Inventory (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Components of Inventory

Major components of inventory were as follows ($000’s omitted): 

	March 31, 2021		December 31, 2020
Homes under construction	$	3,594,406	$	3,086,740
Land under development	3,913,349		4,137,318
Raw land	467,456		497,740
	$	7,975,211	$	7,721,798

Capitalized Interest Rollforward

Information related to interest capitalized into inventory is as follows ($000’s omitted):

	Three Months Ended
	March 31,
	2021		2020
Interest in inventory, beginning of period	$	193,409	$	210,383
Interest capitalized	34,627		39,913
Interest expensed	(34,684)		(36,871)
Interest in inventory, end of period	$	193,352	$	213,425

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements as of March 31, 2021 and December 31, 2020 ($000’s omitted): 

	March 31, 2021				December 31, 2020
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	142,771	$	1,844,131	$	126,900	$	1,586,551
Other land options	177,049		2,460,589		164,964		2,187,017
	$	319,820	$	4,304,720	$	291,864	$	3,773,568

Schedule Of Impairment Losses

We recorded the following land-related charges ($000's omitted):

		Three Months Ended
		March 31,
	Statement of Operations Classification	2021		2020
Land impairments	Home sale cost of revenues	$	—	$	5,386
Net realizable value ("NRV") adjustments - land held for sale	Land sale and other cost of revenues	—		11
Write-offs of deposits and pre-acquisition costs	Other expense, net	1,368		4,332
		$	1,368	$	9,729