Capitalization of Interest (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Capitalization of Interest

For all periods presented below, our qualified assets exceeded our homebuilding debt and as such, all interest incurred has been capitalized.

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(Dollars in thousands)
Homebuilding interest incurred	$	17,409	$	15,094	$	34,741	$	31,628
Less: Interest capitalized	(17,409)		(15,094)		(34,741)		(31,628)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	55,268	$	59,077	$	52,777	$	55,310
Plus: Interest capitalized during period	17,409		15,094		34,741		31,628
Less: Previously capitalized interest included in home cost of sales	(18,326)		(17,242)		(33,167)		(30,009)
Interest capitalized, end of period	$	54,351	$	56,929	$	54,351	$	56,929