Capitalization of Interest (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Capitalization of Interest

The table set forth below summarizes homebuilding interest activity. For all periods presented below, our qualified assets exceeded our homebuilding debt and as such, all interest incurred has been capitalized.

	Three Months Ended March 31,
	2026		2025
	(Dollars in thousands)
Homebuilding interest incurred	$	21,173	$	24,656
Less: Interest capitalized	(21,173)		(24,656)
Homebuilding interest expensed	$	—	$	—
Interest capitalized, beginning of period	$	98,265	$	83,670
Plus: Interest capitalized during period	21,173		24,656
Less: Previously capitalized interest included in home cost of sales	(15,279)		(21,993)
Interest capitalized, end of period	$	104,159	$	86,333