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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