XML 22 R11.htm IDEA: XBRL DOCUMENT v3.25.1
Interest
6 Months Ended
Mar. 31, 2025
Real Estate [Abstract]  
Interest Interest
Interest capitalized during the three and six months ended March 31, 2025 and 2024 was based upon the balance of inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:
Three Months Ended March 31,Six Months Ended March 31,
in thousands2025202420252024
Capitalized interest in inventory, beginning of period$130,433 $119,596 $124,182 $112,580 
Interest incurred21,617 19,689 41,778 37,895 
Capitalized interest amortized to home construction and land sales expenses(a)
(17,758)(16,071)(31,668)(27,261)
Capitalized interest in inventory, end of period$134,292 $123,214 $134,292 $123,214 
(a) Capitalized interest amortized to home construction and land sales expenses varies based on the number of homes closed during the period and land sales, if any, as well as other factors.