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Interest on Senior Notes and Revolving Line of Credit
12 Months Ended
Dec. 31, 2023
Interest on Senior Notes and Revolving Line of Credit [Abstract]  
Interest on Senior Notes and Revolving Line of Credit 11. 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 years ended December 31, 2023, 2022, and 2021, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs are as follows (in thousands):

Year Ended December 31,

2023

2022

2021

Interest capitalized beginning of period

$

61,775

$

53,379

$

60,838

Interest capitalized during period

56,750

63,065

59,387

Less: capitalized interest in cost of sales

(45,927)

(54,669)

(66,846)

Interest capitalized end of period

$

72,598

$

61,775

$

53,379