Related Party Transactions Related Party Transactions (Tables)

9 Months Ended

Jun. 30, 2022

At June 30, 2022 and September 30, 2021, the Company owned approximately 65,300 and 64,400 residential lots, respectively, of which D.R. Horton had the following involvement.


	June 30, 2022		September 30, 2021
	(Dollars in millions)
Residential lots under contract to sell to D.R. Horton	19,300		21,000
Residential lots subject to right of first offer with D.R. Horton	19,100		18,200
Earnest money deposits from D.R. Horton for lots under contract	$	139.2	$	143.1
Earnest money notes from D.R. Horton for lots under contract	$	—	$	0.7
Remaining purchase price of lots under contract with D.R. Horton	$	1,496.5	$	1,582.7

In the three months ended June 30, 2022 and 2021, the Company sold 3,473 and 3,858 residential lots, and lot sales revenues were $303.0 million and $307.4 million. In the nine months ended June 30, 2022 and 2021, the Company sold 13,777 and 11,013 residential lots, and lot sales revenues were $1.1 billion and $894.5 million. Lot sales to D.R. Horton and the related revenue in those periods were as follows:


	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
	(Dollars in millions)
Residential single-family lots sold to D.R. Horton	3,038		3,719		11,823		10,466
Residential lot sales revenues from sales to D.R. Horton	$	257.6	$	300.4	$	975.7	$	860.0
Tract acres sold to D.R. Horton	—		7		—		21
Tract sales revenues from sales to D.R. Horton	$	—	$	3.0	$	—	$	6.0
Other revenue from transactions with D.R. Horton	$	—	$	2.4	$	—	$	2.4