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Inventory (Tables) | 3 Months Ended
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Mar. 31, 2024
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| March 31, 2024 |  | December 31, 2023
Homes under construction | $ | 5,589,782 |  |  | $ | 5,262,850 |
Land under development | 5,865,321 |  |  | 5,805,993 |
Raw land | 546,215 |  |  | 606,005 |
Consolidated inventory not owned (a) | 105,894 |  |  | 120,522 |
| $ | 12,107,212 |  |  | $ | 11,795,370 |
(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 |  |
| March 31, |  |
| 2024 |  | 2023 |  |  |  |
Interest in inventory, beginning of period | $ | 139,078 |  |  | $ | 137,262 |  |  |  |  |
Interest capitalized | 30,620 |  |  | 31,802 |  |  |  |  |
Interest expensed | (21,597) |  |  | (27,793) |  |  |  |  |
Interest in inventory, end of period | $ | 148,101 |  |  | $ | 141,271 |  |  |  |  |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of March 31, 2024 and December 31, 2023 ($000’s omitted):
| March 31, 2024 |  |  |  | December 31, 2023
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |  |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |
Land options with VIEs | $ | 285,680 |  |  | $ | 2,202,672 |  |  |  |  | $ | 238,070 |  |  | $ | 1,916,558 |  |  |
Other land options | 507,120 |  |  | 4,476,930 |  |  |  |  | 466,139 |  |  | 4,531,566 |  |  |
| $ | 792,800 |  |  | $ | 6,679,602 |  |  |  |  | $ | 704,209 |  |  | $ | 6,448,124 |  |  |

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