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Real estate inventory and capitalized interest (Tables)
 6 Months Ended
Jun. 30, 2024
Real estate inventory and capitalized interest [Abstract]  
Real Estate Inventory
A summary of real estate inventory is as follows as of June 30, 2024 and December 31, 2023 (in thousands):

   
June 30,
2024
    
December 31,
2023
  
Lots held for construction
  
$
37,881
    
$
32,184
  
Homes under construction, completed homes and model homes
    
228,672
      
180,920
  
Total real estate inventory
  
$
266,553
    
$
213,104
  
Capitalized Interest
A summary of capitalized interest is as follows (in thousands):

    Three months ended June 30,     Six months ended June 30,
  
   
2024
    
2023
     2024
     2023
  
Capitalized interest, beginning of period
  
$
858
    
$
805
     $
1,338     $
 1,117  
Interest incurred
    
893
      
530
       1,832       1,066  
Interest expensed
    
(591
)
    
(301
)
     (1,289 )     (546 )
Interest charged to cost of home closings
    
(333
)
    
(352
)
     (1,054 )     (955 )
Capitalized interest, end of period
  
$
827
    
$
682
     $
 827     $
682