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Inventory (Tables)
 9 Months Ended
Jul. 31, 2024
Inventory Disclosure [Abstract]  
Inventory
Major components of inventory at July 31, 2024 and October 31, 2023 were (amounts in thousands):
July 31,
2024		October 31,
2023
Land deposits and costs of future communities$571,400 $549,035 
Land and land development costs2,855,478 2,631,147 
Land and land development costs associated with homes under construction3,488,892 2,916,334 
Total land and land development costs6,915,770 6,096,516 
Homes under construction2,784,577 2,515,484 
Model homes (1)497,713 445,578 
$10,198,060 $9,057,578 
(1)    Includes the allocated land and land development costs associated with each of our model homes in operation.
The following table provides a summary of the composition of our inventory based on community status at July 31, 2024 and October 31, 2023 (amounts in thousands):
July 31,
2024		October 31,
2023
Land controlled for future communities$204,529 $173,175 
Land owned for future communities614,473 663,413 
Operating communities9,379,058 8,220,990 
$10,198,060 $9,057,578 
Inventory impairment charges and expensing of costs that it is believed not to be recoverable
The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, and which are included in home sales cost of revenues, are shown in the table below (amounts in thousands):
 Three months ended July 31,Nine months ended July 31,
 2024202320242023
Land controlled for future communities$1,759 $895 $4,518 $9,343 
Land owned for future communities— 369 — 694 
Operating communities3,700 2,100 30,840 12,400 
$5,459 $3,364 $35,358 $22,437 
Interest incurred, capitalized and expensed
Interest incurred, capitalized, and expensed, for the periods indicated, were as follows (amounts in thousands):
 Three months ended July 31,Nine months ended July 31,
 2024202320242023
Interest capitalized, beginning of period$193,478 $211,760 $190,550 $209,468 
Interest incurred33,579 32,624 100,018 107,341 
Interest expensed to home sales cost of revenues(32,803)(37,004)(91,121)(99,642)
Interest expensed to land sales and other cost of revenues(802)(1,258)(1,821)(6,086)
Interest capitalized on investments in unconsolidated entities(2,027)(2,271)(6,734)(7,432)
Previously capitalized interest transferred to investments in unconsolidated entities— — — (244)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory296 296 829 742 
Interest capitalized, end of period$191,721 $204,147 $191,721 $204,147