Interest on Senior Notes and Revolving Line of Credit

6 Months Ended

Jun. 30, 2023

Interest on Senior Notes and Revolving Line of Credit [Abstract]

Interest on Senior Notes and Revolving Line of Credit

10. Interest on Senior Notes and Revolving Line of Credit

Interest on our senior notes and revolving line of credit, if applicable, 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, 2023 and 2022, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Interest capitalized beginning of period	$	65,984	$	55,252	$	61,775	$	53,379
Interest capitalized during period		14,031		15,345		28,047		29,364
Less: capitalized interest in cost of sales		(10,270)		(13,473)		(20,077)		(25,619)
Interest capitalized end of period	$	69,745	$	57,124	$	69,745	$	57,124