Capitalization of Interest (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
	(Dollars in thousands)
Homebuilding interest incurred	$	69,450	$	72,500	$	61,276
Less: Interest capitalized	(69,450)		(72,500)		(61,276)
Homebuilding interest expensed	$	—	$	—	$	—
Interest capitalized, beginning of period	$	58,054	$	52,777	$	55,310
Plus: Interest capitalized during period	69,450		72,500		61,276
Less: Previously capitalized interest included in home and land cost of sales	(67,583)		(67,223)		(63,809)
Interest capitalized, end of period	$	59,921	$	58,054	$	52,777