Capitalization of Interest (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(Dollars in thousands)
Homebuilding interest incurred	$	17,450	$	17,382	$	34,904	$	34,640
Less: Interest capitalized	(17,450)		(17,382)		(34,904)		(34,640)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	61,310	$	60,468	$	59,921	$	58,054
Plus: Interest capitalized during period	17,450		17,382		34,904		34,640
Less: Previously capitalized interest included in home cost of sales	(16,807)		(15,681)		(32,872)		(30,525)
Interest capitalized, end of period	$	61,953	$	62,169	$	61,953	$	62,169