INVESTMENTS IN CONSOLIDATED AND UNCONSOLIDATED ENTITIES (Tables)

3 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information of Unconsolidated Entities Accounted by Equity Method

Summarized, unaudited condensed combined financial information of unconsolidated entities that are accounted for by the equity method are as follows (in thousands):

	As of
	March 31, 2023		December 31, 2022
Assets:
Real estate inventory	$	786,053	$	749,942
Other assets		177,855		146,770
Total assets	$	963,908	$	896,712
Liabilities and owners’ equity:
Debt	$	275,878	$	238,263
Other liabilities		35,168		31,824
Total liabilities	$	311,046	$	270,087
Owners’ equity:
TMHC	$	294,755	$	282,900
Others		358,107		343,725
Total owners’ equity	$	652,862	$	626,625
Total liabilities and owners’ equity	$	963,908	$	896,712

	Three Months Ended March 31,
	2023			2022
Revenues	$	19,536		$	30,401
Costs and expenses		(14,699	)		(25,694	)
Net income from unconsolidated entities	$	4,837		$	4,707
TMHC’s share in net income of unconsolidated entities	$	1,929		$	1,831
Distributions to TMHC from unconsolidated entities	$	1,197		$	2,058