Capitalization of Interest (Tables)

12 Months Ended

Dec. 31, 2021

Capitalization of Interest [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.

	Year Ended December 31,
	2021		2020		2019
	(Dollars in thousands)
Homebuilding interest incurred	$	72,500	$	61,276	$	63,635
Less: Interest capitalized	(72,500)		(61,276)		(63,635)
Homebuilding interest expensed	$	—	$	—	$	—
Interest capitalized, beginning of period	$	52,777	$	55,310	$	54,845
Plus: Interest capitalized during period	72,500		61,276		63,635
Less: Previously capitalized interest included in home and land cost of sales	(67,223)		(63,809)		(63,170)
Interest capitalized, end of period	$	58,054	$	52,777	$	55,310