Revenue (Tables)

9 Months Ended

Sep. 30, 2020

Disaggregated Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:

	Three Months Ended September 30,					Nine Months Ended September 30,
(Dollars in thousands)	2020			2019		2020			2019
Housing	$	812,999		$	631,380	$	2,067,148		$	1,695,558
Land sales	5,976			8,511		11,109			23,042
Financial services (a)	28,946		(b)	13,454		61,461		(b)	39,540
Total revenue	$	847,921		$	653,345	$	2,139,718		$	1,758,140

(a)Revenues include hedging losses of $5.7 million and $4.7 million for the three months ended September 30, 2020 and 2019, respectively, and $16.3 million and $10.7 million for the nine months ended September 30, 2020 and 2019, respectively. Hedging losses do not represent revenues recognized from contracts with customers.

(b)Revenues for the three and nine months ended September 30, 2020 include $0.1 million and $0.5 million of net impairment charges taken on our mortgage serving rights, respectively, which was recorded as a reduction of revenue. The net impairment charges were caused by the disruption in the mortgage industry as a result of the COVID-19 pandemic.