Capitalization of Interest (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in thousands)
Homebuilding interest incurred	$	17,482	$	17,391	$	52,386	$	52,031
Less: Interest capitalized	(17,482)		(17,391)		(52,386)		(52,031)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	61,953	$	62,169	$	59,921	$	58,054
Plus: Interest capitalized during period	17,482		17,391		52,386		52,031
Less: Previously capitalized interest included in home cost of sales	(14,007)		(15,977)		(46,879)		(46,502)
Interest capitalized, end of period	$	65,428	$	63,583	$	65,428	$	63,583