Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
OPERATING ACTIVITIES:
Net income	$ 84,866	$ 31,746
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	(160)	(52)
Mortgage loan originations	(515,877)	(345,950)
Proceeds from the sale of mortgage loans	525,706	348,725
Fair value adjustment of mortgage loans held for sale	6,940	(3,739)
Servicing Asset at Fair Value, Period Increase (Decrease)	(162)	1,000
Capitalization of originated mortgage servicing rights	(3,999)	(1,307)
Amortization of mortgage servicing rights	231	564
Depreciation	3,233	3,035
Amortization of debt discount and debt issue costs	646	625
Gain on sale of mortgage servicing rights	(252)	0
Gain (Loss) on Extinguishment of Debt	0	950
Stock-based compensation expense	2,264	973
Deferred income tax expense	0	91
Change in assets and liabilities:
Inventory	(34,331)	(45,078)
Other assets	(8,947)	(20,532)
Accounts payable	12,547	25,230
Customer deposits	24,829	10,637
Accrued compensation	(27,340)	(26,952)
Other liabilities	4,974	(4,193)
Net cash (used in) provided by operating activities	75,168	(24,227)
INVESTING ACTIVITIES:
Purchase of property and equipment	(158)	(451)
Return of capital from joint venture arrangements	1,050	363
Investment in joint venture arrangements	(4,664)	(6,458)
Net proceeds from sale of mortgage servicing rights	4,395	0
Net cash provided by (used in) investing activities	623	(6,546)
FINANCING ACTIVITIES:
Repayments of senior notes due 2021	0	(300,000)
Net proceeds from issuance of senior notes	0	400,000
Proceeds from bank borrowings - homebuilding operations	0	194,300
Principal repayments of bank borrowings - homebuilding operations	0	(253,400)
Net repayment of bank borrowings - financial services operations	(49,430)	8,151
Proceeds from (principal repayments of) notes payable-other and CDD bond obligations	(1,528)	1,718
Payments for repurchase of common stock	0	(1,912)
Debt issue costs	0	(6,165)
Proceeds from exercise of stock options	7,257	3,182
Net cash (used in) provided by financing activities	(43,701)	45,874
Net increase (decrease) in cash, cash equivalents and restricted cash	32,090	15,101
Cash, cash equivalents and restricted cash-Period Start	260,810	6,083
Cash, cash equivalents and restricted cash-Period End	292,900	21,184
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	9,110	12,501
Income taxes	969	408
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	4,126	(617)
Consolidated inventory not owned	2,229	6,350
Distribution of single-family lots from joint venture arrangements	$ 4,625	$ 3,726