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Inventory (Tables)
 6 Months Ended
Apr. 30, 2024
Inventory Disclosure [Abstract]  
Inventory
Major components of inventory at April 30, 2024 and October 31, 2023 were (amounts in thousands):
April 30,
2024		October 31,
2023
Land deposits and costs of future communities$509,981 $549,035 
Land and land development costs2,952,101 2,631,147 
Land and land development costs associated with homes under construction3,203,677 2,916,334 
Total land and land development costs6,665,759 6,096,516 
Homes under construction2,782,555 2,515,484 
Model homes (1)
478,625 445,578 
$9,926,939 $9,057,578 
(1)    Includes the allocated land and land development costs associated with each of our model homes in operation.
The following table provides a summary of the composition of our inventory based on community status at April 30, 2024 and October 31, 2023 (amounts in thousands):
April 30,
2024		October 31,
2023
Land controlled for future communities$142,118 $173,175 
Land owned for future communities684,170 663,413 
Operating communities9,100,651 8,220,990 
$9,926,939 $9,057,578 
Inventory impairment charges and expensing of costs that it is believed not to be recoverable
The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, and which are included in home sales cost of revenues, are shown in the table below (amounts in thousands):
 Three months ended April 30,Six months ended April 30,
 2024202320242023
Land controlled for future communities$1,288 $5,844 $2,759 $8,448 
Land owned for future communities— 325 — 325 
Operating communities27,140 4,900 27,140 10,300 
$28,428 $11,069 $29,899 $19,073 
Interest incurred, capitalized and expensed
Interest incurred, capitalized, and expensed, for the periods indicated, were as follows (amounts in thousands):
 Three months ended April 30,Six months ended April 30,
 2024202320242023
Interest capitalized, beginning of period$198,291 $215,197 $190,550 $209,468 
Interest incurred32,481 37,862 66,440 74,716 
Interest expensed to home sales cost of revenues(34,740)(37,558)(58,318)(62,638)
Interest expensed to land sales and other cost of revenues(726)(1,350)(1,020)(4,827)
Interest capitalized on investments in unconsolidated entities(2,219)(2,668)(4,707)(5,161)
Previously capitalized interest transferred to investments in unconsolidated entities— — — (244)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory391 277 533 446 
Interest capitalized, end of period$193,478 $211,760 $193,478 $211,760