Inventory and Capitalized Interest Inventory (Tables)

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

A summary of the Company’s inventory as of December 31, 2021 and 2020 is as follows:

	December 31,
(In thousands)	2021		2020
Single-family lots, land and land development costs	$	1,125,738	$	868,288
Land held for sale	4,312		4,623
Homes under construction	1,187,341		898,966
Model homes and furnishings - at cost (less accumulated depreciation: December 31, 2021 - $12,023; December 31, 2020 - $12,909)	59,268		81,264
Community development district infrastructure	20,089		8,196
Land purchase deposits	52,918		45,357
Consolidated inventory not owned	2,768		9,914
Total inventory	$	2,452,434	$	1,916,608

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

The summary of capitalized interest for the years ended December 31, 2021, 2020 and 2019 is as follows:

	Year Ended December 31,
(In thousands)	2021		2020		2019
Capitalized interest, beginning of period	$	21,329	$	21,607	$	20,765
Interest capitalized to inventory	36,843		32,408		30,253
Capitalized interest charged to land and housing costs and expenses	(33,829)		(32,686)		(29,411)
Capitalized interest, end of period	$	24,343	$	21,329	$	21,607
Interest incurred	$	38,999	$	42,092	$	51,628