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v3.25.1

House and Land Inventory (Tables) | 3 Months Ended
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Mar. 31, 2025
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| March 31, 2025 |  | December 31, 2024
Homes under construction | $ | 6,067,836 |  |  | $ | 5,770,355 |
Land under development | 6,243,982 |  |  | 6,243,745 |
Raw land | 534,960 |  |  | 548,848 |
Consolidated inventory not owned (a) | 96,618 |  |  | 102,865 |
Land held for sale | 16,103 |  |  | 27,007 |
| $ | 12,959,499 |  |  | $ | 12,692,820 |
(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, |  |
| 2025 |  | 2024 |  |  |  |
Interest in inventory, beginning of period | $ | 139,960 |  |  | $ | 139,078 |  |  |  |  |
Interest capitalized | 26,092 |  |  | 30,620 |  |  |  |  |
Interest expensed | (26,511) |  |  | (21,597) |  |  |  |  |
Interest in inventory, end of period | $ | 139,541 |  |  | $ | 148,101 |  |  |  |  |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of March 31, 2025 and December 31, 2024 ($000’s omitted):
| March 31, 2025 |  |  |  | December 31, 2024
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |  |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |
Land options with VIEs | $ | 377,297 |  |  | $ | 3,294,587 |  |  |  |  | $ | 358,066 |  |  | $ | 3,104,196 |  |  |
Other land options | 754,185 |  |  | 6,804,263 |  |  |  |  | 700,397 |  |  | 6,127,486 |  |  |
| $ | 1,131,482 |  |  | $ | 10,098,850 |  |  |  |  | $ | 1,058,463 |  |  | $ | 9,231,682 |  |  |

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