Interest on Senior Notes and Revolving Line of Credit

9 Months Ended

Sep. 30, 2022

Interest on Senior Notes and Revolving Line of Credit [Abstract]

Interest on Senior Notes and Revolving Line of Credit

10. Interest on Senior Notes and Revolving Line of Credit

Interest on our senior notes and Revolving Line of Credit 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, 2022 and 2021, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Interest capitalized beginning of period	$	57,124	$	54,161	$	53,379	$	60,838
Interest capitalized during period		17,281		15,204		46,645		45,310
Less: capitalized interest in cost of sales		(13,726)		(14,636)		(39,345)		(51,419)
Interest capitalized end of period	$	60,679	$	54,729	$	60,679	$	54,729