CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before allocation to non-controlling interests	$ 471,615	$ 227,198
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Net loss/(income) from unconsolidated entities	1,806	(7,787)
Stock compensation expense	12,141	10,335
Gain on extinguishment of debt, net	(13,471)	0
Gain on land transfers	(13,700)	0
Distributions of earnings from unconsolidated entities	4,252	7,210
Depreciation and amortization	17,758	19,798
Operating lease expense	13,632	7,958
Debt issuance costs amortization	544	236
Change in Urban Form assets due to sale	11,675	0
Changes in operating assets and liabilities:
Real estate inventory and land deposits	(667,846)	(483,490)
Mortgages held for sale, prepaid expenses and other assets	305,465	(149,748)
Customer deposits	94,240	170,055
Accounts payable, accrued expenses and other liabilities	(44,476)	94,805
Income taxes payable	1,855	5,836
Net cash provided by/(used in) operating activities	195,490	(97,594)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(12,801)	(20,523)
Distributions of capital from unconsolidated entities	86,576	13,132
Investments of capital into unconsolidated entities	(69,582)	(14,643)
Net cash provided by/(used in) investing activities	4,193	(22,034)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings	29,877	72,295
Repayments on loans payable and other borrowings	(45,226)	(44,231)
Borrowings on revolving credit facilities	182,548	0
Repayments on revolving credit facilities	(64,077)	0
Borrowings on mortgage warehouse facilities	1,193,232	1,499,258
Repayments on mortgage warehouse facilities	(1,427,564)	(1,411,317)
Repayments on senior notes	(264,111)	0
Proceeds from stock option exercises	2,912	12,434
Payment of principal portion of finance lease	(1,335)	(1,325)
Repurchase of common stock, net	(230,413)	(145,172)
Payment of taxes related to net share settlement of equity awards	(3,645)	(5,483)
Cash and distributions to non-controlling interests of consolidated joint ventures, net	(28,928)	(22,819)
Net cash used in financing activities	(656,730)	(46,360)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(457,047)	(165,988)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period	836,340	534,109
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period	379,293	368,121
SUPPLEMENTAL CASH FLOW INFORMATION:
Income tax payments	(112,167)	(61,404)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts	159,637	121,380
Change in inventory not owned	15,503	(59,056)
Investments of land in unconsolidated joint ventures, net	143,206	0
Net non-cash distributions from non-controlling interests	0	(2,025)
Common stock surrendered in connection with warrant exercises	0	32,587
Common stock issued in connection with warrant exercises	$ 0	$ (32,584)