XML 51 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
Inventory and Capitalized Interest Inventory (Tables)
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current [Table Text Block]
A summary of the Company’s inventory as of December 31, 2024 and 2023 is as follows:
December 31,
(In thousands)20242023
Single-family lots, land and land development costs$1,630,190 $1,446,576 
Land held for sale7,699 6,932 
Homes under construction1,271,626 1,177,101 
Model homes and furnishings - at cost (less accumulated depreciation: December 31, 2024 - $12,765;
    December 31, 2023 - $10,940)
88,216 68,696 
Community development district infrastructure12,839 19,339 
Land purchase deposits69,483 51,608 
Consolidated inventory not owned11,809 26,899 
Total inventory$3,091,862 $2,797,151 
Real Estate Inventory, Capitalized Interest Costs [Table Text Block] The summary of capitalized interest for the years ended December 31, 2024, 2023 and 2022 is as follows:
Year Ended December 31,
(In thousands)202420232022
Capitalized interest, beginning of period$32,144 $29,625 $24,343 
Interest capitalized to inventory35,862 35,845 35,552 
Capitalized interest charged to land and housing costs and expenses(32,053)(33,326)(30,270)
Capitalized interest, end of period$35,953 $32,144 $29,625 
Interest incurred net of interest income
$8,348 $15,823 $37,802