Capitalization of Interest (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of 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,
	2024		2023		2024		2023
	(Dollars in thousands)
Homebuilding interest incurred	$	17,253	$	17,450	$	34,674	$	34,904
Less: Interest capitalized	(17,253)		(17,450)		(34,674)		(34,904)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	63,151	$	61,310	$	64,659	$	59,921
Plus: Interest capitalized during period	17,253		17,450		34,674		34,904
Less: Previously capitalized interest included in home cost of sales	(20,162)		(16,807)		(39,091)		(32,872)
Interest capitalized, end of period	$	60,242	$	61,953	$	60,242	$	61,953