Interest

6 Months Ended

Jun. 30, 2021

Interest [Abstract]

Interest

9. 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 six months ended June 30, 2021 and 2020, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Interest capitalized beginning of period	$	57,509	$	70,837	$	60,838	$	67,069
Interest capitalized during period		15,058		18,168		30,106		35,621
Less: capitalized interest in cost of sales		(18,406)		(18,694)		(36,783)		(32,379)
Interest capitalized end of period	$	54,161	$	70,311	$	54,161	$	70,311