Inventory (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	March 31, 2021		December 31, 2020
Homes completed or under construction	$	466,128	$	356,706
Land and lots - developed and under development	440,622		482,371
Land held for sale	14,140		5,558
Total inventory	$	920,890	$	844,635

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 March 31,
	2021			2020
Interest capitalized at beginning of period	$	17,520		$	18,596
Interest incurred	2,851			2,959
Interest charged to cost of revenues	(1,991)			(2,679)
Interest capitalized at end of period	$	18,380		$	18,876
Capitalized interest as a percentage of inventory	2.0		%	2.4		%