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Fair Value Measurements Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Measurements [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The table below shows the notional amounts of our financial instruments at June 30, 2016 and December 31, 2015:
Description of Financial Instrument (in thousands)
June 30, 2016
 
December 31, 2015
Best efforts contracts and related committed IRLCs
$
3,800

 
$
2,625

Uncommitted IRLCs
88,267

 
46,339

FMBSs related to uncommitted IRLCs
87,000

 
46,000

Best efforts contracts and related mortgage loans held for sale
9,660

 
100,152

FMBSs related to mortgage loans held for sale
85,000

 
27,000

Mortgage loans held for sale covered by FMBSs
86,941

 
26,690
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The table below shows the level and measurement of assets and liabilities measured on a recurring basis at June 30, 2016 and December 31, 2015:
Description of Financial Instrument (in thousands)
Fair Value Measurements
June 30, 2016
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage loans held for sale
$
100,379

 
$
—

 
$
100,379

 
$
—

 
Forward sales of mortgage-backed securities
(1,781
)
 
—

 
(1,781
)
 
—

 
Interest rate lock commitments
1,240

 
—

 
1,240

 
—

 
Best-efforts contracts
(190
)
 
—

 
(190
)
 
—

 
Total
$
99,648

 
$
—

 
$
99,648

 
$
—

 
Description of Financial Instrument (in thousands)
Fair Value Measurements
December 31, 2015
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage loans held for sale
$
127,001

 
$
—

 
$
127,001

 
$
—

 
Forward sales of mortgage-backed securities
(93
)
 
—

 
(93
)
 
—

 
Interest rate lock commitments
321

 
—

 
321

 
—

 
Best-efforts contracts
(206
)
 
—

 
(206
)
 
—

 
Total
$
127,023

 
$
—

 
$
127,023

 
$
—

 
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table sets forth the amount of gain (loss) recognized, within our revenue in the Unaudited Condensed Consolidated Statements of Income, on assets and liabilities measured on a recurring basis for the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Description (in thousands)
2016
 
2015
 
2016
 
2015
Mortgage loans held for sale
$
826

 
$
(1,182
)
 
$
2,186

 
$
(824
)
Forward sales of mortgage-backed securities
(922
)
 
1,812

 
(1,688
)
 
1,432

Interest rate lock commitments
350

 
(573
)
 
919

 
(228
)
Best-efforts contracts
(53
)
 
31

 
16

 
(128
)
Total gain recognized
$
201

 
$
88

 
$
1,433

 
$
252
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables set forth the fair value of the Company’s derivative instruments and their location within the Unaudited Condensed Consolidated Balance Sheets for the periods indicated (except for mortgage loans held for sale which is disclosed as a separate line item):
 
 
Asset Derivatives
 
Liability Derivatives
 
 
June 30, 2016
 
June 30, 2016
Description of Derivatives
 
Balance Sheet
Location
 
Fair Value
(in thousands)
 
Balance Sheet Location
 
Fair Value
(in thousands)
Forward sales of mortgage-backed securities
 
Other assets
 
$
—

 
Other liabilities
 
$
1,781

Interest rate lock commitments
 
Other assets
 
1,240

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
—

 
Other liabilities
 
190

Total fair value measurements
 
 
 
$
1,240

 
 
 
$
1,971

 
 
Asset Derivatives
 
Liability Derivatives
 
 
December 31, 2015
 
December 31, 2015
Description of Derivatives
 
Balance Sheet
Location
 
Fair Value
(in thousands)
 
Balance Sheet Location
 
Fair Value
(in thousands)
Forward sales of mortgage-backed securities
 
Other assets
 
$
—

 
Other liabilities
 
$
93

Interest rate lock commitments
 
Other assets
 
321

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
—

 
Other liabilities
 
206

Total fair value measurements
 
 
 
$
321

 
 
 
$
299
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents the carrying amounts and fair values of the Company’s financial instruments at June 30, 2016 and December 31, 2015. The objective of the fair value measurement is to estimate the price at which an orderly transaction to sell the asset or transfer the liability would take place between market participants at the measurement date under current market conditions.
 
 
June 30, 2016
 
December 31, 2015
(In thousands)
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
 
$
30,000

 
$
30,000

 
$
13,101

 
$
13,101

Mortgage loans held for sale
 
100,379

 
100,379

 
127,001

 
127,001

Split dollar life insurance policies
 
214

 
214

 
199

 
199

Notes receivable
 
1,340

 
1,141

 
3,153

 
3,076

Commitments to extend real estate loans
 
1,240

 
1,240

 
321

 
321

Liabilities:
 
 
 
 
 
 
 
 
Notes payable - homebuilding operations
 
70,000

 
70,000

 
43,800

 
43,800

Notes payable - financial services operations
 
92,666

 
92,666

 
123,648

 
123,648

Notes payable - other
 
8,552

 
7,789

 
8,441

 
8,039

Convertible senior subordinated notes due 2017 (a)
 
57,500

 
58,363

 
57,500

 
61,884

Convertible senior subordinated notes due 2018 (a)
 
86,250

 
84,741

 
86,250

 
84,741

Senior notes due 2021 (a)
 
300,000

 
298,875

 
300,000

 
295,500

Best-efforts contracts for committed IRLCs and mortgage loans held for sale
 
190

 
190

 
206

 
206

Forward sales of mortgage-backed securities
 
1,781

 
1,781

 
93

 
93

Off-Balance Sheet Financial Instruments:
 
 
 
 
 
 
 
 
Letters of credit
 
—

 
862

 
—

 
735

(a)
Our senior notes and convertible senior subordinated notes are stated at the principal amount outstanding which does not include the impact of premiums, discounts, and debt issuance costs that are amortized to interest cost over the respective terms of the notes.