Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Disaggregation of Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition (in thousands):

	Years Ended December 31,
	2018				2017				2016
	Builder Operations		Land Development		Builder Operations		Land Development		Builder Operations		Land Development
Primary Geographic Market
Central	$	281,868	$	40,184	$	224,670	$	17,928	$	206,831	$	14,201
Southeast	297,025		4,570		214,850		802		168,990		963
Total revenues	$	578,893	$	44,754	$	439,520	$	18,730	$	375,821	$	15,164
Type of Customer
Homebuyers	$	578,893	$	—	$	439,520	$	—	$	375,821	$	—
Homebuilders	—		44,754		—		18,730		—		15,164
Total revenues	$	578,893	$	44,754	$	439,520	$	18,730	$	375,821	$	15,164
Product Type
Residential units	$	578,893	$	—	$	439,520	$	—	$	375,821	$	—
Land and lots	—		44,754		—		18,730		—		15,164
Total revenues	$	578,893	$	44,754	$	439,520	$	18,730	$	375,821	$	15,164
Timing of Revenue Recognition
Transferred at a point in time	$	571,177	$	44,754	$	435,644	$	18,730	$	365,164	$	15,164
Transferred over time	7,716		—		3,876		—		10,657		—
Total revenues	$	578,893	$	44,754	$	439,520	$	18,730	$	375,821	$	15,164

Contract with Customer, Asset and Liability [Abstract]

Contract with Customer, Asset and Liability [Table Text Block]

Contract Balances

Opening and closing contract balances included in customer and builder deposits on the consolidated balance sheets are as follows (in thousands):

	December 31, 2018		December 31, 2017
Customer and builder deposits	$	31,978	$	21,447

The difference between the opening and closing balances of customer and builder deposits results from the timing difference between the customer’s payment of a deposit and the Company’s performance, impacted slightly by terminations of contracts. 

The amount of deposits on residential units and land and lots held as of the beginning of the period and recognized as revenue during the years ended December 31, 2018 and 2017 are as follows (in thousands):

	2018		2017
Type of Customer
Homebuyers	$	19,342	$	9,880
Homebuilders	1,806		1,619
Total deposits recognized as revenue	$	21,148	$	11,499

Revenue, Performance Obligation [Abstract]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

The aggregate amount of transaction price allocated to the remaining performance obligations on our land sale and lot option contracts is $84.1 million. The Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands):

2019	$	42,618
2020	29,126
2021	12,335
Total	$	84,079