Inventory (Tables)

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	June 30, 2021		December 31, 2020
Homes completed or under construction	$	535,138	$	356,706
Land and lots - developed and under development	567,398		482,371
Land held for sale	3,605		5,558
Total inventory	$	1,106,141	$	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 June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Interest capitalized at beginning of period	$	18,380		$	18,876		$	17,520		$	18,596
Interest incurred	3,250			2,708			6,101			5,667
Interest charged to cost of revenues	(2,670)			(2,793)			(4,661)			(5,472)
Interest capitalized at end of period	$	18,960		$	18,791		$	18,960		$	18,791
Capitalized interest as a percentage of inventory	1.7		%	2.5		%	1.7		%	2.5		%