Revenue (Tables)

6 Months Ended

Jun. 30, 2021

Disaggregated Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:

	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in thousands)	2021		2020			2021		2020
Housing	$	927,506	$	694,700		$	1,725,785	$	1,254,149
Land sales	4,899		446			5,747		5,133
Financial services (a)	28,635		19,048		(b)	58,284		32,515		(b)
Total revenue	$	961,040	$	714,194		$	1,789,816	$	1,291,797

(a)Revenue includes hedging gains of $2.7 million and hedging losses of $7.0 million for the three months ended June 30, 2021 and 2020, respectively, and hedging gains of $3.9 million and hedging losses of $10.6 million for the six months ended June 30, 2021 and 2020, respectively. Hedging gains/losses do not represent revenue recognized from contracts with customers.

(b)Revenue for the three months ended June 30, 2020 includes a $0.6 million reversal of the $1.0 million charge taken on our mortgage serving rights during the first quarter of 2020. This $0.6 million was recorded as an increase in revenue. Revenue for the six months ended June 30, 2020 includes a net $0.4 million impairment charge taken on our mortgage serving rights which was recorded as a reduction of revenue. The net impairment charge taken during the first half of 2020 was caused by the disruption in the mortgage industry as a result of the COVID-19 pandemic.