ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Summary of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following (in thousands):

	As of March 31, 2023		As of December 31, 2022
Real estate development costs to complete	$	52,589	$	53,155
Compensation and employee benefits		68,029		112,294
Self-insurance and warranty reserves		158,222		161,675
Interest payable		26,558		37,434
Property and sales taxes payable		24,069		30,046
Other accruals		95,152		95,649
Total accrued expenses and other liabilities	$	424,619	$	490,253

Summary of Changes in Reserves

A summary of the changes in reserves are as follows (in thousands):

	Three Months Ended March 31,
	2023			2022
Reserve - beginning of period	$	161,675		$	141,839
Additions to reserves		14,447			8,884
Cost of claims incurred		(20,508	)		(12,473	)
Changes in estimates to pre-existing reserves		2,608			2,720
Reserve - end of period	$	158,222		$	140,970