Capitalization of Interest (Tables)

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
	(Dollars in thousands)
Homebuilding interest incurred	$	17,391	$	19,108	$	52,031	$	53,849
Less: Interest capitalized	(17,391)		(19,108)		(52,031)		(53,849)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	62,169	$	54,351	$	58,054	$	52,777
Plus: Interest capitalized during period	17,391		19,108		52,031		53,849
Less: Previously capitalized interest included in home cost of sales	(15,977)		(16,024)		(46,502)		(49,191)
Interest capitalized, end of period	$	63,583	$	57,435	$	63,583	$	57,435