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Real Estate Inventories (Tables)
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Schedule of Real Estate Inventories
Real estate inventories consisted of the following (in thousands):
September 30, 2024December 31, 2023
Real estate inventories owned:
Homes completed or under construction$1,540,492 $1,402,762 
Land under development1,203,923 1,299,074 
Land held for future development156,394 153,615 
Model homes288,079 306,565 
Total real estate inventories owned3,188,888 3,162,016 
Real estate inventories not owned:
Land purchase and land option deposits223,745 175,467 
Total real estate inventories not owned223,745 175,467 
Total real estate inventories$3,412,633 $3,337,483 
Schedule of Interest Incurred, Capitalized and Expensed
Interest incurred, capitalized and expensed were as follows (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Interest incurred$25,253 $36,919 $91,787 $111,792 
Interest capitalized(25,253)(36,919)(91,787)(111,792)
Interest expensed$— $— $— $— 
Capitalized interest in beginning inventory$218,171 $220,352 $221,647 $191,411 
Interest capitalized as a cost of inventory25,253 36,919 91,787 111,792 
Interest previously capitalized as a cost of
inventory, included in cost of sales
(38,762)(27,264)(108,772)(73,196)
Capitalized interest in ending inventory$204,662 $230,007 $204,662 $230,007 
Schedule of Real Estate Inventory Impairments and Land Option Abandonments
Real estate inventory impairments and land and lot option abandonments and pre-acquisition charges consisted of the following (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Real estate inventory impairments$— $— $— $11,500 
Land and lot option abandonments and pre-acquisition charges1,074 197 2,444 1,175 
Total$1,074 $197 $2,444 $12,675