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Inventory And Land Held For Sale | 12 Months Ended
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Dec. 31, 2022
Inventory Disclosure [Abstract] |
Inventory and land held for sale | Inventory and land held for sale Major components of inventory at December 31, 2022 and 2021 were ($000’s omitted):
| 2022 |  | 2021
Homes under construction | $ | 5,440,186 |  |  | $ | 4,225,309 |
Land under development | 5,134,432 |  |  | 4,091,015 |
Raw land | 679,341 |  |  | 731,245 |
Consolidated inventory not owned (a) | 72,058 |  |  | — |
| $ | 11,326,017 |  |  | $ | 9,047,569 |
(a) Consolidated inventory not owned includes land sold to third parties for which the Company retains a repurchase option. In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Activity related to interest capitalized into inventory is as follows ($000’s omitted):
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Interest in inventory, beginning of period | $ | 160,756 |  |  | $ | 193,409 |  |  | $ | 210,383 |
Interest capitalized | 130,051 |  |  | 129,380 |  |  | 159,575 |
Interest expensed | (153,545) |  |  | (162,033) |  |  | (176,549) |
Interest in inventory, end of period | $ | 137,262 |  |  | $ | 160,756 |  |  | $ | 193,409 |
Land-related charges We recorded the following land-related charges ($000's omitted):
| Statement of Operations Classification |  | 2022 |  | 2021 |  | 2020
Net realizable value adjustments ("NRV") - land held for sale | Land sale and other cost of revenues |  | $ | 107 |  |  | $ | 19 |  |  | $ | 871 |
Land impairments | Home sale cost of revenues |  | 2,990 |  |  | — |  |  | 7,044 |
Write-offs of deposits and pre-acquisition costs | Other expense, net |  | 63,559 |  |  | 12,283 |  |  | 12,390 |
Total land-related charges |  |  | $ | 66,656 |  |  | $ | 12,302 |  |  | $ | 20,305 |
Our evaluations for land-related charges are based on our best estimates of the future cash flows for our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of certain of our communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI https://asc.fasb.org/topic&trid=2126998 + Details
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