Inventory (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

A summary of inventory is as follows (in thousands):

	June 30, 2020		December 31, 2019
Homes completed or under construction	$	318,232	$	314,966
Land and lots - developed and under development	426,551		437,553
Land held for sale	6,338		1,048
Total inventory	$	751,121	$	753,567

Summary of Real Estate Inventory Capitalized Interest Costs

A summary of interest costs incurred, capitalized and expensed is as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Interest capitalized at beginning of period	$	18,876		$	16,526		$	18,596		$	14,780
Interest incurred	2,708			3,128			5,667			6,014
Interest charged to cost of revenues	(2,793)			(2,455)			(5,472)			(3,595)
Interest capitalized at end of period	$	18,791		$	17,199		$	18,791		$	17,199
Capitalized interest as a percentage of inventory	2.5		%	2.4		%	2.5		%	2.4		%