Capitalization of Interest (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(Dollars in thousands)
Homebuilding interest incurred	$	19,108	$	14,799	$	53,849	$	46,427
Less: Interest capitalized	(19,108)		(14,799)		(53,849)		(46,427)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	54,351	$	56,929	$	52,777	$	55,310
Plus: Interest capitalized during period	19,108		14,799		53,849		46,427
Less: Previously capitalized interest included in home cost of sales	(16,024)		(16,511)		(49,191)		(46,520)
Interest capitalized, end of period	$	57,435	$	55,217	$	57,435	$	55,217