Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2023

Prepaid Expenses and Other Assets [Abstract]

Prepaid Expenses and Other Assets

6. Prepaid Expenses and Other Assets

Prepaid expenses and other assets included the following (in thousands):

	December 31,		December 31,
	2023		2022
Prepaid insurance	$	37,624	$	31,716
Lot option and escrow deposits		51,369		48,354
Performance deposits		10,170		12,626
Restricted cash (1)		15,853		11,768
Multi-family rental properties under construction		136,300		56,615
Mortgage loans held for investment at fair value		21,041		18,875
Mortgage loans held for investment at amortized cost		6,826		6,574
Mortgage servicing rights		30,932		24,164
Derivative assets		1,618		1,958
Other assets and prepaid expenses		38,460		37,885
Total prepaid expenses and other assets	$	350,193	$	250,535

(1)Restricted cash primarily consists of certain compensating balances associated with our mortgage repurchase facilities and other financing obligations and earnest money deposits for home sale contracts held by third parties as required by various jurisdictions.