Owned Inventory (Tables)

12 Months Ended

Sep. 30, 2022

Real Estate [Abstract]

Schedule of inventory

The components of our owned inventory are as follows as of September 30, 2022 and 2021:

in thousands	September 30, 2022		September 30, 2021
Homes under construction	$	785,742	$	648,283
Land under development	731,190		648,404
Land held for future development	19,879		19,879
Land held for sale	15,674		9,179
Capitalized interest	109,088		106,985
Model homes	76,292		68,872
Total owned inventory	$	1,737,865	$	1,501,602

Schedule of total inventory by segment

Total owned inventory by reportable segment is presented in the table below as of September 30, 2022 and 2021:

in thousands	Projects in Progress (a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2022
West	$	934,309	$	3,483	$	14,998	$	952,790
East	313,613		10,888		—		324,501
Southeast	284,424		5,508		676		290,608
Corporate and unallocated(b)	169,966		—		—		169,966
Total	$	1,702,312	$	19,879	$	15,674	$	1,737,865
September 30, 2021
West	$	781,036	$	3,483	$	4,478	$	788,997
East	264,991		10,888		584		276,463
Southeast	269,738		5,508		4,117		279,363
Corporate and unallocated(b)	156,779		—		—		156,779
Total	$	1,472,544	$	19,879	$	9,179	$	1,501,602

(a) Projects in progress include homes under construction, land under development, 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.

Schedule of inventory impairments and lot option abandonment charges

The following table presents, by reportable segment, our total impairments and abandonment charges for the periods presented:

	Fiscal Year Ended September 30,
in thousands	2022		2021		2020
Land Held for Sale:
West	$	1,303	$	—	$	89
Southeast	—		—		8
Corporate and unallocated(a)	565		—		1,160
Total impairment charges on land held for sale	$	1,868	$	—	$	1,257
Abandonments:
West	$	289	$	—	$	923
East	143		465		82
Southeast	663		388		641
Total abandonments charges	$	1,095	$	853	$	1,646
Total impairments and abandonment charges	$	2,963	$	853	$	2,903

(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.