Capitalization of Interest (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Capitalization of Interest

For all periods presented below, our qualified assets exceeded our homebuilding debt and as such, all interest incurred has been capitalized.

	Three Months Ended March 31,
	2021		2020
	(Dollars in thousands)
Homebuilding interest incurred	$	17,332	$	16,534
Less: Interest capitalized	(17,332)		(16,534)
Homebuilding interest expensed	$	—	$	—
Interest capitalized, beginning of period	$	52,777	$	55,310
Plus: Interest capitalized during period	17,332		16,534
Less: Previously capitalized interest included in home cost of sales	(14,841)		(12,767)
Interest capitalized, end of period	$	55,268	$	59,077