Interest

9 Months Ended

Sep. 30, 2019

Interest [Abstract]

Interest

10. Interest

Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three and nine months ended September 30, 2019 and 2018, we capitalized all interest costs incurred during these periods, except for interest incurred on our mortgage repurchase facilities.

Our interest costs are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Interest capitalized beginning of period	$	63,068	$	47,797	$	53,842	$	41,762
Interest capitalized during period		19,325		16,109		55,792		43,387
Less: capitalized interest in cost of sales		(14,258)		(12,334)		(41,499)		(33,577)
Interest capitalized end of period	$	68,135	$	51,572	$	68,135	$	51,572