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Fair Value Measurements Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2019
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 March 31, 2019 and December 31, 2018:
Description of Financial Instrument (in thousands)
March 31, 2019
 
December 31, 2018
Whole loan contracts and related committed IRLCs
$
4,287

 
$
5,823

Uncommitted IRLCs
111,399

 
76,117

FMBSs related to uncommitted IRLCs
110,000

 
83,000

Whole loan contracts and related mortgage loans held for sale
6,325

 
14,285

FMBSs related to mortgage loans held for sale
111,000

 
150,000

Mortgage loans held for sale covered by FMBSs
111,510

 
149,980
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 March 31, 2019 and December 31, 2018:
Description of Financial Instrument (in thousands)
Fair Value Measurements
March 31, 2019
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
$
119,665

 
$
—

 
$
119,665

 
$
—

 
Forward sales of mortgage-backed securities
(1,371
)
 
—

 
(1,371
)
 
—

 
Interest rate lock commitments
964

 
—

 
964

 
—

 
Whole loan contracts
(157
)
 
—

 
(157
)
 
—

 
Total
$
119,101

 
$
—

 
$
119,101

 
$
—

 
Description of Financial Instrument (in thousands)
Fair Value Measurements
December 31, 2018
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
$
169,651

 
$
—

 
$
169,651

 
$
—

 
Forward sales of mortgage-backed securities
(3,305
)
 
—

 
(3,305
)
 
—

 
Interest rate lock commitments
989

 
—

 
989

 
—

 
Whole loan contracts
(154
)
 
—

 
(154
)
 
—

 
Total
$
167,181

 
$
—

 
$
167,181

 
$
—

 
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 months ended March 31, 2019 and 2018:
 
Three Months Ended March 31,
Description (in thousands)
2019
 
2018
Mortgage loans held for sale
$
(1,363
)
 
$
675

Forward sales of mortgage-backed securities
1,934

 
(302
)
Interest rate lock commitments
(42
)
 
705

Whole loan contracts
14

 
(83
)
Total gain recognized
$
543

 
$
995
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
 
 
March 31, 2019
 
March 31, 2019
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
 
$
1,371

Interest rate lock commitments
 
Other assets
 
964

 
Other liabilities
 
—

Whole loan contracts
 
Other assets
 
—

 
Other liabilities
 
157

Total fair value measurements
 
 
 
$
964

 
 
 
$
1,528

 
 
Asset Derivatives
 
Liability Derivatives
 
 
December 31, 2018
 
December 31, 2018
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
 
$
3,305

Interest rate lock commitments
 
Other assets
 
989

 
Other liabilities
 
—

Whole loan contracts
 
Other assets
 
—

 
Other liabilities
 
154

Total fair value measurements
 
 
 
$
989

 
 
 
$
3,459
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 March 31, 2019 and December 31, 2018. 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.
 
 
March 31, 2019
 
December 31, 2018
(In thousands)
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
 
$
41,931

 
$
41,931

 
$
21,529

 
$
21,529

Mortgage loans held for sale
 
119,665

 
119,665

 
169,651

 
169,651

Split dollar life insurance policies
 
206

 
206

 
206

 
206

Commitments to extend real estate loans
 
964

 
964

 
989

 
989

Liabilities:
 
 
 
 
 
 
 
 
Notes payable - homebuilding operations
 
218,800

 
218,800

 
117,400

 
117,400

Notes payable - financial services operations
 
104,026

 
104,026

 
153,168

 
153,168

Notes payable - other
 
5,937

 
5,186

 
5,938

 
5,112

Senior notes due 2021 (a)
 
300,000

 
303,375

 
300,000

 
298,500

Senior notes due 2025 (a)
 
250,000

 
239,375

 
250,000

 
228,750

Whole loan contracts for committed IRLCs and mortgage loans held for sale
 
157

 
157

 
154

 
154

Forward sales of mortgage-backed securities
 
1,371

 
1,371

 
3,305

 
3,305

Off-Balance Sheet Financial Instruments:
 
 
 
 
 
 
 
 
Letters of credit
 
—

 
1,375

 
—

 
944

(a)
Our senior 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.