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Transactions with Related Parties | 12 Months Ended
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Dec. 31, 2019
Transactions with Related Parties [Abstract] |
Related Party Transactions Disclosure [Text Block] | Transactions with Related Parties From time to time, in the ordinary course of business, we have transacted with related or affiliated companies and with certain of our officers and directors. We believe that the terms and fees negotiated for all transactions listed below are no less favorable than those that could be negotiated in arm’s length transactions. In October 2019, the Company entered into a land purchase agreement with Schottenstein Real Estate Group, LLC, a company owned by the brother of our Chairman and CEO, Robert Schottenstein, for $14.2 million to acquire 165.7 acres of land. This transaction was approved by the Company’s Board of Directors. The Company made a contribution of $0.8 million in 2019 to the M/I Homes Foundation, a charitable organization having certain officers and directors of the Company on its Board of Trustees. The Company had a receivable of $0.2 million at both December 31, 2019 and 2018 due from an executive officer, relating to amounts owed to the Company for split-dollar life insurance policy premiums. The Company will collect the receivable either directly from the executive officer, if employment terminates other than by death, or from the executive officer’s beneficiary, if employment terminates due to death of the executive officer.

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- Definition Transactions with Related Parties [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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