Inventory (Tables)

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	September 30, 2020		December 31, 2019
Homes completed or under construction	$	302,070	$	314,966
Land and lots - developed and under development	470,791		437,553
Land held for sale	6,499		1,048
Total inventory	$	779,360	$	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 September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Interest capitalized at beginning of period	$	18,791		$	17,199		$	18,596		$	14,780
Interest incurred	2,010			3,052			7,677			9,066
Interest charged to cost of revenues	(2,999)			(2,324)			(8,471)			(5,919)
Interest capitalized at end of period	$	17,802		$	17,927		$	17,802		$	17,927
Capitalized interest as a percentage of inventory	2.3		%	2.5		%	2.3		%	2.5		%