Interest on Senior Notes and Revolving Line of Credit

9 Months Ended

Sep. 30, 2024

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 three and nine months ended September 30, 2024 and 2023, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Interest capitalized beginning of period	$	77,930	$	69,745	$	72,598	$	61,775
Interest capitalized during period		20,821		14,234		51,778		42,281
Less: capitalized interest in cost of sales		(16,492)		(10,652)		(42,117)		(30,729)
Interest capitalized end of period	$	82,259	$	73,327	$	82,259	$	73,327