Income Taxes	3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure	10. INCOME TAXES The Company’s income tax expense for the three months ended March 31, 2022 was $18.4 million, compared to $7.5 million in the three months ended March 31, 2021. The effective tax rate was 22.3% for the three months ended March 31, 2022, compared to 21.3% in the comparable prior year period. The change in the effective tax rate for the three months ended March 31, 2022 relates primarily to the increase in book income offset by a decrease in the tax credit benefit from the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (“the 2019 Act”). The 2019 Act retroactively reinstated the federal energy efficient homes tax credit that expired on December 31, 2017 to homes closed from January 1, 2018 to December 31, 2020. In December 2020, Congress approved the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which extended the federal energy efficient homes tax credit through December 31, 2021. As of March 31, 2022, the credit for energy efficient new homes had not been extended past December 31, 2021.

Income Taxes

3 Months Ended

Mar. 31, 2022

10. INCOME TAXES

The Company’s income tax expense for the three months ended March 31, 2022 was $18.4 million, compared to $7.5 million in the three months ended March 31, 2021. The effective tax rate was 22.3% for the three months ended March 31, 2022, compared to 21.3% in the comparable prior year period. The change in the effective tax rate for the three months ended March 31, 2022 relates primarily to the increase in book income offset by a decrease in the tax credit benefit from the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (“the 2019 Act”). The 2019 Act retroactively reinstated the federal energy efficient homes tax credit that expired on December 31, 2017 to homes closed from January 1, 2018 to December 31, 2020. In December 2020, Congress approved the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which extended the federal energy efficient homes tax credit through December 31, 2021. As of March 31, 2022, the credit for energy efficient new homes had not been extended past December 31, 2021.