Inventory (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Components of Inventory

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

	June 30, 2023		December 31, 2022
Homes under construction	$	5,216,185	$	5,440,186
Land under development	5,341,632		5,134,432
Raw land	633,929		679,341
Consolidated inventory not owned (a)	143,302		72,058
	$	11,335,048	$	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				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Interest in inventory, beginning of period	$	141,271	$	158,670	$	137,262	$	160,756
Interest capitalized	31,927		31,338		63,729		62,921
Interest expensed	(31,204)		(38,454)		(58,997)		(72,123)
Interest in inventory, end of period	$	141,994	$	151,554	$	141,994	$	151,554

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements as of June 30, 2023 and December 31, 2022 ($000’s omitted): 

	June 30, 2023				December 31, 2022
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	233,216	$	2,063,990	$	213,895	$	2,130,398
Other land options	290,421		4,026,806		264,860		3,269,843
	$	523,637	$	6,090,796	$	478,755	$	5,400,241