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Revenue (Tables)
9 Months Ended
Sep. 30, 2021
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)2021202020212020
Housing$878,602 $812,999 $2,604,387 $2,067,148 
Land sales4,922 5,976 10,669 11,109 
Financial services (a)
20,795 28,946 
(b)
79,079 61,461 
(b)
Total revenue$904,319 $847,921 $2,694,135 $2,139,718 
(a)Revenue includes hedging losses of $3.1 million and $5.7 million for the three months ended September 30, 2021 and 2020, respectively, and hedging gains of $0.8 million and hedging losses of $16.3 million for the nine months ended September 30, 2021 and 2020, respectively. Hedging gains/losses do not represent revenue recognized from contracts with customers.
(b)Revenue for the three and nine months ended September 30, 2020 includes $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.