Inventory

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventory

Inventory

The following is a summary of inventory as of the dates presented:

	June 30, 2020		December 31, 2019
Homes for sale	$	4,383	$	36,982
Homes not available for sale	426		3,163
Homes under improvement	4,628		34,445
Inventory	$	9,437	$	74,590

Inventory costs include direct home acquisition costs and any capitalized improvements, net of lower of cost or net realizable value write-downs applied on a specific home basis. As of June 30, 2020 and December 31, 2019, lower of cost or net realizable value write-downs were $151 and $143, respectively.

The following is the inventory activity for the six months ended June 30, 2020:

Inventory as of January 1, 2020	$	74,590
Purchases and capitalized improvements to inventory	74,757
Relief of inventory to cost of revenue	(139,902)
Lower of cost or net realizable value write-downs, net	(8)
Inventory as of June 30, 2020	$	9,437