FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of our financial instruments are as follows:

		March 31, 2020				December 31, 2019
(Dollars in thousands)	Level in Fair Value Hierarchy	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Description:
Mortgage loans held for sale	2	$	208,231	$	208,231	$	190,880	$	190,880
Derivative assets, net	2	2,686		2,686		1,932		1,932
Mortgage warehouse borrowings	2	154,109		154,109		123,233		123,233
Loans payable and other borrowings	2	299,184		299,184		182,531		182,531
5.875% Senior Notes due 2023 (1)	2	348,275		343,000		348,133		378,669
6.00% Senior Notes due 2023 (1)	2	366,242		336,000		—		—
5.625% Senior Notes due 2024 (1)	2	347,892		329,000		347,756		379,453
5.875% Senior Notes due 2025 (1)	2	436,886		406,304		—		—
5.875% Senior Notes due 2027 (1)	2	494,386		464,400		494,192		548,870
6.625% Senior Notes due 2027 (1)	2	323,313		270,000		—		—
5.75% Senior Notes due 2028(1)	2	445,081		401,805		444,927		491,913
Revolving Credit Facility	2	485,000		485,000		—		—

⁽¹⁾ Carrying value for Senior Notes, as presented, includes unamortized debt issuance costs and premiums. Debt issuance costs are not factored into the fair value calculation for the Senior Notes.

Fair Value of Assets Measured on a Nonrecurring Basis

The following table presents the fair value for our inventories measured at fair value on a nonrecurring basis:

(Dollars in thousands)		For the Year Ended December 31,
Description:	Level in Fair Value Hierarchy	2019
Inventories	3	$	16,509