Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Schedule of Inventory

The table below sets forth, by reportable segment, information relating to our homebuilding inventories.

	December 31, 2022		December 31, 2021
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	1,026,880	$	1,077,256
Mountain	511,092		596,164
East	184,089		244,196
Subtotal	1,722,061		1,917,616
Land and Land Under Development:
West	1,145,119		1,235,363
Mountain	433,893		435,958
East	214,706		171,914
Subtotal	1,793,718		1,843,235
Total Inventories	$	3,515,779	$	3,760,851

Schedule of Inventory Impairments

Inventory impairments recognized by segment for the years ended December 31, 2022, 2021 and 2020 are shown in the table below.

	Year Ended December 31,
	2022		2021		2020
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	8,017	$	1,600	$	—
Mountain	1,812		—		—
East	—		—		—
Subtotal	9,829		1,600		—
Land and Land Under Development:
West	88,843		—		—
Mountain	20,688		—		—
East	2,515		—		—
Subtotal	112,046		—		—
Total Inventory Impairments	$	121,875	$	1,600	$	—

Quantitative Data for Fair Value of the Impaired Inventory

The table below provides quantitative data, for the periods presented, where applicable, used in determining the fair value of the impaired inventory.

	Impairment Data					Quantitative Data
Three Months Ended	Number of Subdivisions Impaired	Inventory Impairments		Fair Value of Inventory After Impairments		Discount Rate
	(Dollars in thousands)
March 31, 2022	1	$	660	$	1,728			N/A
September 30, 2022	9	28,415		44,615		15	%	—	18%
December 31, 2022	16	92,800		96,496		15	%	—	20%
Total		$	121,875
December 31, 2021	1	1,600		$	6,903			N/A
Total		$	1,600