XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.22.2

Inventory and Capitalized Interest Inventory (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Inventory Disclosure [Abstract] |
Schedule of Inventory, Current [Table Text Block] | A summary of the Company’s inventory as of June 30, 2022 and December 31, 2021 is as follows:
(In thousands) | June 30, 2022 |  | December 31, 2021
Single-family lots, land and land development costs | $ | 1,136,380 |  |  | $ | 1,125,738 |
Land held for sale | 10,524 |  |  | 4,312 |
Homes under construction | 1,514,965 |  |  | 1,187,341 |
Model homes and furnishings - at cost (less accumulated depreciation: June 30, 2022 - $11,977; December 31, 2021 - $12,023) | 56,050 |  |  | 59,268 |
Community development district infrastructure | 33,217 |  |  | 20,089 |
Land purchase deposits | 56,175 |  |  | 52,918 |
Consolidated inventory not owned | 8,954 |  |  | 2,768 |
Total inventory | $ | 2,816,265 |  |  | $ | 2,452,434 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | A summary of capitalized interest for the three and six months ended June 30, 2022 and 2021 is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Capitalized interest, beginning of period | $ | 25,807 |  |  | $ | 22,119 |  |  | $ | 24,343 |  |  | $ | 21,329 |
Interest capitalized to inventory | 8,778 |  |  | 9,623 |  |  | 17,569 |  |  | 18,618 |
Capitalized interest charged to land and housing costs and expenses | (7,536) |  |  | (9,438) |  |  | (14,863) |  |  | (17,643) |
Capitalized interest, end of period | $ | 27,049 |  |  | $ | 22,304 |  |  | $ | 27,049 |  |  | $ | 22,304 |
Interest incurred | $ | 9,471 |  |  | $ | 10,075 |  |  | $ | 18,933 |  |  | $ | 20,246 |

X
- Definition Real Estate Inventory, Capitalized Interest Costs [Table Text Block] + References No definition available. + Details
Name: | mho_RealEstateInventoryCapitalizedInterestCostsTableTextBlock
Namespace Prefix: | mho_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration