Related Party Transactions Related Party Transactions (Tables)

6 Months Ended

Mar. 31, 2022

At March 31, 2022 and September 30, 2021, the Company owned approximately 64,200 and 64,400 residential lots, respectively, of which D.R. Horton had the following involvement.


	March 31, 2022		September 30, 2021
	(Dollars in millions)
Residential lots under contract to sell to D.R. Horton	19,100		21,000
Residential lots subject to right of first offer with D.R. Horton	17,600		18,200
Earnest money deposits from D.R. Horton for lots under contract	$	134.1	$	143.1
Earnest money notes from D.R. Horton for lots under contract	$	0.4	$	0.7
Remaining purchase price of lots under contract with D.R. Horton	$	1,460.8	$	1,582.7

In the three months ended March 31, 2022 and 2021, the Company sold 5,788 and 3,588 residential lots, and lot sales revenues were $421.5 million and $280.2 million. In the six months ended March 31, 2022 and 2021, the Company sold 10,304 and 7,155 residential lots, and lot sales revenues were $825.6 million and $587.1 million. Lot sales to D.R. Horton and the related revenue in those periods were as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(Dollars in millions)
Residential single-family lots sold to D.R. Horton	4,771		3,358		8,785		6,747
Residential lot sales revenues from sales to D.R. Horton	$	390.2	$	265.6	$	718.2	$	559.6
Tract acres sold to D.R. Horton	—		14		—		14
Tract sales revenues from sales to D.R. Horton	$	—	$	3.0	$	—	$	3.0