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Inventory (Tables)
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Components of Inventory
Major components of inventory were as follows ($000’s omitted): 
September 30,
2024
December 31,
2023
Homes under construction$6,056,408 $5,262,850 
Land under development6,016,314 5,805,993 
Raw land502,494 606,005 
Consolidated inventory not owned (a)
66,716 120,522 
$12,641,932 $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 EndedNine Months Ended
 September 30,September 30,
 2024202320242023
Interest in inventory, beginning of period$149,362 $141,994 $139,078 $137,262 
Interest capitalized26,443 31,659 86,346 95,388 
Interest expensed(29,708)(33,643)(79,327)(92,640)
Interest in inventory, end of period$146,097 $140,010 $146,097 $140,010 
Schedule Of Company Interests In Land Option Agreements The following provides a summary of our interests in land option agreements as of September 30, 2024 and December 31, 2023 ($000’s omitted):
 
 September 30, 2024December 31, 2023
 Deposits and
Pre-acquisition
Costs
Remaining Purchase
Price
Deposits and
Pre-acquisition
Costs
Remaining Purchase
Price
Land options with VIEs$313,562 $2,603,779 $238,070 $1,916,558 
Other land options632,058 5,498,859 466,139 4,531,566 
$945,620 $8,102,638 $704,209 $6,448,124