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Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate two principal businesses: homebuilding and financial services.
Effective January 15, 2021, we consolidated our six regional homebuilding brands into one unified name, Tri Pointe Homes, under which we continue to acquire and develop land and construct and sell single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply. Based upon these factors and in consideration of the geographical layout of our homebuilding markets, we have identified three homebuilding reporting segments, and as a result of such change, beginning in the quarter ended March 31, 2021, our homebuilding segments are reported under the following hierarchy:
West region: Arizona, California, Nevada and Washington
Central region: Colorado and Texas
East region: District of Columbia, Maryland, North Carolina, South Carolina and Virginia
Our Tri Pointe Solutions financial services operation is a reportable segment and is comprised of our Tri Pointe Connect mortgage financing operations, our Tri Pointe Assurance title and escrow services operations, and our Tri Pointe Advantage property and casualty insurance agency operations. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies.
Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. All of the expenses incurred by Corporate are allocated to each of the homebuilding reporting segments based on their respective percentage of revenues.
The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.

Total revenues and income before income taxes for each of our reportable segments were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenues
West $670,692 $784,952 $1,201,188 $1,324,998 
Central214,402 149,620 351,499 270,738 
East120,367 80,811 180,266 138,508 
Total homebuilding revenues1,005,461 1,015,383 1,732,953 1,734,244 
Financial services12,228 2,681 20,980 4,786 
Total$1,017,689 $1,018,064 $1,753,933 $1,739,030 
Income before taxes
West$129,604 $130,254 $230,161 $209,831 
Central33,896 15,853 46,847 25,550 
East14,468 5,882 16,194 7,622 
Total homebuilding income before income taxes177,968 151,989 293,202 243,003 
Financial services5,906 5,145 9,396 8,534 
Total$183,874 $157,134 $302,598 $251,537 
 
Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands):
June 30, 2022December 31, 2021
Real estate inventories
West$2,487,811 $2,242,314 
Central651,267 543,097 
East351,243 269,332 
Total$3,490,321 $3,054,743 
Total assets(1)
West$2,776,540 $2,505,237 
Central795,357 674,862 
East404,431 328,014 
Corporate394,710 781,265 
Total homebuilding assets4,371,038 4,289,378 
Financial services43,620 46,845 
Total$4,414,658 $4,336,223 
__________
(1)    Total assets as of June 30, 2022 and December 31, 2021 includes $139.3 million of goodwill, with $125.4 million included in the West segment, $8.3 million included in the Central segment and $5.6 million included in the East segment. Total Corporate assets as of June 30, 2022 and December 31, 2021 includes our Tri Pointe Homes trade name. For further details on goodwill and our intangible assets, see Note 8, Goodwill and Other Intangible Assets.