Inventory and Capitalized Interest Inventory (Tables)

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

A summary of the Company’s inventory as of December 31, 2020 and 2019 is as follows:

	December 31,
(In thousands)	2020		2019
Single-family lots, land and land development costs	$	868,288	$	858,065
Land held for sale	4,623		5,670
Homes under construction	898,966		756,998
Model homes and furnishings - at cost (less accumulated depreciation: December 31, 2020 - $12,909; December 31, 2019 - $12,723)	81,264		98,777
Community development district infrastructure	8,196		13,531
Land purchase deposits	45,357		28,532
Consolidated inventory not owned	9,914		7,934
Total inventory	$	1,916,608	$	1,769,507

Real Estate Inventory, Capitalized Interest Costs [Table Text Block]

The summary of capitalized interest for the years ended December 31, 2020, 2019 and 2018 is as follows:

	Year Ended December 31,
(In thousands)	2020		2019		2018
Capitalized interest, beginning of period	$	21,607	$	20,765	$	17,169
Interest capitalized to inventory	32,408		30,253		29,053
Capitalized interest charged to land and housing costs and expenses	(32,686)		(29,411)		(25,457)
Capitalized interest, end of period	$	21,329	$	21,607	$	20,765
Interest incurred	$	42,092	$	51,628	$	49,537