Revenue (Tables)

3 Months Ended

Mar. 31, 2021

Disaggregated Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:

	Three Months Ended March 31,
(Dollars in thousands)	2021		2020
Housing	$	798,279	$	559,449
Land sales	848		4,687
Financial services (a)	29,649		13,467		(b)
Total revenue	$	828,776	$	577,603

(a)Revenue includes hedging gains of $1.2 million and hedging losses of $3.6 million for the three months ended March 31, 2021 and 2020, respectively. Hedging gains/losses do not represent revenue recognized from contracts with customers.

(b)Revenue for the three months ended March 31, 2020 includes a $1.0 million impairment charge taken on our mortgage serving rights, which was recorded as a reduction of revenue during the period. The net impairment charge was caused by the disruption in the mortgage industry as a result of the COVID-19 pandemic.