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Interest

12 Months Ended

Sep. 30, 2025

Real Estate Inventory Capitalized Interest Costs [Abstract]

Interest capitalized during the fiscal years ended September 30, 2025, 2024 and 2023 was based upon the balance of inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:


	Fiscal Year Ended September 30,
in thousands	2025		2024		2023
Capitalized interest in inventory, beginning of period	$	124,182	$	112,580	$	109,088
Interest incurred	86,529		79,835		71,981
Capitalized interest impaired	(1,462)		—		—

Capitalized interest amortized to home construction and land sales expenses(a)	(77,404)		(68,233)		(68,489)
Capitalized interest in inventory, end of period	131,845		124,182		112,580

(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.