Inventory (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	June 30, 2022		December 31, 2021
Homes completed or under construction	$	628,482	$	544,258
Land and lots - developed and under development	728,342		620,129
Land held for sale	12,376		39,356
Total inventory	$	1,369,200	$	1,203,743

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,
	2022			2021			2022		2021
Interest capitalized at beginning of period	$	20,751		$	18,380		$	19,950	$	17,520
Interest incurred	4,045			3,250			7,779		6,101
Interest charged to cost of revenues	(4,376)			(2,670)			(7,309)		(4,661)
Interest capitalized at end of period	$	20,420		$	18,960		$	20,420	$	18,960
Capitalized interest as a percentage of inventory	1.5		%	1.7		%