Capitalization of Interest (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(Dollars in thousands)
Homebuilding interest incurred	$	17,254	$	17,482	$	51,928	$	52,386
Less: Interest capitalized	(17,254)		(17,482)		(51,928)		(52,386)
Homebuilding interest expensed	$	—	$	—	$	—	$	—
Interest capitalized, beginning of period	$	60,242	$	61,953	$	64,659	$	59,921
Plus: Interest capitalized during period	17,254		17,482		51,928		52,386
Less: Previously capitalized interest included in home cost of sales	(20,171)		(14,007)		(59,262)		(46,879)
Interest capitalized, end of period	$	57,325	$	65,428	$	57,325	$	65,428