Inventory

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Inventory

Inventory

The components of inventory were as follows:

	June 30, 2021		December 31, 2020
Properties for sale	$	90,391	$	17,153
Properties not available for sale	45,132		7,225
Properties under improvement	113,480		24,780
Inventory	$	249,003	$	49,158

Inventory costs include direct home purchase 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, 2021 and December 31, 2020, lower of cost or net realizable value write-downs were $862 and $29, respectively. During the six months ended June 30, 2021 and 2020, we purchased $410,960 and $70,052 of homes and sold $213,921 and $133,172 in cost basis of homes, respectively.