Interest

9 Months Ended

Jun. 30, 2023

Real Estate [Abstract]

Interest

Interest

Interest capitalized during the three and nine months ended June 30, 2023 and 2022 was based upon the balance of inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:

	Three Months Ended June 30,				Nine Months Ended June 30,
in thousands	2023		2022		2023		2022
Capitalized interest in inventory, beginning of period	$	113,886	$	112,686	$	109,088	$	106,985
Interest incurred	18,027		18,728		53,891		55,292
Capitalized interest amortized to home construction and land sales expenses(a)	(17,504)		(15,679)		(48,570)		(46,542)
Capitalized interest in inventory, end of period	$	114,409	$	115,735	$	114,409	$	115,735

(a) Capitalized interest amortized to home construction and land sales expenses varies based on the number of homes closed during the period and land sales, if any, as well as other factors.