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Fair Value Disclosures Fair Value Disclosures (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
June 30,
2016
 
December 31,
2015
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
364,004

 
$
442,715

Interest rate lock commitments
 
Level 2
 
11,480

 
5,574

Forward contracts
 
Level 2
 
(6,334
)
 
338

Whole loan commitments
 
Level 2
 
(303
)
 
13

 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$

 
$
11,052

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash and equivalents (including restricted cash)
 
Level 1
 
$
255,671

 
$
775,435

Financial Services debt
 
Level 2
 
189,557

 
267,877

Term loan
 
Level 2
 
500,000

 
500,000

Senior notes
 
Level 2
 
2,204,630

 
1,643,651