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Inventory (Tables) | 6 Months Ended
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Jun. 30, 2024
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| June 30, 2024 |  | December 31, 2023
Homes under construction | $ | 5,828,344 |  |  | $ | 5,262,850 |
Land under development | 5,969,885 |  |  | 5,805,993 |
Raw land | 428,012 |  |  | 606,005 |
Consolidated inventory not owned (a) | 76,060 |  |  | 120,522 |
| $ | 12,302,301 |  |  | $ | 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 |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest in inventory, beginning of period | $ | 148,101 |  |  | $ | 141,271 |  |  | $ | 139,078 |  |  | $ | 137,262 |
Interest capitalized | 29,284 |  |  | 31,927 |  |  | 59,903 |  |  | 63,729 |
Interest expensed | (28,023) |  |  | (31,204) |  |  | (49,619) |  |  | (58,997) |
Interest in inventory, end of period | $ | 149,362 |  |  | $ | 141,994 |  |  | $ | 149,362 |  |  | $ | 141,994 |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of June 30, 2024 and December 31, 2023 ($000’s omitted):
| June 30, 2024 |  |  |  | December 31, 2023
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |  |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |
Land options with VIEs | $ | 307,673 |  |  | $ | 2,481,747 |  |  |  |  | $ | 238,070 |  |  | $ | 1,916,558 |  |  |
Other land options | 557,214 |  |  | 4,882,752 |  |  |  |  | 466,139 |  |  | 4,531,566 |  |  |
| $ | 864,887 |  |  | $ | 7,364,499 |  |  |  |  | $ | 704,209 |  |  | $ | 6,448,124 |  |  |

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