Inventories (Tables)

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table sets forth, by reportable segment, information relating to our homebuilding inventories:

	March 31, 2023		December 31, 2022
	(Dollars in thousands)
Housing completed or under construction:
West	$	954,131	$	1,026,880
Mountain	455,785		511,092
East	176,035		184,089
Subtotal	1,585,951		1,722,061
Land and land under development:
West	1,065,767		1,145,119
Mountain	405,725		433,893
East	200,332		214,706
Subtotal	1,671,824		1,793,718
Total inventories	$	3,257,775	$	3,515,779

Schedule of Inventory Impairments

Inventory impairments recognized by segment for the three months ended March 31, 2023 and 2022 are shown in the table below.

	Three Months Ended March 31,
	2023		2022
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	—	$	660
Mountain	664		—
East	—		—
Subtotal	664		660
Land and Land Under Development:
West	—		—
Mountain	7,136		—
East	—		—
Subtotal	7,136		—
Total Inventory Impairments	$	7,800	$	660

Schedule of 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, 2023	1	$	7,800	$	13,016	18%
Total		$	7,800
March 31, 2022	1	$	660	$	1,728		N/A
Total		$	660