Interest

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest capitalized beginning of period	$	70,311	$	63,068	$	67,069	$	53,842
Interest capitalized during period		15,065		19,325		50,686		55,792
Less: capitalized interest in cost of sales		(19,050)		(14,258)		(51,429)		(41,499)
Interest capitalized end of period	$	66,326	$	68,135	$	66,326	$	68,135