Inventory And Land Held For Sale (Tables)

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Components of Inventory

Major components of inventory at December 31, 2021 and 2020 were ($000’s omitted):

	2021		2020
Homes under construction	$	4,225,309	$	3,086,740
Land under development	4,091,015		4,137,318
Raw land	731,245		497,740
	$	9,047,569	$	7,721,798

Capitalized Interest Rollforward

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

	Years Ended December 31,
	2021		2020		2019
Interest in inventory, beginning of period	$	193,409	$	210,383	$	227,495
Interest capitalized	129,380		159,575		164,114
Interest expensed	(162,033)		(176,549)		(181,226)
Interest in inventory, end of period	$	160,756	$	193,409	$	210,383

Land-related Charges

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

	Statement of Operations Classification	2021		2020		2019
Net realizable value adjustments ("NRV") - land held for sale	Land sale and other cost of revenues	$	19	$	871	$	5,368
Land impairments	Home sale cost of revenues	—		7,044		8,617
Write-offs of deposits and pre-acquisition costs	Other expense, net	12,283		12,390		13,116
Total land-related charges		$	12,302	$	20,305	$	27,101