Inventory (Tables)

3 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Schedule of inventory

The components of our owned inventory are as follows as of December 31, 2020 and September 30, 2020:

in thousands	December 31, 2020		September 30, 2020
Homes under construction	$	625,296	$	525,021
Development projects in progress	563,285		589,763
Land held for future development	23,068		28,531
Land held for sale	10,045		12,622
Capitalized interest	119,148		119,659
Model homes	73,148		75,142
Total owned inventory	$	1,413,990	$	1,350,738

Schedule of total owned inventory, by segment

Total owned inventory by reportable segment is presented in the table below as of December 31, 2020 and September 30, 2020:

in thousands	Projects in Progress (a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
December 31, 2020
West Segment	$	645,137	$	3,483	$	1,775	$	650,395
East Segment	278,258		14,077		3,844		296,179
Southeast Segment	284,216		5,508		4,426		294,150
Corporate and unallocated (b)	173,266		—		—		173,266
Total	$	1,380,877	$	23,068	$	10,045	$	1,413,990
September 30, 2020
West Segment	$	627,986	$	3,483	$	4,516	$	635,985
East Segment	241,799		14,077		3,702		259,578
Southeast Segment	266,905		10,971		4,404		282,280
Corporate and unallocated (b)	172,895		—		—		172,895
Total	$	1,309,585	$	28,531	$	12,622	$	1,350,738

(a) Projects in progress include homes under construction, development projects in progress, capitalized interest, and model home categories from the preceding table.

(b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment.

Summary of interests in lot option agreements

The following table provides a summary of our interests in lot option agreements as of December 31, 2020 and September 30, 2020:

in thousands	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation
As of December 31, 2020
Unconsolidated lot option agreements	$	83,016	$	493,845
As of September 30, 2020
Unconsolidated lot option agreements	$	75,921	$	395,133