Inventory (Tables)

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Components of Inventory

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

	March 31, 2023		December 31, 2022
Homes under construction	$	5,351,112	$	5,440,186
Land under development	5,346,687		5,134,432
Raw land	647,228		679,341
Consolidated inventory not owned (a)	86,850		72,058
	$	11,431,877	$	11,326,017

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

Capitalized Interest Rollforward

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

	Three Months Ended
	March 31,
	2023		2022
Interest in inventory, beginning of period	$	137,262	$	160,756
Interest capitalized	31,802		31,583
Interest expensed	(27,793)		(33,669)
Interest in inventory, end of period	$	141,271	$	158,670

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements as of March 31, 2023 and December 31, 2022 ($000’s omitted): 

	March 31, 2023				December 31, 2022
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	218,460	$	1,860,020	$	213,895	$	2,130,398
Other land options	267,267		3,677,444		264,860		3,269,843
	$	485,727	$	5,537,464	$	478,755	$	5,400,241