Interest

3 Months Ended

Mar. 31, 2020

Interest [Abstract]

Interest

9. Interest

Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three months ended March 31, 2020 and 2019, we capitalized all interest costs incurred during these periods, except for interest incurred on our mortgage repurchase facilities.

Our interest costs are as follows (in thousands):

	Three Months Ended March 31,
	2020		2019
Interest capitalized beginning of period	$	67,069	$	53,842
Interest capitalized during period		17,453		17,866
Less: capitalized interest in cost of sales		(13,685)		(12,587)
Interest capitalized end of period	$	70,837	$	59,121