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Inventory (Tables)
3 Months Ended
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 development5,865,321 5,805,993 
Raw land546,215 606,005 
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,
 20242023
Interest in inventory, beginning of period$139,078 $137,262 
Interest capitalized30,620 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, 2024December 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 options507,120 4,476,930 466,139 4,531,566 
$792,800 $6,679,602 $704,209 $6,448,124