Capitalization of Interest (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
	(Dollars in thousands)
Homebuilding interest incurred	$	17,421	$	17,454
Less: Interest capitalized	(17,421)		(17,454)
Homebuilding interest expensed	$	—	$	—
Interest capitalized, beginning of period	$	64,659	$	59,921
Plus: Interest capitalized during period	17,421		17,454
Less: Previously capitalized interest included in home cost of sales	(18,929)		(16,065)
Interest capitalized, end of period	$	63,151	$	61,310