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Fair Value Measurements Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
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 December 31, 2017 and 2016:
 
December 31,
Description of Financial Instrument (in thousands)
2017
 
2016
Best efforts contracts and related committed IRLCs
$
2,182

 
$
6,607

Uncommitted IRLCs
50,746

 
66,875

FMBSs related to uncommitted IRLCs
53,000

 
66,000

Best efforts contracts and related mortgage loans held for sale
80,956

 
125,348

FMBSs related to mortgage loans held for sale
91,000

 
33,000

Mortgage loans held for sale covered by FMBSs
90,781

 
32,870
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 December 31, 2017 and 2016:
Description of Financial Instrument (in thousands)
Fair Value Measurements
December 31, 2017
 
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
$
171,580

 
$
—

 
$
171,580

 
$
—

Forward sales of mortgage-backed securities
177

 
—

 
177

 
—

Interest rate lock commitments
271

 
—

 
271

 
—

Best-efforts contracts
12

 
—

 
12

 
—

Total
$
172,040

 
$
—

 
$
172,040

 
$
—

Description of Financial Instrument (in thousands)
Fair Value Measurements
December 31, 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
$
154,020

 
$
—

 
$
154,020

 
$
—

Forward sales of mortgage-backed securities
230

 
—

 
230

 
—

Interest rate lock commitments
250

 
—

 
250

 
—

Best-efforts contracts
(90
)
 
—

 
(90
)
 
—

Total
$
154,410

 
$
—

 
$
154,410

 
$
—
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 Consolidated Statements of Income, on assets and liabilities measured on a recurring basis for the years ended December 31, 2017, 2016 and 2015:
 
Year Ended December 31,
Description (in thousands)
2017
 
2016
 
2015
Mortgage loans held for sale
$
3,675

 
$
(3,591
)
 
$
(590
)
Forward sales of mortgage-backed securities
(53
)
 
323

 
89

Interest rate lock commitments
21

 
(71
)
 
32

Best-efforts contracts
102

 
116

 
(258
)
Total gain (loss) recognized
$
3,745

 
$
(3,223
)
 
$
(727
)
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 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
 
 
December 31, 2017
 
December 31, 2017
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
 
$
177

 
Other liabilities
 
$
—

Interest rate lock commitments
 
Other assets
 
271

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
12

 
Other liabilities
 
—

Total fair value measurements
 
 
 
$
460

 
 
 
$
—

 
 
Asset Derivatives
 
Liability Derivatives
 
 
December 31, 2016
 
December 31, 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
 
$
230

 
Other liabilities
 
$
—

Interest rate lock commitments
 
Other assets
 
250

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
—

 
Other liabilities
 
90

Total fair value measurements
 
 
 
$
480

 
 
 
$
90
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
The tables below show the level and measurement of assets measured on a non-recurring basis for the years ended December 31, 2017 and 2016:
 
 
Year Ended December 31,
Description (in thousands)
Hierarchy
2017
 
2016 (2)
 
2015 (2)
 
 
 
 
 
 
 
Adjusted basis of inventory (1)
Level 3
$
3,823

 
$
12,921

 
$
11,885

Total losses
 
7,681

 
3,992

 
3,638

 
 
 
 
 
 
 
Initial basis of inventory (3)
 
$
11,504

 
$
16,913

 
$
15,523

(1)
The fair values in the table above represent only assets whose carrying values were adjusted in the respective period.
(2)
The carrying values for these assets may have subsequently increased or decreased from the fair value reported due to activities that have occurred since the measurement date.
(3)
This amount is inclusive of our investments in joint venture arrangements. There were no losses on our investments in joint venture arrangements for 2017, 2016 and 2015.
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 December 31, 2017 and 2016. The objective of the fair value measurement is defined 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.
 
 
December 31, 2017
 
December 31, 2016
(In thousands)
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
 
$
151,703

 
$
151,703

 
$
34,441

 
$
34,441

Mortgage loans held for sale
 
171,580

 
171,580

 
154,020

 
154,020

Split dollar life insurance policies
 
209

 
209

 
214

 
214

Notes receivable
 
—

 
—

 
763

 
687

Commitments to extend real estate loans
 
271

 
271

 
250

 
250

Best-efforts contracts for committed IRLCs and mortgage loans held for sale
 
12

 
12

 
—

 
—

Forward sales of mortgage-backed securities
 
177

 
177

 
230

 
230

Liabilities:
 
 
 
 
 
 
 
 
Notes payable - homebuilding operations
 
—

 
—

 
40,300

 
40,300

Notes payable - financial services operations
 
168,195

 
168,195

 
152,895

 
152,895

Notes payable - other
 
10,576

 
9,437

 
6,415

 
5,999

Convertible senior subordinated notes due 2017 (a)
 
—

 
—

 
57,500

 
65,957

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

 
93,581

 
86,250

 
88,105

Senior notes due 2021 (a)
 
300,000

 
310,875

 
300,000

 
314,250

Senior notes due 2025 (a)
 
250,000

 
252,500

 
—

 
—

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

 
—

 
90

 
90

Off-Balance Sheet Financial Instruments:
 
 
 
 
 
 
 
 
Letters of credit
 
—

 
1,083

 
—

 
702


(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.