Inventory (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
Inventory Disclosure [Abstract] |
|
Components of Inventory |
Major components of inventory were as follows ($000’s omitted): | | | | | | | | | | June 30, 2019 | | December 31, 2018 | Homes under construction | $ | 3,120,585 |
| | $ | 2,630,158 |
| Land under development | 4,229,633 |
| | 4,129,225 |
| Raw land | 452,274 |
| | 493,970 |
| | $ | 7,802,492 |
| | $ | 7,253,353 |
|
|
Capitalized Interest Rollforward |
Information related to interest capitalized into inventory is as follows ($000’s omitted): | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Interest in inventory, beginning of period | $ | 235,313 |
| | $ | 240,013 |
| | $ | 227,495 |
| | $ | 226,611 |
| Interest capitalized | 41,650 |
| | 43,771 |
| | 84,031 |
| | 87,731 |
| Interest expensed | (42,254 | ) | | (40,157 | ) | | (76,817 | ) | | (70,715 | ) | Interest in inventory, end of period | $ | 234,709 |
| | $ | 243,627 |
| | $ | 234,709 |
| | $ | 243,627 |
|
|
Schedule Of Company Interests In Land Option Agreements |
The following provides a summary of our interests in land option agreements as of June 30, 2019 and December 31, 2018 ($000’s omitted): | | | | | | | | | | | | | | | | | | June 30, 2019 | | December 31, 2018 | | Deposits and Pre-acquisition Costs | | Remaining Purchase Price | | Deposits and Pre-acquisition Costs | | Remaining Purchase Price | Land options with VIEs | $ | 100,523 |
| | $ | 1,109,963 |
| | $ | 90,717 |
| | $ | 1,079,507 |
| Other land options | 154,907 |
| | 1,693,446 |
| | 127,851 |
| | 1,522,903 |
| | $ | 255,430 |
| | $ | 2,803,409 |
| | $ | 218,568 |
| | $ | 2,602,410 |
|
|