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Revenue (Tables)

3 Months Ended

Mar. 31, 2020

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:



	Three Months Ended March 31,
(Dollars in thousands)	2020		2019
Housing	$	559,449	$	466,308
Land sales	4,687		3,018
Financial services ^(a)	13,467		11,783
Total revenue	$	577,603	$	481,109

(a)

Revenues include hedging losses of $3.6 million and $3.4 million for the three months ended March 31, 2020 and 2019, respectively. Hedging gains and losses do not represent revenues recognized from contracts with customers. Revenues for the first quarter of 2020 also include a $1.0 million impairment charge on our mortgage serving rights recorded as a reduction to revenue. This impairment charge was caused by the disruption in the mortgage industry as a result of the COVID-19 pandemic.