Inventory And Land Held For Sale (Tables)

12 Months Ended

Dec. 31, 2022

Major components of inventory at December 31, 2022 and 2021 were ($000’s omitted):


	2022		2021
Homes under construction	$	5,440,186	$	4,225,309
Land under development	5,134,432		4,091,015
Raw land	679,341		731,245
Consolidated inventory not owned (a)	72,058		—
	$	11,326,017	$	9,047,569

(a) Consolidated inventory not owned includes land sold to third parties for which the Company retains a repurchase option.

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


	Years Ended December 31,
	2022		2021		2020
Interest in inventory, beginning of period	$	160,756	$	193,409	$	210,383
Interest capitalized	130,051		129,380		159,575
Interest expensed	(153,545)		(162,033)		(176,549)
Interest in inventory, end of period	$	137,262	$	160,756	$	193,409

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


	Statement of Operations Classification	2022		2021		2020
Net realizable value adjustments ("NRV") - land held for sale	Land sale and other cost of revenues	$	107	$	19	$	871
Land impairments	Home sale cost of revenues	2,990		—		7,044

Write-offs of deposits and pre-acquisition costs	Other expense, net	63,559		12,283		12,390
Total land-related charges		$	66,656	$	12,302	$	20,305