Owned Inventory (Tables)

12 Months Ended

Sep. 30, 2023

The components of our owned inventory are as follows as of September 30, 2023 and 2022:


in thousands	September 30, 2023		September 30, 2022
Homes under construction	$	644,363	$	785,742
Land under development	870,740		731,190
Land held for future development	19,879		19,879
Land held for sale	18,579		15,674
Capitalized interest	112,580		109,088
Model homes	90,062		76,292
Total owned inventory	$	1,756,203	$	1,737,865

Schedule of total inventory by segment

Total owned inventory by reportable segment is presented in the table below as of September 30, 2023 and 2022:


in thousands	Projects in Progress (a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2023
West	$	914,908	$	3,483	$	14,702	$	933,093
East	325,395		10,888		3,201		339,484
Southeast	297,142		5,508		676		303,326
Corporate and unallocated(b)	180,300		—		—		180,300
Total	$	1,717,745	$	19,879	$	18,579	$	1,756,203
September 30, 2022
West	$	934,309	$	3,483	$	14,998	$	952,790
East	313,613		10,888		—		324,501
Southeast	284,424		5,508		676		290,608
Corporate and unallocated(b)	169,966		—		—		169,966
Total	$	1,702,312	$	19,879	$	15,674	$	1,737,865

(a) Projects in progress include homes under construction, land under development, capitalized interest, and model home categories from the preceding table.

(b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment.

Schedule of inventory impairments and lot option abandonment charges

The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:


	Fiscal Year Ended September 30,
in thousands	2023		2022		2021






Land Held for Sale:
West	$	—	$	1,303	$	—


Corporate and unallocated(a)	—		565		—
Total impairment charges on land held for sale	$	—	$	1,868	$	—
Abandonments:
West	$	487	$	289	$	—
East	154		143		465
Southeast	—		663		388

Total abandonments charges	$	641	$	1,095	$	853






Total impairment and abandonment charges	$	641	$	2,963	$	853

(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.