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Fair Value Measurements Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Measurements [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The table below shows the notional amounts of our financial instruments at March 31, 2024 and December 31, 2023:
Description of Financial Instrument (in thousands)March 31, 2024December 31, 2023
Uncommitted IRLCs$215,306 $174,274 
FMBSs related to uncommitted IRLCs217,000 174,000 
Whole loan contracts and related mortgage loans held for sale7,797 10,398 
FMBSs related to mortgage loans held for sale209,000 152,000 
Mortgage loans held for sale covered by FMBSs225,360 160,547 
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table sets forth the amount of (loss) gain recognized, within our revenue in the Unaudited Condensed Consolidated Statements of Income, on assets and liabilities measured on a recurring basis for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
Description (in thousands)20242023
Mortgage loans held for sale$(2,849)$3,975 
Forward sales of mortgage-backed securities7,241 1,235 
Interest rate lock commitments(857)3,498 
Whole loan contracts(892)(380)
Total gain recognized
$2,643 $8,328 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables set forth the fair value of the Company’s derivative instruments and their location within the Unaudited Condensed Consolidated Balance Sheets for the periods indicated (except for mortgage loans held for sale which are disclosed as a separate line item):
Asset DerivativesLiability Derivatives
March 31, 2024March 31, 2024
Description of DerivativesBalance Sheet
Location		Fair Value
(in thousands)		Balance Sheet LocationFair Value
(in thousands)
Forward sales of mortgage-backed securitiesOther assets$21 Other liabilities$— 
Interest rate lock commitmentsOther assets2,757 Other liabilities— 
Whole loan contractsOther assets— Other liabilities1,224 
Total fair value measurements$2,778 $1,224 

Asset DerivativesLiability Derivatives
December 31, 2023December 31, 2023
Description of DerivativesBalance Sheet
Location		Fair Value
(in thousands)		Balance Sheet LocationFair Value
(in thousands)
Forward sales of mortgage-backed securitiesOther assets$— Other liabilities$7,220 
Interest rate lock commitmentsOther assets3,617 Other liabilities— 
Whole loan contractsOther assets— Other liabilities335 
Total fair value measurements$3,617 $7,555 
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents the carrying amounts and fair values of the Company’s financial instruments at March 31, 2024 and December 31, 2023. The objective of the fair value measurement is to estimate the price at which an orderly transaction to sell the asset or transfer the liability would take place between market participants at the measurement date under current market conditions.
March 31, 2024December 31, 2023
(In thousands)Fair Value HierarchyCarrying AmountFair ValueCarrying AmountFair Value
Assets:
Cash, cash equivalents and restricted cashLevel 1$870,162 $870,162 $732,804 $732,804 
Mortgage loans held for saleLevel 2235,047 235,047 176,329 176,329 
Interest rate lock commitmentsLevel 22,757 2,757 3,617 3,617 
Forward sales of mortgage-backed securitiesLevel 221 21 — — 
Liabilities:
Notes payable - homebuilding operationsLevel 2— — — — 
Notes payable - financial services operationsLevel 2224,321 224,321 165,844 165,844 
Senior notes due 2028 (a)
Level 2400,000 379,500 400,000 383,500 
Senior notes due 2030 (a)
Level 2300,000 266,625 300,000 267,375 
Whole loan contracts for committed IRLCs and mortgage loans held for saleLevel 21,224 1,224 335 335 
Forward sales of mortgage-backed securitiesLevel 2— — 7,220 7,220 
(a)Our senior notes are stated at the principal amount outstanding which does not include the impact of premiums, discounts, and debt issuance costs that are amortized to interest cost over the respective terms of the notes.