Amended And Restated Credit Agreement [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Number of times of extension of maturity date | item			3
Line of credit facility, increased amount			$ 400,000,000
Commitment fee percentage			0.35%
Second Amended And Restated Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.45%
Second Amended And Restated Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			2.30%
Second Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			0.45%
Second Amended And Restated Credit Agreement [Member] | Base Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.30%
Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Principal amount			$ 139,600,000
Weighted average interest rate			6.50%	7.40%
Notes payable			$ 102,400,000	$ 44,900,000
Debt instrument, option to extend maturity, term			12 months
Construction Loan Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Maturity date			Mar. 17, 2026
Construction Loan Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maturity date			Mar. 17, 2028
Exchange Notes Due 2027 [Member]
Debt Instrument [Line Items]
Principal amount							$ 500,000,000
Senior Note 3.875% Due August 2029 [Member]
Debt Instrument [Line Items]
Principal amount	$ 500,000,000
Interest rate	3.875%		3.875%
Amount borrowed from lender	$ 493,800,000
Discount rate	100%
Notes payable			$ 496,428,000	495,656,000
Deferred issuance costs	$ 6,200,000
Senior Notes 6.750% Due June 2027 [Member]
Debt Instrument [Line Items]
Principal amount		$ 500,000,000
Interest rate		6.75%	6.75%
Amount borrowed from lender		$ 493,900,000
Discount rate		100%
Notes payable			$ 498,027,000	497,210,000
Deferred issuance costs		$ 6,100,000
Other Financing Obligations [Member]
Debt Instrument [Line Items]
Notes payable			$ 113,454,000	$ 69,605,000

Debt (Schedule of Outstanding D

Debt (Schedule of Outstanding Debt Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Aug. 31, 2021	May 31, 2019
Debt Instrument [Line Items]
Notes payable	$ 1,107,909	$ 1,062,471
Revolving line of credit	135,500
Mortgage repurchase facilities	232,804	239,298
Total debt	1,476,213	1,301,769
Senior Note 3.875% Due August 2029 [Member]
Debt Instrument [Line Items]
Notes payable	$ 496,428	495,656
Interest rate	3.875%		3.875%
Maturity date	2029-08
Senior Notes 6.750% Due June 2027 [Member]
Debt Instrument [Line Items]
Notes payable	$ 498,027	497,210
Interest rate	6.75%			6.75%
Maturity date	2027-06
Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Notes payable	$ 102,400	44,900
Other Financing Obligations [Member]
Debt Instrument [Line Items]
Notes payable	113,454	69,605
Other Financing Obligations [Member] | Insurance Premium Notes And Certain Secured Borrowings [Member]
Debt Instrument [Line Items]
Notes payable	$ 11,000	$ 24,700

Debt (Schedule of Aggregate Ann

Debt (Schedule of Aggregate Annual Maturities of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt [Abstract]
2025	$ 243,822
2026	70,550
2027	500,000
2028	167,386
2029	500,000
Total	1,481,758
Less: Discount and deferred financing costs, net on senior notes	(5,545)
Total debt	$ 1,476,213	$ 1,301,769

Interest on Senior Notes and _3

Interest on Senior Notes and Revolving Line of Credit (Schedule of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest on Senior Notes and Revolving Line of Credit [Abstract]
Interest capitalized beginning of period	$ 72,598	$ 61,775	$ 53,379
Interest capitalized during period	72,013	56,750	63,065
Less: capitalized interest in cost of sales	(60,286)	(45,927)	(54,669)
Interest capitalized end of period	$ 84,325	$ 72,598	$ 61,775

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Examination [Line Items]
Federal statutory income tax	21%	21%	21%
Income tax expense	$ 106,244,000	$ 91,606,000	$ 151,774,000
Tax valuation allowance	0	0
Reserves for uncertain tax positions	0	0
Income tax expense impacted by the benefit from Federal Energy Credits	6,584,000	$ 2,596,000	$ 18,324,000
Federal income tax credit for each home meets the statute	2,000
Maximum [Member] | Federal [Member]
Income Tax Examination [Line Items]
Federal income tax credit for each home meets the statute	$ 5,000
Income tax year under examination	2024
Minimum [Member] | Federal [Member]
Income Tax Examination [Line Items]
Federal income tax credit for each home meets the statute	$ 2,500
Income tax year under examination	2019

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Federal	$ 92,177	$ 73,003	$ 119,255
State and local	19,289	14,745	32,136
Total current	111,466	87,748	151,391
Federal	(4,467)	3,020	361
State and local	(755)	838	22
Total deferred	(5,222)	3,858	383
Income tax expense	$ 106,244	$ 91,606	$ 151,774

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Tax Expense by Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Federal statutory income tax expense	$ 92,413	$ 73,652	$ 142,149
State income tax expense, net of federal income tax expense benefit	15,439	12,966	26,284
Executive compensation	6,470	9,507	5,889
Excess tax benefits upon vesting of share based payment awards	(863)	(311)	(675)
Federal energy credits	(6,584)	(2,596)	(18,324)
State tax credits		(185)	(635)
Other	(631)	(1,427)	(2,914)
Income tax expense	$ 106,244	$ 91,606	$ 151,774

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Income Taxes [Abstract]
Warranty reserves	$ 3,196	$ 2,775
Stock-based compensation	1,938	1,682
Accrued compensation and other	13,628	12,812
Inventories, additional costs capitalized for tax	18,887	18,896
Lease liabilities	3,675	4,130
Amortizable intangible assets	4,103
Other	9,813	6,518
Deferred tax asset	55,240	46,813
Prepaid expenses	(305)	(284)
Property and equipment	(12,325)	(13,061)
Mortgage servicing rights	(10,233)	(7,449)
Right of use assets	(3,355)	(3,909)
Other	(6,802)	(5,112)
Deferred tax liability	(33,020)	(29,815)
Net deferred tax asset	$ 22,220	$ 16,998

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment charge	$ 8,778	$ 1,877	$ 10,149
Carrying value of communities before impairment	$ 49,500
Number of communities impairment charges | item	9	5	22
Century Complete And Texas [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of communities before impairment	$ 49,500
Number of communities impairment charges | item	9
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average discount rate inventory measurement input	14%	12%	12%

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule of Assets and Liabilities Measured at Fair Value) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) $ / item	Dec. 31, 2023 USD ($) $ / item
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale	$ 236,926	$ 251,852
Mortgage servicing rights	$ 42,404	$ 30,932
Mortgage servicing rights, cost to service per year per loan | $ / item	74	72
Prepayment Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage servicing rights rates	8.5	8.6
Discount Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage servicing rights rates	10.6	10.3
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities and Other Liabilities
Level 2 [Member] | Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 3,990	$ 1,618
Derivative liabilities		5,291
Level 2 [Member] | Recurring [Member] | Mortgage Loan Held For Sale [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale	236,926	251,852
Level 3 [Member] | Recurring [Member] | Prepaid Expenses And Other Assets [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for investment	21,478	21,041
Mortgage servicing rights	$ 42,404	$ 30,932

Fair Value Disclosures (Sched_2

Fair Value Disclosures (Schedule of Reconciliation of Level 3 Recurring at Fair Value) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of period	$ 30,932
End of period	42,404	$ 30,932
Mortgage Servicing Rights [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of period	30,932	24,164
Originations	10,827	7,755
Settlements	(2,453)	(1,417)
Changes in fair value	3,098	430
End of period	42,404	30,932
Mortgage Loans Held-For-Investment At Fair Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning of period	21,041	18,875
Transfers from loans held for sale	2,157	4,666
Settlements	(813)	(1,368)
Reduction in unpaid principal balance	(569)	(881)
Changes in fair value	(338)	(251)
End of period	$ 21,478	$ 21,041

Fair Value Disclosures (Sched_3

Fair Value Disclosures (Schedule of Carrying Values and Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 149,998	$ 226,150	$ 296,724
Revolving line of credit	135,500
Mortgage repurchase facilities	232,804	239,298
Carrying amounts include unamortized deferred financing costs, premiums and discounts	5,545
Notes payable	1,107,909	1,062,471
Other Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	113,454	69,605
Senior Notes 3.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts	$ 3,600	$ 4,300
Interest rate	3.875%	3.875%
Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amounts include unamortized deferred financing costs, premiums and discounts	$ 2,000	$ 2,800
Interest rate	6.75%	6.75%
Construction Loan Agreement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 102,400	$ 44,900
Debt, Weighted Average Interest Rate	6.50%	7.40%
Insurance Premium Notes And Certain Secured Borrowings [Member] | Other Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 11,000	$ 24,700
Level 1 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	149,998	226,150
Level 1 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	149,998	226,150
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	135,500
Mortgage repurchase facilities	232,804	239,298
Level 2 [Member] | Carrying Value [Member] | Senior Notes 3.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	496,428	495,656
Level 2 [Member] | Carrying Value [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	498,027	497,210
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving line of credit	135,500
Mortgage repurchase facilities	232,804	239,298
Level 2 [Member] | Fair Value [Member] | Senior Notes 3.875% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	446,875	436,875
Level 2 [Member] | Fair Value [Member] | Senior Notes 6.750% [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	498,750	500,000
Level 3 [Member] | Carrying Value [Member] | Other Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	113,454	69,605
Level 3 [Member] | Fair Value [Member] | Other Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 113,454	$ 69,605
Minimum [Member] | Insurance Premium Notes And Certain Secured Borrowings [Member] | Other Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate	5%	4.80%
Maximum [Member] | Insurance Premium Notes And Certain Secured Borrowings [Member] | Other Financing Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate	8%	7.70%

Post-Retirement Plan (Narrative

Post-Retirement Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Post-Retirement Plan [Abstract]
Matching contribution, percentage	50%	50%	50%
Employer contribution, percent of employee's gross pay	6%	6%	6%
Contribution, amount	$ 4.4	$ 3	$ 3.3

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	3 years
Compensation expense	$ 27.9	$ 36.8	$ 20
Earnings Per Share, Basic	$ 10.59	$ 8.12	$ 16.12
Earnings Per Share, Diluted	$ 10.40	$ 8.05	$ 15.92
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	200,000	200,000	200,000
Grant date fair value	$ 86.20	$ 62.76	$ 62.90
Awards vesting period	3 years
Earnings Per Share, Basic	$ 0.06
Earnings Per Share, Diluted	$ 0.06
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	300,000	500,000	500,000
Shares vested	200,000	300,000	300,000
Grant date fair value	$ 82.23	$ 60.05	$ 55.93
Awards vesting period	3 years
Shares will vest if defined maximum performance targets are met	1,100,000
Shares will vest if defined maximum performance targets are not met	0
Shares increased	100,000	500,000
Cumulative catch-up adjustment	$ 2.6	$ 14.5
Cumulative catch-up adjustment, net of tax	$ 2	$ 10.7
Earnings Per Share, Basic		$ 0.33
Earnings Per Share, Diluted		$ 0.33
Performance Share Units [Member] | Granted In Previous Periods [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares increased		282,000
Performance Share Units [Member] | Tranche One [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	0%
Performance Share Units [Member] | Tranche One [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target range	250%
Non-Employee Directors [Member] | Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	11,000	12,000	11,000
Grant date fair value	$ 82.84	$ 65.30	$ 54.46

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Award Activity) (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
RSUs, PSUs And RSAs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of year (shares)	1,457	977	1,104
Granted (shares)	389	707	428
Vested (shares)	(335)	(450)	(518)
Forfeited (shares)	(202)	(59)	(37)
Outstanding, end of year (shares)	1,309	1,457	977
Outstanding, beginning of year (Weighted average per share grant date fair value)	$ 59.27	$ 50.78	$ 31.48
Granted (Weighted average per share grant date fair value)	84.19	61.09	59.41
Vested (Weighted average per share grant date fair value)	59.69	36.27	27.17
Forfeited (Weighted average per share grant date fair value)	60.61	60.86	57.79
Outstanding, end of year (Weighted average per share grant date fair value)	$ 65.43	$ 59.27	$ 50.78
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested (shares)	(200)	(300)	(300)
Adjustment for PSU awards granted in prior periods (shares)	100	500
Granted (Weighted average per share grant date fair value)	$ 82.23	$ 60.05	$ 55.93
Granted In Previous Periods [Member] | Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjustment for PSU awards granted in prior periods (shares)		282
Adjustment for PSU awards granted in previous periods (Weighted average per share grant date)		$ 55.93

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary of Outstanding RSUs and PSUs) (Details) - RSUs And PSUs [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested units | shares	1,309
Unrecognized compensation cost | $	$ 28,269
Weighted-average years to recognize compensation cost	1 year 7 months 20 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	May 04, 2022
Class of Stock [Line Items]
Common stock shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.01	$ 0.01
Preferred stock shares authorized	50,000,000	50,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Common stock shares issued	30,961,227	31,774,615
Common stock shares outstanding	30,961,227	31,774,615
Preferred stock shares outstanding	0	0
Shares amount to be repurchased	9,000,000
Shares available to be purchased	4,700,000
Weighted average price of repurchased shares	$ 81.55	$ 69.09
Cost netted and surrendered as payment for minimum statutory withholding obligations in connection with vested awards	$ 10.5	$ 10.7
Common stock repurchased	1,000,000	278,200
Common stock repurchased, amount	$ 83.8	$ 19.2
Omnibus 2022 Incentive Plan [Member]
Class of Stock [Line Items]
Vesting of stock-based compensation awards and issuance of unrestricted common stock awards, shares	300,000	500,000
Common stock shares for stock award issuance	2,200,000		3,100,000
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award issuance			51,200

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Dividends Declared) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
2024 Q1 [Member]
Dividends Payable [Line Items]
Declaration Date	Feb. 07, 2024
Record Date	Feb. 28, 2024
Paid Date	Mar. 13, 2024
Cash Dividends Declared and Paid, Per Share	$ 0.26
Cash Dividends Declared and Paid, Amount	$ 8,264
2024 Q2 [Member]
Dividends Payable [Line Items]
Declaration Date	May 15, 2024
Record Date	May 29, 2024
Paid Date	Jun. 12, 2024
Cash Dividends Declared and Paid, Per Share	$ 0.26
Cash Dividends Declared and Paid, Amount	$ 8,217
2024 Q3 [Member]
Dividends Payable [Line Items]
Declaration Date	Aug. 14, 2024
Record Date	Aug. 28, 2024
Paid Date	Sep. 11, 2024
Cash Dividends Declared and Paid, Per Share	$ 0.26
Cash Dividends Declared and Paid, Amount	$ 8,148
2024 Q4 [Member]
Dividends Payable [Line Items]
Declaration Date	Nov. 07, 2024
Record Date	Nov. 27, 2024
Paid Date	Dec. 11, 2024
Cash Dividends Declared and Paid, Per Share	$ 0.26
Cash Dividends Declared and Paid, Amount	$ 8,122
2023 Q1 [Member]
Dividends Payable [Line Items]
Declaration Date		Feb. 08, 2023
Record Date		Mar. 01, 2023
Paid Date		Mar. 15, 2023
Cash Dividends Declared and Paid, Per Share		$ 0.23
Cash Dividends Declared and Paid, Amount		$ 7,365
2023 Q2 [Member]
Dividends Payable [Line Items]
Declaration Date		May 17, 2023
Record Date		May 31, 2023
Paid Date		Jun. 14, 2023
Cash Dividends Declared and Paid, Per Share		$ 0.23
Cash Dividends Declared and Paid, Amount		$ 7,368
2023 Q3 [Member]
Dividends Payable [Line Items]
Declaration Date		Aug. 16, 2023
Record Date		Aug. 30, 2023
Paid Date		Sep. 13, 2023
Cash Dividends Declared and Paid, Per Share		$ 0.23
Cash Dividends Declared and Paid, Amount		$ 7,341
2023 Q4 [Member]
Dividends Payable [Line Items]
Declaration Date		Nov. 08, 2023
Record Date		Nov. 29, 2023
Paid Date		Dec. 13, 2023
Cash Dividends Declared and Paid, Per Share		$ 0.23
Cash Dividends Declared and Paid, Amount		$ 7,307

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Performance condition securities excluded from computation of diluted EPS	0.4	0.8	0.5

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator
Net income	$ 333,816	$ 259,224	$ 525,126
Denominator
Weighted average common shares outstanding - basic	31,510,282	31,918,942	32,578,967
Dilutive effect of stock-based compensation awards	600,553	290,417	398,968
Weighted average common shares outstanding - diluted	32,110,835	32,209,359	32,977,935
Earnings per share:
Basic	$ 10.59	$ 8.12	$ 16.12
Diluted	$ 10.40	$ 8.05	$ 15.92

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Commitments And Contingencies [Line Items]
Outstanding letters of credit and performance bonds	$ 563.5	$ 510.5
Operating lease expense	$ 7.3	$ 8	$ 7.9
Minimum [Member]
Commitments And Contingencies [Line Items]
Lease term	1 year
Maximum [Member]
Commitments And Contingencies [Line Items]
Lease term	10 years

Commitments and Contingencies_3

Commitments and Contingencies (Maturities of Lease Liabilities) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 4,308
2026	4,847
2027	3,178
2028	2,883
2029	761
Thereafter	47
Total	16,024
Less: discount	(1,739)
Total lease liabilities	$ 14,285
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities and Other Liabilities