7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 
      
    		                                                    
      assets
    		                                                    
      cash and cash equivalents
    		791,961,000 622,642,000 812,937,000 970,045,000 675,957,000 492,940,000 943,998,000 868,953,000 849,039,000 981,567,000 966,298,000 889,664,000 228,137,000 270,124,000 412,703,000 681,528,000 587,405,000 556,483,000 584,665,000 621,295,000 493,585,000 474,545,000 624,129,000 329,011,000 130,262,000 171,516,000 148,782,000 277,696,000 83,086,000 239,906,000 324,608,000 282,914,000 162,396,000 114,945,000 128,519,000 208,657,000 128,715,000 117,509,000 144,019,000 214,485,000 96,993,000 121,907,000 106,573,000 170,629,000 147,683,000 26,120,000 32,046,000 35,261,000 32,303,000 37,537,000 71,215,000 19,824,000 
      receivables
    		150,522,000 165,716,000 131,855,000 111,613,000 113,725,000 111,637,000 125,133,000 224,636,000 119,406,000 117,134,000 141,076,000 169,449,000 169,496,000 145,430,000 116,749,000 116,996,000 86,926,000 91,348,000 81,365,000 63,551,000 73,419,000 87,580,000 83,701,000 69,276,000 70,507,000 58,370,000 58,234,000 51,592,000 85,026,000 59,611,000 55,249,000 125,600,000 84,583,000 73,003,000 65,999,000 82,500,000 35,321,000 34,671,000 32,688,000 43,710,000 32,921,000 34,189,000 23,012,000 20,118,000 26,943,000        
      real estate inventories
    		3,371,593,000 3,301,302,000 3,265,334,000 3,153,459,000 3,412,633,000 3,465,811,000 3,422,883,000 3,337,483,000 3,412,797,000 3,193,328,000 3,142,412,000 3,173,849,000 3,608,305,000 3,490,321,000 3,288,347,000 3,054,743,000 3,136,477,000 3,085,582,000 3,015,984,000 2,910,142,000 2,989,377,000 3,012,622,000 3,194,148,000 3,065,436,000 3,345,390,000 3,253,601,000 3,242,678,000 3,216,059,000 3,377,735,000 3,247,786,000 3,145,555,000 3,105,553,000 3,303,421,000 3,208,341,000 3,046,092,000 2,910,627,000 2,969,148,000 2,840,213,000 2,705,251,000 2,519,273,000 2,576,402,000 2,535,753,000 2,409,306,000 2,280,183,000 2,263,740,000 542,037,000 484,483,000 455,642,000 359,878,000 301,831,000 245,162,000 194,083,000 
      investments in unconsolidated entities
    		190,898,000 194,089,000 170,379,000 173,924,000 130,798,000 133,591,000 124,723,000 131,824,000 139,384,000 139,959,000 134,071,000 129,837,000 132,998,000 131,399,000 122,366,000 118,095,000 75,046,000 74,051,000 68,212,000 75,056,000 36,880,000 36,040,000 11,091,000 11,745,000 4,207,000 4,241,000 4,191,000 5,410,000 4,275,000 4,169,000 4,699,000 5,870,000 17,616,000 18,787,000 17,113,000 17,546,000 17,205,000 17,549,000 17,494,000 18,999,000 17,340,000 17,325,000 17,730,000 16,805,000 16,072,000        
      mortgage loans held for sale
    		78,405,000 104,862,000 79,443,000 115,001,000 80,071,000 32,936,000                                               
      goodwill and other intangible assets
    		156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,603,000 156,604,000 157,566,000 158,529,000 159,492,000 159,626,000 159,759,000 159,893,000 160,026,000 160,160,000 160,293,000 160,427,000 160,560,000 160,694,000 160,827,000 160,961,000 161,094,000 161,228,000 161,361,000 161,495,000 161,629,000 161,762,000 161,895,000 162,029,000 162,162,000 162,296,000 162,429,000 162,563,000 151,744,000        
      deferred tax assets
    		45,975,000 45,975,000 45,975,000 45,975,000 37,996,000 37,996,000 37,996,000 37,996,000 34,850,000 34,850,000 34,851,000 34,851,000 57,095,000 57,095,000 57,096,000 57,096,000 43,618,000 44,388,000 44,389,000 47,525,000 30,752,000 39,744,000 46,266,000 49,904,000 57,275,000 64,671,000 67,761,000 67,768,000 59,113,000 66,414,000 73,818,000 76,413,000 108,664,000 117,582,000 122,105,000 123,223,000 111,887,000 116,700,000 126,812,000 130,657,000 141,479,000 148,367,000 155,803,000 157,821,000 141,601,000 4,611,000 4,611,000 4,611,000     
      other assets
    		202,654,000 206,653,000 162,713,000 164,495,000 171,472,000 164,684,000 158,639,000 157,093,000 158,152,000 157,118,000 163,929,000 165,687,000 173,404,000 163,686,000 160,208,000 151,162,000 147,610,000 151,701,000 140,772,000 145,882,000 174,060,000 167,747,000 173,959,000 173,425,000 173,804,000 164,991,000 173,956,000 105,251,000 107,309,000 94,105,000 82,005,000 48,070,000 58,292,000 58,111,000 58,527,000 60,592,000 65,998,000 47,860,000 45,918,000 48,918,000 84,516,000 87,350,000 97,394,000 105,405,000 103,613,000 24,454,000 15,572,000 8,824,000 8,326,000 2,306,000 1,958,000 3,061,000 
      total assets
    		4,988,611,000 4,797,842,000 4,825,239,000 4,891,115,000 4,779,255,000 4,596,198,000 4,969,975,000 4,914,588,000 4,870,231,000 4,780,559,000 4,739,240,000 4,719,940,000 4,526,038,000 4,414,658,000 4,314,072,000 4,336,223,000 4,233,685,000 4,160,157,000 4,092,953,000 4,021,980,000 3,957,565,000 3,977,904,000 4,293,053,000 3,858,690,000 3,941,471,000 3,877,550,000 3,855,895,000 3,884,203,000 3,877,104,000 3,872,685,000 3,846,761,000 3,805,381,000 3,896,066,000 3,751,997,000 3,599,716,000 3,564,640,000 3,489,903,000 3,336,264,000 3,234,077,000 3,138,071,000 3,111,813,000 3,107,187,000 2,972,247,000 2,913,524,000 2,851,396,000 601,187,000 538,567,000 506,035,000 430,968,000 382,959,000 379,712,000  
      liabilities
    		                                                    
      accounts payable
    		72,338,000 81,448,000 75,798,000 68,228,000 75,214,000 57,410,000 51,736,000 64,833,000 55,231,000 78,386,000 57,544,000 62,324,000 64,109,000 112,942,000 76,015,000 84,854,000 119,699,000 141,143,000 118,904,000 79,690,000 94,064,000 71,086,000 77,275,000 66,120,000 81,279,000 63,091,000 66,605,000 81,313,000 83,711,000 88,936,000 76,249,000 72,870,000 64,038,000 63,251,000 74,115,000 70,252,000 77,667,000 79,818,000 67,601,000 64,840,000 67,747,000 51,009,000 60,995,000 68,860,000 62,464,000 20,640,000 16,006,000 23,397,000 14,598,000    
      accrued expenses and other liabilities
    		436,397,000 417,304,000 443,566,000 465,563,000 456,418,000 437,237,000 485,052,000 453,531,000 509,189,000 425,518,000 436,275,000 443,034,000 494,727,000 474,202,000 490,877,000 466,013,000 416,056,000 395,138,000 390,493,000 366,740,000 332,147,000 314,818,000 315,560,000 322,043,000 315,436,000 295,671,000 319,791,000 335,149,000 313,194,000 298,077,000 333,190,000 330,882,000 316,487,000 278,017,000 251,891,000 263,845,000 219,396,000 198,793,000 201,302,000 216,263,000 210,707,000 205,422,000 210,601,000 210,009,000 201,094,000        
      loans payable
    		459,437,000 262,921,000 267,774,000 270,970,000 275,914,000 283,929,000 288,337,000 288,337,000 288,337,000 287,427,000 287,427,000 287,427,000 250,000,000 250,000,000 250,000,000 250,504,000 257,381,000 258,979,000 258,979,000 258,979,000 250,000,000 250,000,000 750,000,000 250,000,000 400,000,000 400,000,000                           
      senior notes
    		647,317,000 647,053,000 646,791,000 646,534,000 646,280,000 646,030,000 1,095,192,000 1,094,249,000 1,093,321,000 1,092,408,000 1,091,509,000 1,090,624,000 1,089,752,000 1,088,895,000 1,088,050,000 1,087,219,000 1,086,401,000 1,085,595,000 1,084,803,000 1,084,022,000 1,083,254,000 1,166,189,000 1,034,925,000 1,033,985,000 1,033,058,000 1,032,145,000 1,412,463,000 1,410,804,000 1,419,198,000 1,453,366,000 1,473,074,000 1,471,302,000 1,469,558,000 1,467,861,000 1,169,914,000 1,168,307,000 1,166,724,000 1,165,114,000 869,939,000 868,679,000 888,657,000 888,267,000 887,882,000 887,502,000 887,130,000        
      mortgage repurchase facilities
    		71,089,000 99,022,000 69,586,000 104,098,000 75,465,000 32,096,000                                               
      total liabilities
    		1,686,578,000 1,507,748,000 1,503,515,000 1,555,393,000 1,529,291,000 1,456,702,000 1,920,317,000 1,900,950,000 1,946,078,000 1,883,739,000 1,872,755,000 1,883,409,000 1,898,588,000 1,926,039,000 1,904,942,000 1,888,590,000 1,879,537,000 1,880,855,000 1,853,179,000 1,789,431,000 1,759,465,000 1,802,093,000 2,177,760,000 1,672,148,000 1,829,773,000 1,790,907,000 1,798,859,000 1,827,266,000 1,916,103,000 1,840,379,000 1,882,513,000 1,875,054,000 2,050,083,000 1,959,129,000 1,745,920,000 1,716,130,000 1,681,545,000 1,561,483,000 1,513,234,000 1,451,608,000 1,524,075,000 1,556,480,000 1,481,620,000 1,441,048,000 1,427,816,000 267,234,000 211,700,000 183,729,000 118,122,000 75,391,000 74,493,000  
      commitments and contingencies
    		                                                    
      equity
    		                                                    
      stockholders’ equity:
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively
    		                                                    
      common stock
    		860,000 875,000 907,000 925,000 936,000 939,000 949,000 955,000 973,000 991,000 1,002,000 1,010,000 1,009,000 1,019,000 1,050,000 1,096,000 1,124,000 1,150,000 1,188,000 1,219,000 1,268,000 1,303,000 1,302,000 1,361,000 1,392,000 1,423,000 1,422,000 1,417,000 1,422,000 1,520,000 1,519,000 1,512,000 1,504,000 1,513,000 1,590,000 1,586,000 1,601,000 1,609,000 1,620,000 1,618,000 1,618,000 1,617,000 1,616,000 1,614,000 1,613,000 316,000 316,000 316,000 316,000 316,000 316,000  
      additional paid-in capital
    		           3,685,000    91,077,000 145,004,000 203,288,000 281,591,000 345,137,000 425,753,000 482,111,000 478,122,000 581,195,000 624,312,000 662,087,000 658,743,000 658,720,000 661,570,000 796,746,000 792,369,000 793,980,000 780,715,000 788,495,000 882,352,000 880,822,000 894,681,000 901,348,000 912,719,000 911,197,000 907,762,000 910,520,000 907,282,000 906,159,000 902,771,000 312,103,000 311,141,000 310,878,000 309,852,000 309,351,000 308,834,000  
      retained earnings
    		3,301,074,000 3,289,086,000 3,320,792,000 3,334,785,000 3,249,016,000 3,138,545,000 3,048,697,000 3,010,003,000 2,922,424,000 2,895,120,000 2,862,621,000 2,827,694,000 2,624,721,000 2,486,547,000 2,407,184,000 2,355,448,000 2,208,008,000 2,074,852,000 1,956,983,000 1,886,181,000 1,771,067,000 1,692,385,000 1,635,857,000 1,603,974,000 1,485,981,000 1,423,120,000 1,396,858,000 1,396,787,000 1,297,405,000 1,233,436,000 1,169,756,000 1,134,230,000 1,060,210,000 987,946,000 955,232,000 947,039,000 889,178,000 854,344,000 780,418,000 751,868,000 666,796,000 616,634,000 561,704,000 546,407,000 504,981,000 21,534,000 15,410,000 11,112,000 2,769,000    
      total stockholders’ equity
    		3,301,934,000 3,289,961,000 3,321,699,000 3,335,710,000 3,249,952,000 3,139,484,000 3,049,646,000 3,010,958,000 2,923,397,000 2,896,111,000 2,863,623,000 2,832,389,000 2,625,730,000 2,487,566,000 2,408,234,000 2,447,621,000 2,354,136,000 2,279,290,000 2,239,762,000 2,232,537,000 2,198,088,000 2,175,799,000 2,115,281,000 2,186,530,000 2,111,685,000 2,086,630,000 2,057,023,000 2,056,924,000 1,960,397,000 2,031,702,000 1,963,644,000 1,929,722,000 1,842,429,000 1,777,954,000 1,839,174,000 1,829,447,000 1,785,460,000 1,757,301,000 1,694,757,000 1,664,683,000 1,576,176,000    1,409,365,000 333,953,000 326,867,000 322,306,000 312,846,000 307,568,000 305,219,000  
      noncontrolling interests
    		99,000 133,000 25,000 12,000 12,000 12,000 12,000 2,680,000 756,000 709,000 2,862,000 4,142,000 1,720,000 1,053,000 896,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 13,000 13,000 13,000 13,000 604,000 604,000 604,000 605,000 3,554,000 14,914,000 14,622,000 19,063,000 22,898,000 17,480,000 26,086,000 21,780,000 11,562,000 21,936,000 20,025,000 18,296,000 14,215,000        
      total equity
    		3,302,033,000 3,290,094,000 3,321,724,000 3,335,722,000 3,249,964,000 3,139,496,000 3,049,658,000 3,013,638,000 2,924,153,000 2,896,820,000 2,866,485,000 2,836,531,000 2,627,450,000 2,488,619,000 2,409,130,000 2,447,633,000 2,354,148,000 2,279,302,000 2,239,774,000 2,232,549,000 2,198,100,000 2,175,811,000 2,115,293,000 2,186,542,000 2,111,698,000 2,086,643,000 2,057,036,000 2,056,937,000 1,961,001,000 2,032,306,000 1,964,248,000 1,930,327,000 1,845,983,000 1,792,868,000 1,853,796,000 1,848,510,000 1,808,358,000 1,774,781,000 1,720,843,000 1,686,463,000 1,587,738,000 1,550,707,000 1,490,627,000 1,472,476,000 1,423,580,000   322,306,000 312,846,000 307,568,000 305,219,000  
      total liabilities and equity
    		4,988,611,000 4,797,842,000 4,825,239,000 4,891,115,000 4,779,255,000 4,596,198,000 4,969,975,000 4,914,588,000 4,870,231,000 4,780,559,000 4,739,240,000 4,719,940,000 4,526,038,000 4,414,658,000 4,314,072,000 4,336,223,000 4,233,685,000 4,160,157,000 4,092,953,000 4,021,980,000 3,957,565,000 3,977,904,000 4,293,053,000 3,858,690,000 3,941,471,000 3,877,550,000 3,855,895,000 3,884,203,000 3,877,104,000 3,872,685,000 3,846,761,000 3,805,381,000 3,896,066,000 3,751,997,000 3,599,716,000 3,564,640,000 3,489,903,000 3,336,264,000 3,234,077,000 3,138,071,000 3,111,813,000 3,107,187,000 2,972,247,000 2,913,524,000 2,851,396,000   506,035,000 430,968,000 382,959,000 379,712,000  
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as march 31, 2025 and december 31, 2024, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2024 and 2023, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as september 30, 2024 and december 31, 2023, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as june 30, 2024 and december 31, 2023, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as march 31, 2024 and december 31, 2023, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2023 and 2022, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as september 30, 2023 and december 31, 2022, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as june 30, 2023 and december 31, 2022, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as march 31, 2023 and december 31, 2022, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2022 and 2021, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2021 and 2020, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2020 and 2019, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2020 and december 31, 2019, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2020 and december 31, 2019, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2019 and 2018, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2019 and december 31, 2018, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2019 and december 31, 2018, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2019 and december 31, 2018, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2018 and 2017, respectively
    		                                                    
      unsecured revolving credit facility
    		                            100,000,000    200,000,000 150,000,000 250,000,000 200,000,000 200,000,000 100,000,000 374,392,000 299,392,000 349,392,000 399,392,000           
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2018 and december 31, 2017, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2018 and december 31, 2017, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2018 and december 31, 2017, respectively
    		                                                    
      seller financed loans
    		                                   13,726,000 17,758,000 17,758,000  2,434,000 7,572,000 12,390,000           
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2017 and 2016, respectively
    		                                                    
      seller financed loan
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2017 and december 31, 2016, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2017 and december 31, 2016, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2017 and december 31, 2016, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2016 and 2015, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2016 and december 31, 2015, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2016 and december 31, 2015, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2016 and december 31, 2015, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2015 and 2014, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2015 and december 31, 2014, respectively
    		                                                    
      stockholders' equity:
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of june 30, 2015 and december 31, 2014, respectively
    		                                                    
      total stockholders' equity
    		                                         1,528,771,000 1,470,602,000 1,454,180,000         
      notes payable and other borrowings
    		                                          322,142,000 274,677,000 277,128,000        
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of march 31, 2015 and december 31, 2014, respectively
    		                                                    
      debt payable to weyerhaeuser
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of december 31, 2014 and 2013, respectively
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of september 30, 2014 and december 31, 2013, respectively
    		                                                    
      contracts and accounts receivable
    		                                             3,965,000 1,855,000 1,697,000 533,000 1,448,000 1,276,000 548,000 
      liabilities and stockholders’ equity
    		                                                    
      accrued liabilities
    		                                             19,466,000 18,761,000 22,220,000 11,072,000    
      notes payable
    		                                             227,128,000 176,933,000 138,112,000 92,452,000 62,557,000 60,896,000 57,368,000 
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares outstanding as of june 30, 2014 and december 31, 2013, respectively
    		                                                    
      total liabilities and stockholders’ equity
    		                                             601,187,000 538,567,000      
      preferred stock, 0.01 par value, 50,000,000 shares authorized; no shares outstanding as of march 31, 2014 and december 31, 2013, respectively
    		                                                    
      liabilities and equity
    		                                                    
      equity:
    		                                                    
      members equity
    		                                                    
      preferred stock, 0.01 par value, 50,000,000 shares authorized, no shares outstanding as of december 31, 2013
    		                                                    
      marketable securities
    		                                                29,928,000 39,837,000 60,101,000  
      preferred stock, 0.01 par value, 50,000,000 shares authorized, no shares outstanding as of september 30, 2013
    		                                                    
      accumulated other comprehensive loss
    		                                                -91,000 -182,000   
      accounts payable and accrued liabilities
    		                                                 12,834,000 13,597,000 10,995,000 
      preferred stock, 0.01 par value, 50,000,000 shares authorized, no shares outstanding as of june 30, 2013
    		                                                    
      accumulated deficit
    		                                                 -1,917,000 -3,992,000  
      preferred stock, 0.01 par value, 50,000,000 shares authorized, no shares outstanding
    		                                                    
      accumulated other comprehensive income
    		                                                  61,000  
      contracts intangible
    		                                                    
      liabilities and members’ equity
    		                                                    
      members’ equity
    		                                                   149,153,000 
      revenues:
    		                                                    
      home sales
    		                                                   77,477,000 
      fee building
    		                                                   1,073,000 
      expenses:
    		                                                    
      cost of home sales
    		                                                   63,688,000 
      sales and marketing
    		                                                   4,636,000 
      general and administrative
    		                                                   6,772,000 
      income from operations
    		                                                   2,530,000 
      organizational costs
    		                                                    
      other income
    		                                                   -24,000 
      net income
    		                                                   2,506,000 
      proforma income per share
    		                                                    
      basic
    		                                                   0.12 
      diluted
    		                                                   0.12 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.